Baird analyst Robert Oliver maintains $Tyler Technologies (TYL.US)$ with a buy rating, and adjusts the target price from $625 to $700.
According to TipRanks data, the analyst has a success rate of 55.2% and a total average return of 7.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Tyler Technologies (TYL.US)$'s main analysts recently are as follows:
Tyler Technologies reported Q3 results and enhanced its fiscal 2024 margin guidance to a range of 21%-23%, setting a more ambitious baseline for fiscal 2025.
Tyler Technologies has updated its 2024 free cash flow margin guidance upwards by 3 percentage points, even with revenue results that met expectations. The company has demonstrated a strong ability to produce free cash flow significantly beyond its previous 2025 target. The new 2024 guidance reflects a 22% margin based on cloud efficiency initiatives, bolstering the belief in achieving a 24% free cash flow margin by 2027.
The successful transition of Tyler Technologies' business model has delivered increased value to its customers, the company, and shareholders. It is observed that Tyler is delivering on all three aspects now, and is doing so ahead of schedule.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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