Wolfe Research Starts Tyler Tech (TYL) at Outperform

Wolfe Research analyst Alex Zukin initiates coverage on Tyler Tech (NYSE: TYL) with a Outperform rating and a price target of $550.00.

The analyst comments "We would be buying shares of TYL as we see improving demand trends in the market coupled with accelerating shift to cloud with accelerating payment momentum driven by NIC integrations enhancing both top line growth and structural profitability. A combination of high quality management, very long term track record and improving secular narrative makes this a great durable compounding stock to own over the next three years. We initiate at OP with a $550 Price target."

For an analyst ratings summary and ratings history on Tyler Tech click here. For more ratings news on Tyler Tech click here.

Shares of Tyler Tech closed at $471.68 yesterday.

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