Tyler Tech (TYL) PT Raised to $680 at Loop Capital

Loop Capital analyst Mark Schappel raised the price target on Tyler Tech (NYSE: TYL) to $680.00 (from $645.00) while maintaining a Buy rating.

The analyst commented: "We are reiterating our Buy rating and raising our price target to $680 on our fine-tuned estimates following the company's upbeat 3Q24 earnings release and conference call, in a quarter marked by 20% SaaS revenue growth, 15% transaction growth, and better than expected profitability. We maintain our view that Tyler remains the clear category leader in the public sector applications market and is well-positioned to deliver consistent 8-10% organic top-line growth over the long term and roughly 100 bps of annual margin expansion. We are maintaining our Buy rating and increasing our price target to $680."

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