Tyler Technologies (TYL) Stock Forecast & Price Target

$630.43 +6.24 (+1.00%)

(As of 02:33 PM ET)

Tyler Technologies - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 14 Analyst Ratings

Sell
0

Hold
2

Buy
12

Based on 14 Wall Street analysts who have issued ratings for Tyler Technologies in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 14 analysts, 2 have given a hold rating, and 12 have given a buy rating for TYL.

Consensus Price Target

$642.62
1.93% Upside

According to the 14 analysts' twelve-month price targets for Tyler Technologies, the average price target is $642.62. The highest price target for TYL is $705.00, while the lowest price target for TYL is $526.00. The average price target represents a forecasted upside of 1.93% from the current price of $630.43.

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TYL Analyst Ratings Over Time

Type	Current Forecast 11/27/23 to 11/26/24	1 Month Ago 10/28/23 to 10/27/24	3 Months Ago 8/29/23 to 8/28/24	1 Year Ago 11/27/22 to 11/27/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	12 Buy rating(s)	12 Buy rating(s)	11 Buy rating(s)	9 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$642.62	$642.62	$582.31	$442.43
Forecasted Upside	1.93% Upside	6.07% Upside	0.22% Upside	7.58% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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TYL Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

TYL Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Tyler Technologies Stock vs. The Competition

Type	Tyler Technologies	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.86	2.68	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	2.19% Upside	526.21% Upside	6.90% Upside
News Sentiment Rating	Positive News See Recent TYL News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/25/2024	Barclays 3 of 5 stars	S. Kalia Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$700.00 ➝ $705.00	+16.42%
10/25/2024	JMP Securities 2 of 5 stars		Boost Target	Market Outperform ➝ Market Outperform	$580.00 ➝ $700.00	+15.60%
10/25/2024	Truist Financial 2 of 5 stars		Reiterated Rating	Buy ➝ Buy	$600.00 ➝ $685.00	+11.86%
10/25/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$625.00 ➝ $700.00	+14.48%
10/25/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$625.00 ➝ $701.00	+14.64%
10/25/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$625.00 ➝ $700.00	+14.48%
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10/22/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$600.00 ➝ $700.00	+19.29%
10/17/2024	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$525.00 ➝ $550.00	-6.35%
9/13/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$627.00 ➝ $627.00	+7.51%
7/26/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Materne Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
7/26/2024	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$550.00 ➝ $630.00	+6.76%
7/26/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$580.00 ➝ $600.00	+4.53%
5/21/2024	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$485.00 ➝ $530.00	+6.61%
2/15/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$500.00 ➝ $526.00	+16.70%
5/1/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$370.00 ➝ $376.00	-0.80%
4/28/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$365.00 ➝ $425.00	+13.98%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 02:53 PM ET.

Should I Buy Tyler Technologies Stock? TYL Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, November 25, 2024. Please send any questions or comments about these Tyler Technologies pros and cons to contact@marketbeat.com.

Tyler Technologies
Bull Case

Here are some ways that investors could benefit from investing in Tyler Technologies, Inc.:

Recent analyst upgrades have significantly increased target prices, with Piper Sandler raising its price objective to $701.00, indicating strong market confidence in the company's growth potential.
The stock has shown resilience, currently trading at $616.51, reflecting a solid performance in a volatile market and suggesting investor confidence.
Tyler Technologies, Inc. reported a 9.8% year-over-year revenue increase, demonstrating strong operational growth and the ability to expand its market share.
Institutional ownership is high at 93.30%, which often indicates strong confidence from professional investors and can lead to increased stability in stock performance.
The company has a low debt-to-equity ratio of 0.18, suggesting a strong balance sheet and lower financial risk, which is attractive for long-term investors.

Tyler Technologies
Bear Case

Investors should be bearish about investing in Tyler Technologies, Inc. for these reasons:

The stock has a high P/E ratio of 112.50, which may indicate that it is overvalued compared to its earnings, potentially leading to a price correction.
Despite revenue growth, the company reported earnings per share (EPS) of $2.52, which was only slightly above analysts' expectations, suggesting that growth may not be as robust as anticipated.
Market volatility could impact stock performance, as evidenced by fluctuations in trading volume, which may deter risk-averse investors.
With a beta of 0.77, the stock is less volatile than the market, which might not appeal to investors seeking high-risk, high-reward opportunities.
Recent increases in institutional stakes may lead to a lack of liquidity, making it harder for individual investors to buy or sell shares without affecting the stock price.

TYL Forecast - Frequently Asked Questions

: According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for Tyler Technologies is $642.62, with a high forecast of $705.00 and a low forecast of $526.00.
: 14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Tyler Technologies in the last year. There are currently 2 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" TYL shares.
: According to analysts, Tyler Technologies's stock has a predicted upside of 1.93% based on their 12-month stock forecasts.
: Over the previous 90 days, Tyler Technologies's stock had 1 upgrade by analysts.
: Tyler Technologies has been rated by research analysts at Barclays, DA Davidson, JMP Securities, Needham & Company LLC, Oppenheimer, Piper Sandler, Robert W. Baird, The Goldman Sachs Group, and Truist Financial in the past 90 days.
: Analysts like Tyler Technologies more than other "computer and technology" companies. The consensus rating score for Tyler Technologies is 2.86 while the average consensus rating score for "computer and technology" companies is 2.68. Learn more on how TYL compares to other companies.

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This page (NYSE:TYL) was last updated on 11/26/2024 by MarketBeat.com Staff

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Tyler Technologies (TYL) Stock Forecast & Price Target