TD Cowen initiates coverage on Tyler Technologies with 'buy' on SaaS growth

Tyler Technologies

12/12/2025 18:45

Updates

** IT solutions firm Tyler Technologies' TYL.N  shares up ~1% at $458.10

** TD Cowen initiates coverage with "buy" rating

** Brokerage sets PT at $650, implying an upside of 43.3% to stock's last close

** TD Cowen sees durable ~20% software-as-a-service growth in public sector, led by cloud migrations

** Average rating of 21 analysts is "buy," their median PT is $656.11 - data compiled by LSEG

** Up to last close, stock has fallen 21.3% this year

 (Reporting by Anhata Rooprai in Bengaluru)

 ((Anhata.Rooprai@thomsonreuters.com))