BUZZ-TD Cowen initiates coverage on Tyler Technologies with 'buy' on SaaS growthUpdates
** 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))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments