Tyler Technologies (NYSE:TYL) provides integrated software and technology services to the public sector. On May 1, 2026, Matthew VanVliet of Cantor Fitzgerald raised the price target for Tyler Technologies to $360.00 from $325.00. At the time of the rating, the stock price was $338.32, suggesting analyst confidence in the company's future performance.
This positive outlook follows a strong first quarter for 2026. As highlighted by Zacks, Tyler Technologies reported non-GAAP earnings of $3.09 per share, which is an 11.2% increase from the previous year. This figure surpassed the Zacks Consensus Estimate of $3.01 per share, marking a significant earnings beat for the company.
The company's revenues also show healthy growth, rising 8.6% to $613.5 million and beating consensus estimates. This increase is driven by a 23.5% jump in Software as a Service (SaaS) revenues and a 10.1% rise in bookings. This signals strong demand for its subscription-based cloud and AI-enabled products.
Despite these strong results, the stock's recent performance tells a different story. As reported by Gurufocus, shares of Tyler Technologies recently fell 4.2% and have seen a year-to-date drop of 24.9%. However, some analysis suggests the company may be undervalued, with its price 36.6% below its estimated GF Value of $537.68.
The company's financial stability is further shown by its annualized recurring revenue, which now stands at $2.15 billion. This metric tracks predictable income from subscriptions. Tyler Technologies also more than doubled its free cash flow and holds a strong GF Score of 86 out of 100, a measure of its long-term growth potential.
