Tyler Tech (TYL) PT Lowered to $540 at DA Davidson

DA Davidson analyst Peter Heckmann lowered the price target on Tyler Tech (NYSE: TYL) to $540.00 (from $560.00) while maintaining a Neutral rating.

The analyst commented, "Tyler reported 3Q results with revenue and adjusted EBITDA within 1% of our forecasts. With results, management fine-tuned their 2025 guidance, but the changes were not material. Following results, we have fine-tuned our forecasts, trimming our 2026 and 2027 total revenue forecasts by approximately 1% each and our adjusted EBITDA forecasts by a bit more than 1% each. We are maintaining our NEUTRAL rating on Tyler and trimming our price target to $540 (from $560)."

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