DA Davidson Rates Tyler Technologies (TYL) buy, $460 Price Target

Analysts Set New Price Targets

On June 10, 2026, DA Davidson analyst Peter Heckmann reaffirmed a Buy rating on Tyler Technologies, Inc. (NYSE: TYL). The firm set a price target of $460.00 for the stock, suggesting a belief that the software company has plenty of room to grow from its recent trading levels. This call comes as the company continues to provide mission-critical technology for government agencies and schools across the United States.

Wall Street Sentiment on Tyler Technologies

DA Davidson's $460.00 target is among the more optimistic on Wall Street, sitting above the consensus mean price target of $426.64. Other firms have recently adjusted their outlooks as well. On October 12, 2026, Wells Fargo upgraded the stock to Overweight and set a $400.00 target. Just a few days earlier, on October 8, Goldman Sachs moved the other way, downgrading the stock to Neutral with a $345.00 price target. Piper Sandler has also been active, maintaining an Overweight rating on September 28 with a $450.00 target, while BTIG reiterated a Buy rating and a $400.00 target on September 24. Earlier in the summer, Guggenheim initiated coverage on July 23 with a Buy rating and a $440.00 target.

Stock Trends and Valuation

On Saturday, shares of Tyler Technologies were priced at $298.84. The stock has experienced a wide trading range over the past year, hitting a high of $538.90 before pulling back toward its 52-week low of $270.71. At its current price, the company has a price-to-earnings (P/E) ratio of 43.7, which measures the stock price against its profits. Looking ahead, the forward P/E ratio is 21.7, a number that uses estimated future earnings to gauge value. The company's beta of 0.84 suggests the stock is generally less volatile than the broader market.

Growth and Financial Performance

In its most recent financial reports, Tyler Technologies reported revenue of $2.43 billion, representing an 8.2% increase in sales. The company turned that revenue into a profit with a net margin of 13.4% and a return on equity of 9.7%. Tyler Technologies serves the public sector by designing back-office software for courts, justice systems, and public safety agencies. It also manages school transportation systems and health human services technology. The company is scheduled to report its next round of financial results on October 28, 2026.

Public Sector Software Provider

Tyler Technologies is a Plano, Texas-based firm that focuses entirely on the public sector. Unlike many software companies that target private businesses, Tyler builds tools specifically for local governments, including property tax recording, school ERP systems, and cybersecurity for civic services. Its strategic collaboration with Amazon Web Services helps the company host these essential services in the cloud.

What to Watch at Tyler Technologies, Inc.

For those following Tyler Technologies, the next big milestone is the October 28 earnings date. While the $460.00 price target from DA Davidson shows confidence in the company's trajectory, analyst ratings are opinions and price targets are estimates of where a stock might trade in the future. Additionally, these reports reflect the analyst's view at the time of the rating and may not account for more recent market shifts.