2020-11-05 09:06:32 TYL Tyler Technologies
11/05/20 11/0509:06 11/05/2009:06 | Tyler Technologies price target lowered to $280 from $380 at NeedhamNeedham analyst Scott Berg lowered the firm's price target on Tyler Technologies to $280 from $380 but keeps a Buy rating on the shares. The company's Q3 revenue topped expectations thanks to its improving Subscription revenue growth, but its implied Q4 revenue missed consensus as more of its customers in the sales pipeline shift deal activity into 2021, the analyst tells investors in a research note. Berg adds that uncertainty in spending remains an issue for local governments impacted by COVID-19, and he sees no meaningful improvement until a vaccine is released. |
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