TD Cowen cuts Tyler Tech stock price target on bookings concerns

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TD Cowen has lowered its price target for Tyler Technologies (NYSE:TYL) to $450 from $500, while maintaining a Buy rating, due to ongoing concerns about bookings reacceleration ahead of the company’s Q1 earnings report. Despite downwards earnings revisions from analysts, InvestingPro suggests the stock may be undervalued. Tyler Technologies has also recently acquired For The Record for $212.5 million, enhancing its AI capabilities and contributing to SaaS growth.

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