
Tyler Technologies (TYL) Stock Forecast & Price Target
Tyler Technologies (TYL) Analyst Ratings
Bulls say
Tyler Technologies is well positioned by its deep entrenchment in mission-critical local government workflows, where sticky products like Munis, Odyssey, and payments benefit from a durable funding base, minimal federal exposure, and a fragmented market that is still modernizing. Growth should remain resilient as cloud migration drives SaaS revenue above 20% growth, recurring revenue reaches 87% in 2025, and free cash flow rises from $316M in 2021 to $621M in 2025, while management sees a path to $3.6B-$3.8B of revenue and 90% recurring mix by 2030. The outlook is further supported by attractive valuation around 5.2x EV/NTM revenue and 6.0x EV/NTM recurring revenue, plus emerging AI and transaction cross-sell opportunities that can expand margins and deepen customer lock-in.
Bears say
Tyler Technologies is vulnerable to slower SaaS migration, since its thesis depends on accelerating cloud adoption and migration activity peaking in the 2027-2029 timeframe, yet budget constraints, implementation friction, or customer hesitancy could prevent it from reaching its 2026 targets or 2030 revenue goals. It also faces state and local government funding pressure tied to tax receipts, with federal direct and pass-through funding potentially accounting for up to 10% of local revenue sources, while weaker economy or AI-enabled entrants could prolong sales cycles, intensify competition, and compress margins. The legacy mix is deteriorating as maintenance and support revenue fell from $474M in 2021 to $446M in 2025 and software licenses and royalties dropped from $74M to $12.8M, signaling shrinking on-prem economics before SaaS has fully offset the decline.
This aggregate rating is based on analysts' research of Tyler Technologies and is not a guaranteed prediction by Public.com or investment advice.
Tyler Technologies (TYL) Analyst Forecast & Price Prediction
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Tyler Technologies (TYL) Analyst Forecast & Price Prediction
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