William Blair Maintains a Buy on Tyler Technologies (TYL)

​Tyler Technologies, Inc. (NYSE:TYL) is one of the Best Beaten Down Growth Stocks to Buy According to Analysts. On October 30, Jonathan Ho from William Blair maintained a Buy rating on ​Tyler Technologies, Inc. (NYSE:TYL) without disclosing any price targets. The rating follows the company’s fiscal third-quarter results released on October 29.

​Tyler Technologies, Inc. (NYSE:TYL) topped EPS and revenue estimates by $0.11 and $1.53 million, respectively. Analyst Ho highlighted the company’s solid financial performance, driven by a substantial increase in subscription and SaaS revenue.

Ho also likes management’s optimistic full-year guidance of revenues in the range of $2.335 billion to $2.360 billion and GAAP diluted EPS in the range of $7.28 to $7.48. He highlighted that Tyler Technologies, Inc. (NYSE:TYL) is focused on cloud adoption and AI initiatives. This, topped with its revenue mix, enables the company to offer a predictable revenue model and improved margins.

​Tyler Technologies, Inc. (NYSE:TYL) provides integrated software and technology solutions tailored for the public sector.

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Disclosure: None. This article is originally published at Insider Monkey.