
Tyler Technologies (TYL) Stock Forecast & Price Target
Tyler Technologies (TYL) Analyst Ratings
Bulls say
Tyler Technologies is well positioned by its entrenched role as the system of record for mission-critical local government workflows, where sticky contracts, high switching costs, and a durable funding base supported by property taxes help insulate demand even in tighter budget environments. Strong execution is visible in 20%+ SaaS bookings growth, more than $30M of ARR from recent motor vehicle wins, and free cash flow rising from $316M in 2021 to $621M in 2025, while the company targets $3.6B-$3.7B of revenue and over 90% recurring revenue by 2030. The outlook is further strengthened by an emerging AI opportunity, with about 25 agents expected by year-end and management already seeing monetization through add-on SKUs and outcome-based pricing, alongside over 5% of shares repurchased YTD for $755M.
Bears say
Tyler Technologies is facing a deteriorating fundamental setup because its public-sector customer base is entering a tighter budget environment, with 55% of city finance officers expecting worse budget balance in 2026 and local revenue growth already moderating after the 2021 surge. Growth also depends on sustained SaaS migration, yet maintenance and support revenue fell from $474M in 2021 to $446M in 2025 while software licenses and royalties dropped from $74M to $12.8M, signaling fading legacy demand and execution risk if migrations slow. At the same time, AI disruption, fragmented acquired codebases from 17 acquisitions since 2020, and potential customer churn in transactions could weaken Tyler’s moat and limit its ability to sustain above-20% SaaS growth.
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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