Tyler Technologies (TYL) stock trades at $278.91 as of June 18, 2026 — pinned near a 52-week low and down roughly 55% from its 2024 peak — and we rate TYL stock price a Buy, with the risk/reward now firmly favouring the bulls. The market has punished a high-quality, recurring-revenue government software franchise for the sin of decelerating from blistering growth to merely steady growth, and that gap between price and fundamentals is the opportunity. Wall Street’s average price target of roughly $443 implies almost 59% upside, and the consensus rating is a clear Buy. This TYL stock price analysis lays out the numbers, the bullish and bearish analyst opinions, named analyst targets, and where the stock can go from here.
Key Takeaways on TYL Stock
- Price and verdict: TYL stock is $278.91 (June 18, 2026); we rate it a Buy as risk/reward favours the bulls at a 52-week low.
- The key stat: Shares have fallen ~55% from a $621.34 high, compressing the P/E from the 60–70x range to roughly 38x trailing — a rare discount for this name.
- Bull case: 87.8% recurring revenue, SaaS up 23.5% year over year, free cash flow more than doubling, and a multi-year cloud migration still in early innings.
- Bear case: Revenue growth has slowed to roughly 8–9% from a 15% five-year pace, the AI revenue ramp is “still TBD,” and the stock is not statistically cheap on absolute multiples.
- Analyst view: Consensus Buy (18 Buy / 4 Hold / 0 Sell) with an average target near $443 — about 59% above the current TYL stock price.
TYL Key Stock Data
| Metric | Value |
|---|---|
| Current Price | $278.91 (June 18, 2026) |
| 52-Week Range | $274.09 – $621.34 |
| Market Cap | ~$12.3 billion |
| P/E Ratio (TTM) | ~38.5x (GAAP); ~22x forward (non-GAAP) |
| EPS (TTM) | $7.24 (GAAP) |
| Analyst Consensus | Buy (18 Buy / 4 Hold / 0 Sell) |
| Average Price Target | $443.48 (~59% upside) |
Table of Contents
- Key Takeaways on TYL Stock
- TYL Key Stock Data
- What Is Tyler Technologies (TYL)?
- Why TYL Stock Fell 55% From Its Highs
- TYL Stock Valuation Analysis
- Bullish and Bearish Analyst Opinions on Tyler Technologies
- TYL Stock Analyst Price Targets and Ratings
- Tyler Technologies Latest News — June 2026
- How to Trade TYL Stock via MEXC
- TYL Stock FAQs
What Is Tyler Technologies (TYL)?
Tyler Technologies is the dominant software provider to U.S. state and local government. The company builds and operates the unglamorous but mission-critical systems that run courts, public safety dispatch, property tax assessment, permitting, payments, school administration, and municipal finance. If you have paid a parking ticket online, filed a court document, or renewed a permit through a county portal, there is a meaningful chance Tyler software sat behind it. That embedded position is the heart of the TYL stock investment case: government contracts are long, sticky, and rarely re-bid, which produces some of the most predictable revenue in all of software.
The financial profile reflects that durability. In fiscal 2025, Tyler generated $2.33 billion in revenue, up 9.1% year over year, with earnings of $315.6 million, up about 20%. Recurring revenue — subscriptions, maintenance, and transaction-based payments — now represents 87.8% of the total, supported by annualized recurring revenue of roughly $2.15 billion. The current chapter of the story is the migration of legacy on-premise clients to Tyler’s cloud platform, a transition management aims to take to 80–85% of on-premise customers by 2030, with peak conversion years between 2027 and 2029. Layered on top is a payments and “transactions” business that turns routine government interactions into higher-margin, fee-based revenue. Unlike richly valued AI software names such as Palantir stock price or broad enterprise platforms like Salesforce stock price, Tyler is a focused vertical-software compounder with a moat built on switching costs rather than hype.
Why TYL Stock Fell 55% From Its Highs
The decline in TYL stock is a story of multiple compression, not business deterioration. At its 2024 peak above $621, Tyler traded at roughly 60–70x earnings — a premium that priced in mid-teens growth indefinitely. The unwind began when management guided to about 8% sales growth for 2026, a sharp step down from the roughly 15% annualized pace of the prior five years. Q4 2025 sales and adjusted net income grew 6% and 8% respectively, both short of Wall Street’s consensus, and that confirmation of deceleration is what broke the multiple.
From there, a few additional pressures compounded the slide. Investors rotated capital toward faster-growing AI and semiconductor names, leaving steady-but-slower compounders out of favour. In May 2026, Tyler priced an upsized $1.25 billion 0.50% convertible senior notes offering due 2031, and shares fell 4.6% to $309.65 on the dilution and balance-sheet headlines. By mid-June, TYL stock had set a fresh 52-week low near $274, down about 31.6% year to date and roughly 48.6% on a one-year total-return basis. The result: a franchise with 87.8% recurring revenue now trades at its lowest valuation in years. For long-term investors, the question is whether 8–9% growth from a near-monopoly franchise deserves a 38x trailing multiple — and increasingly, the answer looks like yes. TYL stock has fallen far enough that the bar to beat expectations is now low.
TYL Stock Valuation Analysis
Valuation is where the bull case for TYL stock gets its teeth. On trailing GAAP EPS of $7.24, the stock trades around 38.5x earnings — high in absolute terms, but roughly half the multiple Tyler commanded at its peak. More relevant for a software business mid-transition is the forward multiple: against fiscal 2026 non-GAAP EPS guidance of $12.50–$12.75, TYL stock trades at roughly 22x forward earnings, a level that is undemanding for a company with this recurring-revenue quality and cash generation.
| Valuation Metric | TYL Value | Context |
|---|---|---|
| P/E (TTM, GAAP) | ~38.5x | Down from 60–70x at the peak |
| Forward P/E (non-GAAP) | ~22x | On $12.50–$12.75 FY26 EPS guide |
| Price/Sales | ~5.3x | On ~$2.33B trailing revenue |
| Recurring revenue mix | 87.8% | High-visibility, sticky base |
| FCF margin (Q1 2026) | 16.8% | Free cash flow more than doubled |
The cash flow trend matters most. In Q1 2026, free cash flow more than doubled to $102.8 million, lifting the free cash flow margin to 16.8%, while SaaS revenue jumped 23.5% to $222.4 million. A business converting roughly a fifth of revenue to free cash, growing its highest-margin segment at 20%-plus, and trading at 22x forward earnings is not expensive — it is reasonably priced for durable mid-cycle growth. The valuation reset has done the hard work; the TYL stock thesis no longer requires heroic assumptions to generate attractive returns.
It is worth putting that multiple in peer context. Mature, cash-rich enterprise software franchises such as Oracle stock price have historically traded in the low-20s on forward earnings during steady-growth phases — and Oracle’s core database business grows slower than Tyler’s SaaS line. Paying ~22x forward for a company expanding its highest-margin revenue at north of 20%, with near-monopoly positioning in its niche, screens as fair-to-cheap rather than stretched. The bear’s strongest point is the trailing GAAP multiple of ~38x, but that figure is depressed by transition-era amortization and stock-based compensation; the forward cash-based view is the more honest lens for a business mid-migration. On that basis, TYL stock offers growth-at-a-reasonable-price characteristics that were simply unavailable when the stock changed hands above $600.
Bullish and Bearish Analyst Opinions on Tyler Technologies
The debate over TYL stock comes down to a single tension: a best-in-class franchise versus a maturing growth rate. The bullish and bearish analyst opinions below frame the factors that matter most for the next 12 months.
| Factor | Bull View | Bear View |
|---|---|---|
| Recurring revenue | 87.8% of total; among the stickiest in software | Even sticky revenue cannot offset a falling growth rate |
| Cloud transition | 80–85% migration runway through 2030 fuels SaaS at 20%+ | Migration timing is lumpy and partly cannibalizes licenses |
| AI and payments | New Chief AI and Transactions officers can unlock high-margin upside | Management calls the AI ramp “slower” and “still TBD” |
| Valuation | ~22x forward EPS is the cheapest in years | ~38x trailing is not absolutely cheap if growth stays ~8% |
| Capital allocation | $1B buyback authorization; new $150M 10b5-1 plan | $1.25B convertible adds leverage and potential dilution |
Bulls argue that Tyler’s deep entrenchment in state and local government is a structural asset that supports years of software, payments, and services demand as agencies modernize. They view the company as a top pick within vertical software, citing scale and pricing power as drivers of margin expansion and long-term free cash flow. The most optimistic models see SaaS revenue growth in the 20.5–22.5% range for 2026 and annual contract value rising sharply, with AI as a future kicker rather than a current crutch.
Bears counter that the consensus target has already been cut hard across the Street — reductions ranging from $50 to over $300 per share — as firms recalibrate for slower government software spending and a fuller valuation. One DCF-based view flags TYL stock as meaningfully overvalued at certain assumptions, and skeptics worry that payment-contract concentration could weigh on results. The honest read: both sides are right about something, but at a 52-week low and 22x forward earnings, the bullish case carries more weight than it did at $600.
TYL Stock Analyst Price Targets and Ratings
The analyst community is decisively constructive on TYL stock. Across roughly 21–22 covering analysts, the consensus rating is Buy, with 18 rating it Buy, 4 Hold, and none at Sell. The average 12-month price target sits near $443.48 — about 59% above the current price — with a high estimate of $650 and a low of $335. Even the most cautious target on the Street implies the stock is not expensive at today’s levels.
- Baird: raised its TYL price target to $455, citing the durability of the recurring base and cloud momentum.
- Barclays (Saket Kalia): lifted its target to $425, pointing to transaction-revenue strength and the FY26 guidance raise.
- Oppenheimer: maintains a longer-term bull target trimmed to $600, reflecting the AI and payments optionality.
- DA Davidson: upgraded the stock as the valuation reset improved the risk/reward.
The pattern is telling. Even after multiple firms trimmed their numbers through the 2026 selloff, none flipped to a Sell, and the average target still implies substantial upside. With Tyler’s next earnings report due July 29, 2026, the setup into the print is a beaten-down quality name where expectations have already been reset lower — exactly the kind of asymmetry that defines a favourable risk/reward. We rate TYL stock a Buy.
Tyler Technologies Latest News — June 2026
Several developments shaped the TYL stock narrative heading into mid-2026. In June, Tyler expanded its executive bench by naming Franklin Williams as Chief Artificial Intelligence Officer and Ryan O’Connor as Chief Transactions Officer — a structural signal that management intends to tightly coordinate AI product innovation with the growth of its payments business. The creation of dedicated AI and transactions roles is meant to accelerate both the cloud migration and the shift toward higher-margin, fee-based revenue.
On the capital-allocation front, Tyler adopted a new Rule 10b5-1 plan to repurchase up to $150 million of stock under its existing $1 billion authorization — a vote of confidence at depressed prices. Earlier in 2026, the company closed its acquisition of For The Record on April 14 for approximately $223 million in cash, deepening its courts and justice footprint. Q1 2026 results, reported in the spring, beat expectations with record revenue of $613.5 million (up 8.6%) and non-GAAP EPS of $3.09 (up 11.2%), prompting management to raise full-year guidance. Tyler also lifted its 2030 targets for recurring revenue, margins, and free cash flow after exceeding its 2025 goals — a quietly bullish update for a stock trading as if growth had stalled. Software peers such as ServiceNow stock price and Microsoft stock price have benefited from the same AI-in-the-enterprise tailwind that Tyler is now positioning to capture in government.
How to Trade TYL Stock via MEXC
For investors who want exposure to this turnaround, MEXC now offers a way to buy and sell Tyler Technologies shares on MEXC through its RealStocks service. This is real US equity ownership — actual TYL shares held via licensed brokers — not a tokenized or synthetic derivative. You get genuine ownership of the underlying stock, funded in USDT, without needing to open a separate US brokerage account.
The advantages are straightforward: low fees, deep liquidity, and a streamlined path to US stocks for users already holding stablecoins on the platform. Because RealStocks represents real shares, TYL trades during regular US market hours, exactly as it would through a traditional broker. For anyone building a position in a beaten-down, cash-generative government software compounder, MEXC’s RealStocks offering removes friction while preserving the substance of true equity ownership. Always size positions according to your own risk tolerance and time horizon.
TYL Stock FAQs
Is TYL stock a good buy in 2026?
For long-term investors, the setup is compelling. At $278.91 and roughly 22x forward earnings, TYL stock trades at its cheapest valuation in years despite 87.8% recurring revenue and free cash flow that more than doubled in Q1. The consensus Buy rating and ~$443 average target imply about 59% upside. The main caveat is patience — growth has slowed to 8–9%, so this is a compounder to hold, not a quick trade.
What do bullish and bearish analyst opinions say about Tyler Technologies?
It depends on the time horizon. Bulls emphasize the moat — sticky government contracts, a long cloud-migration runway, and AI/payments optionality — and point to targets as high as $650. Bears focus on the slower growth rate and a trailing P/E that is not absolutely cheap, with some DCF models flagging overvaluation. The consensus splits 18 Buy, 4 Hold, 0 Sell, which tells you the weight of opinion leans bullish.
Why did TYL stock drop so much?
The drop was driven by multiple compression rather than a broken business. When management guided to ~8% growth versus a historical ~15% pace, the market re-rated a stock that had been priced for perpetual mid-teens growth. Sector rotation into AI and semiconductor names, plus a $1.25 billion convertible offering in May, added pressure. The underlying franchise kept growing revenue and free cash flow throughout.
What is the TYL stock price target?
The average 12-month target is about $443.48, roughly 59% above the current price, with a range of $335 to $650. Recent named targets include Baird at $455 and Barclays at $425. No covering analyst currently rates the stock a Sell.
How can I buy TYL stock with crypto?
Through MEXC’s RealStocks service you can buy real Tyler Technologies shares funded in USDT, with the trade settling in actual US equity via licensed brokers during regular market hours. It is genuine ownership, not tokenized exposure, and it removes the need for a separate US brokerage account.
What is the bull case for TYL stock over the next five years?
Here’s the nuance: the five-year case rests on three compounding levers rather than a single catalyst. First, the cloud migration moves 80–85% of on-premise clients to SaaS by 2030, structurally lifting recurring revenue and gross margin. Second, the payments and transactions business converts everyday government interactions into high-margin, fee-based revenue that scales with usage rather than headcount. Third, AI tooling — now owned by a dedicated Chief AI Officer — can raise the value of each client relationship over time. Management has already raised its 2030 targets for recurring revenue, margins, and free cash flow after beating its 2025 goals, which is the kind of quiet confidence that rarely accompanies a stock trading at a 52-week low.
Is the Tyler Technologies dividend or buyback meaningful for TYL stock?
Tyler is primarily a capital-appreciation story rather than an income name, so the buyback matters more than any payout. The company carries a $1 billion repurchase authorization and adopted a new Rule 10b5-1 plan to buy back up to $150 million of stock — and repurchasing shares near multi-year lows is an efficient use of its growing free cash flow. For shareholders, that buyback support helps put a floor under TYL stock while the cloud transition plays out.
Disclaimer
This article is for informational purposes only and does not constitute financial advice or a recommendation to buy or sell securities. Past performance does not guarantee future results. Investors should conduct thorough due diligence and consult qualified financial advisors before making investment decisions.
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