Goldman Sachs cuts Tyler Technologies price target to $345 and downgrades rating to Neutral
Goldman Sachs analyst Adam Hotchkiss downgraded Tyler Technologies (TYL) from Buy to Neutral on October 8, 2026. The firm lowered its 12‑month price target from $395 to $345, citing limited visibility on the next growth catalyst. The downgrade coincided with Tyler announcing a $260 million share‑repurchase program that will run through October 29, 2026.
Why it matters
Goldman Sachs’ reduced target signals a more modest upside outlook, which may weigh on the stock’s price in the near term (the company notes the downgrade reflects about 4% upside to the new target). The share‑repurchase plan could provide price support by returning cash to shareholders, according to the company’s announcement.
Key facts
- 1Goldman Sachs downgraded Tyler Technologies to Neutral from Buy. marketscreener.com
- 2The new price target is $345, down from the previous $395 target. investing.com
- 3Tyler Technologies’ stock was trading at $332.34. investing.com
- 4The company’s market capitalization is $13.61 billion. investing.com
- 5Tyler announced a $260 million share repurchase plan scheduled to end by October 29, 2026. investing.com
- 6Second‑quarter bookings grew 13% year‑over‑year to $715 million. investing.com
Summary written by AlphAI from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.