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.

While we acknowledge the potential of TYL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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