Jim Cramer on Tyler Technologies: "Let's Hold Off"

Tyler Technologies, Inc. (NYSE:TYL) is one of the stocks highlighted as Jim Cramer responded to questions from Harvard Business School students. A student asked Cramer’s outlook on the stock. In response, he said:

“You know, this is, you know, you’re in that sweet spot for the bears. It’s too hard. It’s just too hard. Everyone’s taking shots at them, and it’s still got a 40 PE. Let’s hold off, okay?”

Tyler Technologies, Inc. (NYSE:TYL) develops software and technology solutions for the public sector. The company covers administration, public safety, education, and health services. Cramer mentioned the company during the last week of April as he discussed the best-performing stocks of the last 2 decades. He remarked:

“In 12th place is Tyler Technologies, up 7,197%. Now here we go again. These guys provide all sorts of software products for public sector customers, think enterprise resource planning, productivity tools, data platforms, cybersecurity solutions, and much, much more.

Now these guys now dominate the public sector software space, they have for a couple years now. A very durable business, company just reported a beat and raise quarter last week. But because their bookings were a little soft, the stock pulled back a bit. I think it could be an excellent buying opportunity.”

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.