DA Davidson reiterates Tyler Tech stock Buy rating on bookings growth

DA Davidson has reiterated a Buy rating and a $460.00 price target for Tyler Technologies (NYSE:TYL) following the company's Q2 results, citing strong bookings growth. Despite earnings slightly missing expectations, revenue matched forecasts, and the company increased its Non-GAAP EPS guidance midpoint due to share repurchases. InvestingPro analysis indicates the stock is undervalued, reinforcing the positive outlook from DA Davidson, even as other analysts have adjusted price targets.