Tyler Technologies TYL

Despite strong financial growth and optimistic earnings forecasts, Tyler Technologies has seen its stock plummet by over 34.6% year-to-date, currently trading around $351.61. The decline follows TCW's exit from its stake amid concerns about growth and rising risks. The company has reported a robust 55% revenue increase and expects an earnings growth rate of 8.1% for the year, supported by contracts with public agencies and a new role as the sole payment processor for Chesterfield County, Virginia. Analysts remain cautiously optimistic, suggesting a price target of approximately $445, reflecting a potential 27% upside even as the stock trades significantly below its highs from late 2021.