Tyler Technologies (TYL) Plunges 7.84% in Two Days Despite Strong Q1 Earnings
1min read Tyler Technologies (TYL) shares fell 1.10% today, marking the second consecutive day of decline, with a total drop of 7.84% over the past two days. The stock price hit its lowest level since July 2024, experiencing an intraday decline of 3.18%.
Tyler Technologies reported robust Q1 2025 financial results, with revenue growing by 10% and net income surging by 49.6%. Despite these impressive figures, the stock faced a significant decline of 6.81% on April 25, 2025. This unexpected drop suggests that investors may be focusing on other factors beyond the company's strong financial performance.
Analysts from Baird and barclays have recently adjusted their price targets for tyler technologies. Baird lowered its target from $785 to $700, while Barclays reduced its target from $700 to $695. These adjustments reflect a more cautious outlook on the stock's future prospects, which could be contributing to the recent downward trend in the stock price.
