TYL Tyler Technologies, Inc.

Piper Sandler transferred coverage of three industrial software companies with Overweight ratings, describing them as high-quality businesses positioned to withstand current market challenges. The firm sees a growing divide between software winners and losers, with these companies benefiting from mission-critical workflows, industry expertise and proprietary data that may provide some protection from disruption. Piper Sandler assigned Tyler Technologies a $450 price target and an Overweight rating. The company supports critical public-sector workflows across courts and justice, public safety, local government and education. Its software is deeply embedded in regulatory and administrative processes where reliability, compliance, security and long-term customer relationships are priorities. Piper Sandler highlighted Tyler's broad and fragmented customer base, ongoing cloud migration. $TYL