Yahoo Finance Here's Why Tyler Technologies (TYL) is a Strong Growth Stock
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.
Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.
Why This 1 Growth Stock Should Be On Your Watchlist
Different than value or momentum investors, growth-oriented investors are concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, they'll want to focus on the Growth Style Score, which analyzes characteristics like projected and historical earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Tyler Technologies (TYL)
Tyler Technologies is a leading provider of integrated information-management solutions and services for the public sector.
TYL boasts a Growth Style Score of A and VGM Score of B, and holds a Zacks Rank #3 (Hold) rating. Its bottom-line is projected to rise 17.8% year-over-year for 2024, while Wall Street anticipates its top line to improve by 8.8%.
Two analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.04 to $9.19 per share. TYL also boasts an average earnings surprise of 6.7%.
On a historic basis, Tyler Technologies has generated cash flow growth of 14.6%, and is expected to report cash flow expansion of 0.2% this year.
Investors should take the time to consider TYL for their portfolios due to its solid Zacks Rank rating, notable growth metrics, and impressive Growth and VGM Style Scores.
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Tyler Technologies, Inc. (TYL) : Free Stock Analysis Report
