Analysts Offer Insights on Technology Companies: Tyler Technologies (TYL), Docebo (DCBO) and Stem Inc (STEM)

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Tyler Technologies (TYL – Research Report), Docebo (DCBO – Research Report) and Stem Inc (STEM – Research Report).

Tyler Technologies (TYL)

D.A. Davidson analyst Peter Heckmann maintained a Hold rating on Tyler Technologies today and set a price target of $412.00. The company’s shares closed last Friday at $416.25, close to its 52-week high of $426.83.

According to TipRanks.com, Heckmann is a 1-star analyst with an average return of -4.3% and a 38.5% success rate. Heckmann covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, I3 Verticals, and Q2 Holdings.

Tyler Technologies has an analyst consensus of Strong Buy, with a price target consensus of $468.89.

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Docebo (DCBO)

Scotiabank analyst Kevin Krishnaratne maintained a Buy rating on Docebo today and set a price target of $45.00. The company’s shares closed last Friday at $43.51, close to its 52-week high of $46.52.

According to TipRanks.com, Krishnaratne is a 2-star analyst with an average return of 0.7% and a 40.4% success rate. Krishnaratne covers the Technology sector, focusing on stocks such as Enthusiast Gaming Holdings, Nuvei Corp, and Open Text.

Docebo has an analyst consensus of Strong Buy, with a price target consensus of $48.00, a 18.5% upside from current levels. In a report released today, Stifel Nicolaus also maintained a Buy rating on the stock with a $50.00 price target.

Stem Inc (STEM)

Bank of America Securities analyst Julien Dumoulin Smith reiterated a Sell rating on Stem Inc today and set a price target of $2.50. The company’s shares closed last Friday at $3.67, close to its 52-week low of $3.00.

According to TipRanks.com, Smith is a 4-star analyst with an average return of 2.0% and a 52.1% success rate. Smith covers the Utilities sector, focusing on stocks such as Public Service Enterprise, Nextera Energy Partners, and American Electric Power.

Stem Inc has an analyst consensus of Moderate Buy, with a price target consensus of $7.02.

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Read More on TYL:

• Tyler Technologies price target raised to $510 from $475 at Truist
• Tyler Technologies price target raised to $480 from $450 at Oppenheimer
• Early notable gainers among liquid option names on November 2nd
• Tyler Technologies raises FY23 EPS view to $7.66-$7.80 from $7.60-$7.75
• Tyler Technologies reports Q3 adjusted EPS $2.14, consensus $1.99