That’s why Tyler Technologies (TYL) is a strong growth stock

It doesn’t matter how old you are or how much experience you have: making the most of the stock market’s opportunities and investing confidently are the common goals of all investors.

Many investors also have a tried-and-true method that helps them make their buying and selling decisions. One way to find winning stocks based on your preferred investment method is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely used investment types: value, growth and momentum.

Why this growth stock should be on your watchlist

Unlike value or momentum investors, growth investors are interested in a stock’s future prospects as well as the overall financial health and strength of a company. Therefore, they should focus on the Growth Style Score, which analyzes characteristics such as forecast and historical earnings, revenue and cash flow to find stocks that will experience 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 has a Growth Style Score of A and a VGM Score of B and carries a Zacks Rank #3 (Hold). Earnings are expected to increase 17.8% year-over-year through 2024, while Wall Street expects revenue to improve 8.8%.

Two analysts have upgraded their earnings estimates for fiscal year 2024 in the past 60 days, while the Zacks Consensus Estimate increased by $0.04 to $9.19 per share. TYL also has an average earnings surprise of 6.7%.

Tyler Technologies has historically achieved cash flow growth of 14.6% and is expected to report cash flow growth of 0.2% this year.

Given its solid Zacks Rank rating, notable growth metrics, and impressive Growth and VGM Style Scores, investors should take the time to consider TYL for their portfolio.

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