Piper Sandler Names Autodesk, Tyler as Top Software Picks

Piper Sandler Highlights Top Industrial Software Stocks

Investment firm Piper Sandler has identified Tyler Technologies and Autodesk as standout opportunities in the industrial software sector. The analysis points to their resilience amid market challenges, driven by the increasing adoption of cloud solutions and artificial intelligence.

Analysis of Top Picks

Tyler Technologies (TYL)

Piper Sandler sets a $671 price target for Tyler Technologies, highlighting its undervalued position. The company is projected to increase SaaS revenue by 80% and more than double its free cash flow by 2026. Its near-zero debt signals a potential return to strategic mergers and acquisitions.

Autodesk (ADSK)

A $373 price target was assigned to Autodesk, recognizing its significant progress in applying Generative AI to architecture and manufacturing. This innovation opens possibilities for new monetization models. Autodesk continues to show durable double-digit growth despite macroeconomic headwinds.

Summary

Both companies are distinguished by strong financial trajectories and technological leadership. This positions them for sustained growth within the evolving industrial software space, according to Piper Sandler's report.

FAQ

Q: What are Piper Sandler's price targets for Tyler and Autodesk?
A: Piper Sandler's price target is $671 for Tyler Technologies and $373 for Autodesk.

Q: Why is Autodesk considered a strong performer?
A: Autodesk is noted for its advancements in Generative AI and its ability to maintain durable double-digit growth, indicating a robust business model.

Source: Investing.com