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Open Text - OTEX Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $35.55
  • Forecasted Upside: 28.18%
  • Number of Analysts: 12
  • Breakdown:
  • 0 Sell Ratings
  • 9 Hold Ratings
  • 3 Buy Ratings
  • 0 Strong Buy Ratings
$27.73 As of 12/23/2024 10:52 AM ET
▲ +0.13 (0.47%)

This chart shows the closing price for OTEX by one month, three months, or twelve months.

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Analyst Price Target for OTEX

Analyst Price Target is $35.55
▲ +28.18% Upside Potential
This price target is based on 12 analysts offering 12 month price targets for Open Text in the last 3 months. The average price target is $35.55, with a high forecast of $48.00 and a low forecast of $32.00. The average price target represents a 28.18% upside from the last price of $27.73.

This chart shows the closing price for OTEX for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Hold

The current consensus among 12 polled investment analysts is to hold stock in Open Text. This rating has held steady since April 2024, when it changed from a Moderate Buy consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 3 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
7/1/2023
  • 0 strong buy ratings
  • 3 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
9/29/2023
  • 0 strong buy ratings
  • 3 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
12/28/2023
  • 0 strong buy ratings
  • 4 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
3/27/2024
  • 0 strong buy ratings
  • 5 buy ratings
  • 6 hold ratings
  • 0 sell ratings
Ratings as of
6/25/2024
  • 0 strong buy ratings
  • 4 buy ratings
  • 8 hold ratings
  • 0 sell ratings
Ratings as of
9/23/2024
  • 0 strong buy ratings
  • 3 buy ratings
  • 8 hold ratings
  • 0 sell ratings
Ratings as of
11/22/2024
  • 0 strong buy ratings
  • 3 buy ratings
  • 9 hold ratings
  • 0 sell ratings
Ratings as of
12/22/2024

Latest Recommendations

  • 0 strong buy ratings
  • 3 buy ratings
  • 9 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
12/17/2024UBS GroupInitiated CoverageNeutral$32.00
11/1/2024TD SecuritiesLower TargetBuy$40.00 ➝ $38.00
11/1/2024CitigroupLower TargetNeutral$34.00 ➝ $33.00
11/1/2024BarclaysLower TargetEqual Weight ➝ Equal Weight$36.00 ➝ $34.00
11/1/2024BMO Capital MarketsLower TargetMarket Perform ➝ Market Perform$33.00 ➝ $32.00
11/1/2024ScotiabankLower TargetSector Perform ➝ Sector Perform$40.00 ➝ $35.00
11/1/2024Royal Bank of CanadaDowngradeOutperform ➝ Sector Perform$45.00 ➝ $33.00
9/25/2024CitigroupBoost TargetNeutral ➝ Neutral$32.00 ➝ $34.00
8/5/2024BarclaysLower TargetEqual Weight ➝ Equal Weight$38.00 ➝ $36.00
8/2/2024Jefferies Financial GroupLower TargetBuy$42.00 ➝ $35.00
8/2/2024BMO Capital MarketsLower TargetMarket Perform$38.00 ➝ $33.00
8/2/2024National BanksharesDowngradeOutperform ➝ Sector Perform$38.00
8/2/2024National Bank FinancialDowngradeOutperform ➝ Sector Perform
7/19/2024CIBCLower TargetNeutral ➝ Neutral$36.00 ➝ $33.00
6/26/2024CitigroupLower TargetNeutral ➝ Neutral$37.00 ➝ $32.00
6/21/2024CIBCLower TargetNeutral ➝ Neutral$38.50 ➝ $36.00
5/3/2024ScotiabankReiterated RatingSector Outperform ➝ Sector Perform
5/3/2024Jefferies Financial GroupLower TargetBuy$45.00 ➝ $42.00
5/3/2024Raymond JamesLower TargetOutperform$55.00 ➝ $48.00
5/3/2024CIBCLower TargetNeutral$44.00 ➝ $38.50
5/3/2024TD SecuritiesLower TargetBuy$54.00 ➝ $40.00
5/3/2024CitigroupLower TargetNeutral$42.00 ➝ $37.00
5/3/2024National BanksharesLower TargetOutperform$60.00 ➝ $50.00
5/3/2024BarclaysLower TargetEqual Weight ➝ Equal Weight$44.00 ➝ $38.00
5/3/2024BMO Capital MarketsDowngradeOutperform ➝ Market Perform$50.00 ➝ $38.00
3/22/2024CitigroupLower TargetNeutral ➝ Neutral$44.00 ➝ $42.00
2/27/2024Jefferies Financial GroupInitiated CoverageBuy$45.00
2/2/2024TD SecuritiesBoost TargetBuy$53.00 ➝ $54.00
2/2/2024BMO Capital MarketsBoost TargetOutperform$48.00 ➝ $50.00
2/2/2024CitigroupBoost TargetNeutral$38.00 ➝ $44.00
2/2/2024Royal Bank of CanadaReiterated RatingOutperform ➝ Outperform$53.00
1/11/2024CIBCBoost TargetNeutral$42.00 ➝ $44.00
12/1/2023BarclaysBoost TargetEqual Weight$40.00 ➝ $44.00
11/30/2023Royal Bank of CanadaBoost TargetOutperform ➝ Outperform$50.00 ➝ $53.00
11/29/2023TD SecuritiesBoost TargetBuy$52.00 ➝ $53.00
11/29/2023BMO Capital MarketsBoost TargetOutperform ➝ Outperform$45.00 ➝ $48.00
10/17/2023BMO Capital MarketsLower TargetOutperform ➝ Outperform$50.00 ➝ $45.00
10/16/2023Stifel NicolausLower TargetNeutral$44.00 ➝ $38.00
10/16/2023CitigroupLower TargetNeutral ➝ Neutral$44.00 ➝ $38.00
10/12/2023BarclaysLower TargetEqual Weight ➝ Equal Weight$44.00 ➝ $40.00
8/7/2023BMO Capital MarketsBoost TargetOutperform$48.00 ➝ $50.00
8/4/2023CIBCBoost TargetNeutral$41.00 ➝ $42.00
8/4/2023BarclaysBoost TargetEqual Weight ➝ Equal Weight$43.00 ➝ $44.00
8/1/2023BMO Capital MarketsBoost TargetOutperform ➝ Outperform$43.00 ➝ $48.00
6/21/2023CitigroupBoost Target$41.00 ➝ $44.00
5/5/2023TD SecuritiesBoost TargetBuy$50.00 ➝ $52.00
5/5/2023BarclaysBoost Target$41.00 ➝ $43.00
3/22/2023BarclaysInitiated CoverageEqual Weight ➝ Equal Weight
2/6/2023CitigroupBoost TargetNeutral$33.00 ➝ $35.00
11/4/2022Raymond JamesLower TargetOutperform$53.00 ➝ $48.00
11/4/2022TD SecuritiesLower TargetBuy$48.00 ➝ $40.00
11/4/2022BMO Capital MarketsLower TargetOutperform$43.00 ➝ $34.00
11/4/2022CitigroupLower Target$34.00 ➝ $30.00
9/1/2022CitigroupInitiated CoverageNeutral$34.00
8/26/2022BMO Capital MarketsLower TargetOutperform$46.00 ➝ $43.00
8/26/2022Raymond JamesLower TargetOutperform$55.00 ➝ $53.00
8/26/2022CIBCDowngradeSector Outperform ➝ Neutral$51.00 ➝ $44.00
8/5/2022Raymond JamesLower TargetOutperform$60.00 ➝ $55.00
8/5/2022TD SecuritiesLower TargetBuy$50.00 ➝ $48.00
6/17/2022National BanksharesReiterated RatingBuy$60.00
5/5/2022TD SecuritiesLower TargetBuy$58.00 ➝ $50.00
5/5/2022Royal Bank of CanadaLower TargetOutperform$62.00 ➝ $52.00
5/5/2022Raymond JamesSet TargetOutperform$60.00
2/4/2022BMO Capital MarketsLower TargetC$58.00 ➝ C$53.00
2/4/2022Raymond JamesLower TargetOutperform$63.00 ➝ $60.00
1/25/2022Raymond JamesSet TargetOutperform$63.00
1/12/2022BarclaysLower Target$58.00 ➝ $50.00
11/5/2021Raymond JamesReiterated RatingOutperform
8/6/2021Raymond JamesBoost TargetOutperform$59.00 ➝ $63.00
8/6/2021TD SecuritiesBoost TargetBuy$57.00 ➝ $58.00
8/6/2021Royal Bank of CanadaBoost TargetOutperform$60.00 ➝ $62.00
8/6/2021BarclaysBoost TargetEqual Weight$56.00 ➝ $57.00
7/19/2021Raymond JamesSet TargetOutperform$59.00
6/30/2021BarclaysDowngradeOverweight ➝ Equal Weight$56.00
5/7/2021Raymond JamesSet TargetOutperform$59.00
4/20/2021Raymond JamesBoost TargetOutperform$55.00 ➝ $59.00
2/5/2021Raymond JamesBoost TargetOutperform$49.00 ➝ $55.00
2/5/2021National Bank FinancialBoost TargetOutperform$55.00 ➝ $60.00
2/5/2021Royal Bank of CanadaBoost TargetOutperform$53.00 ➝ $60.00
2/5/2021TD SecuritiesBoost TargetBuy$52.00 ➝ $55.00
2/5/2021BarclaysBoost TargetOverweight$51.00 ➝ $55.00
12/23/2020Raymond JamesSet TargetOutperform$49.00
11/6/2020Raymond JamesSet TargetOutperform$49.00
10/20/2020Raymond JamesSet TargetOutperform$49.00
8/10/2020Veritas Investment ResearchDowngradeBuy ➝ Sell
8/10/2020CitigroupBoost TargetNeutral$41.00 ➝ $47.00
8/7/2020Raymond JamesBoost TargetOutperform$45.00 ➝ $49.00
8/7/2020National Bank FinancialBoost TargetOutperform$54.00 ➝ $55.00
8/7/2020TD SecuritiesBoost TargetBuy$47.00 ➝ $52.00
8/7/2020BMO Capital MarketsBoost Target$44.00 ➝ $54.00
8/5/2020Pi FinancialReiterated RatingNeutral
7/30/2020Beacon SecuritiesDowngradeBuy ➝ Hold
7/21/2020National Bank FinancialBoost TargetOutperform$40.00 ➝ $50.00
7/20/2020BarclaysBoost TargetOverweight$44.00 ➝ $50.00
5/1/2020Raymond JamesSet TargetOutperform$45.00
5/1/2020BMO Capital MarketsReiterated RatingOutperform$61.00
4/29/2020Pi FinancialReiterated RatingHold$58.00
4/29/2020TD SecuritiesLower TargetBuy$52.00 ➝ $45.00
4/29/2020BMO Capital MarketsLower TargetBuy$51.00 ➝ $41.00
4/27/2020Royal Bank of CanadaLower TargetReduce ➝ Outperform$54.00 ➝ $45.00
4/22/2020Raymond JamesLower TargetOutperform$54.00 ➝ $45.00
4/9/2020National Bank FinancialLower TargetOutperform$55.00 ➝ $45.00
3/10/2020Pi FinancialUpgradeSell ➝ Neutral$44.00
1/31/2020TD SecuritiesBoost TargetBuy$50.00 ➝ $52.00
1/31/2020National Bank FinancialBoost TargetOutperform$50.00 ➝ $55.00
1/31/2020Raymond JamesReiterated RatingOutperform$54.00
1/31/2020Royal Bank of CanadaBoost TargetOutperform$50.00 ➝ $54.00
1/24/2020CitigroupBoost TargetNeutral$43.00 ➝ $48.00
(Data available from 12/23/2019 forward)

News Sentiment Rating

0.99 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 15 very positive mentions
  • 17 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
Mentions as of
5/27/2024
  • 13 very positive mentions
  • 5 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
Mentions as of
6/26/2024
  • 14 very positive mentions
  • 11 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
7/26/2024
  • 4 very positive mentions
  • 11 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
Mentions as of
8/25/2024
  • 16 very positive mentions
  • 9 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
9/24/2024
  • 12 very positive mentions
  • 12 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
10/24/2024
  • 13 very positive mentions
  • 18 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
11/23/2024
  • 17 very positive mentions
  • 10 positive mentions
  • 1 negative mentions
  • 1 very negative mentions
Mentions as of
12/23/2024

Current Sentiment

  • 17 very positive mentions
  • 10 positive mentions
  • 1 negative mentions
  • 1 very negative mentions

Recent Stories by Sentiment

Very Negative

Negative

Positive

Very Positive

Open Text logo
Open Text Corporation provides information management software and solutions. The company offers content services, which includes content collaboration and intelligent capture to records management, collaboration, e-signatures, and archiving; and operates experience cloud platform that provides customer experience and web content management, digital asset management, customer analytics, AI and insights, e-discovery, digital fax, omnichannel communications, secure messaging, and voice of customer, as well as customer journey, testing, and segmentation. It also provides cybersecurity cloud solutions to protect, prevent, detect, respond and quickly recover from threats across endpoints, network, applications, IT infrastructure and data, AI-led threat intelligence; and to protect critical information and processes through threat intelligence, forensics, identity, encryption, and cloud-based application security. In addition, the company offers business network cloud for digital supply chains and secure e-commerce ecosystems including digitize and automate procure-to-pay and order-to-cash processes; IT operations management cloud for automation and advancement of IT support and asset management; and analytics & AI cloud solutions that offers artificial intelligence with practical usage to provide organizations with actionable insights and better automation, such as visualizations, advanced natural language processing and understanding, and integrated computer vision capabilities. In addition, it provides application automation cloud, developers cloud, and services. Further, it has strategic partnerships with SAP SE, Google Cloud, Amazon AWS, Microsoft Corporation, Oracle Corporation, Salesforce.com Corporation, DXC Technology Company, Accenture plc, Capgemini Technology Services SAS, Deloitte Consulting LLP, Hewlett Packard Enterprises, and Tata Consultancy Services. Open Text Corporation was incorporated in 1991 and is headquartered in Waterloo, Canada.
Read More

Today's Range

Now: $27.73
Low: $27.31
High: $27.77

50 Day Range

MA: $30.63
Low: $27.37
High: $34.04

52 Week Range

Now: $27.73
Low: $27.05
High: $45.47

Volume

68,474 shs

Average Volume

649,942 shs

Market Capitalization

$7.37 billion

P/E Ratio

16.03

Dividend Yield

3.83%

Beta

1.11

Frequently Asked Questions

What sell-side analysts currently cover shares of Open Text?

The following Wall Street analysts have issued stock ratings on Open Text in the last twelve months: Barclays PLC, BMO Capital Markets, CIBC, Citigroup Inc., Jefferies Financial Group Inc., National Bank Financial, National Bankshares, Inc., Raymond James, Royal Bank of Canada, Scotiabank, StockNews.com, TD Securities, and UBS Group AG.
View the latest analyst ratings for OTEX.

What is the current price target for Open Text?

0 Wall Street analysts have set twelve-month price targets for Open Text in the last year. Their average twelve-month price target is $35.55, suggesting a possible upside of 28.8%. Raymond James has the highest price target set, predicting OTEX will reach $48.00 in the next twelve months. UBS Group AG has the lowest price target set, forecasting a price of $32.00 for Open Text in the next year.
View the latest price targets for OTEX.

What is the current consensus analyst rating for Open Text?

Open Text currently has 9 hold ratings and 3 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in OTEX, but not buy more shares or sell existing shares.
View the latest ratings for OTEX.

What other companies compete with Open Text?

Other companies that are similar to Open Text include Baidu, Zscaler, Samsara, Zoom Video Communications and PTC. Learn More about companies similar to Open Text.

How do I contact Open Text's investor relations team?

Open Text's physical mailing address is 275 FRANK TOMPA DRIVE, WATERLOO A6, N2L 0A1. The software maker's listed phone number is (519) 888-7111 and its investor relations email address is [email protected]. The official website for Open Text is www.opentext.com. Learn More about contacing Open Text investor relations.