$31.10
0.461.50%
At Close: -
$31.25
0.150.48%
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Open Text
OTEXNASDAQ
Open Text (NASDAQ:OTEX) Stock, Analyst Ratings, Price Targets, Predictions
Open Text Corp has a consensus price target of $33.57, established from looking at the 22 latest analyst ratings. The last 3 analyst ratings were released from Citigroup, CIBC, and Barclays on June 26, 2024, June 21, 2024, and May 3, 2024. With an average price target of $35.33 between Citigroup, CIBC, and Barclays, there's an implied 13.07% upside for Open Text Corp from these 3 analyst ratings.
Analyst Firms Making Recommendations1
Citigroup
CIBC
Scotiabank
Barclays
BMO Capital
1calculated from analyst ratings
Analyst Ratings for Open Text
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 06/26/2024 | Buy Now | 2.4% | Citigroup | Steven Enders | $37 → $32 | Maintains | Neutral | Get Alert |
| 06/21/2024 | Buy Now | 15.2% | CIBC | Stephanie Price | $38.5 → $36 | Maintains | Neutral | Get Alert |
| 05/03/2024 | Buy Now | — | Scotiabank | Paul Steep | — | Downgrade | Sector Outperform → Sector Perform | Get Alert |
| 05/03/2024 | Buy Now | 21.6% | Barclays | Raimo Lenschow | $44 → $38 | Maintains | Equal-Weight | Get Alert |
| 05/03/2024 | Buy Now | 21.6% | BMO Capital | Thanos Moschopoulos | $50 → $38 | Downgrade | Outperform → Market Perform | Get Alert |
| 03/22/2024 | Buy Now | 34.4% | Citigroup | Steven Enders | — | Maintains | Neutral | Get Alert |
| 02/02/2024 | Buy Now | 69.6% | RBC Capital | Paul Treiber | → $53 | Reiterates | Outperform → Outperform | Get Alert |
| 11/30/2023 | Buy Now | 69.6% | RBC Capital | Paul Treiber | $50 → $53 | Maintains | Outperform | Get Alert |
| 11/29/2023 | Buy Now | 53.6% | BMO Capital | Thanos Moschopoulos | $45 → $48 | Maintains | Outperform | Get Alert |
| 10/17/2023 | Buy Now | 44% | BMO Capital | Thanos Moschopoulos | $50 → $45 | Maintains | Outperform | Get Alert |
| 10/16/2023 | Buy Now | 21.6% | Citigroup | Steve Enders | $44 → $38 | Maintains | Neutral | Get Alert |
| 10/12/2023 | Buy Now | 28% | Barclays | Raimo Lenschow | $44 → $40 | Maintains | Equal-Weight | Get Alert |
| 08/07/2023 | Buy Now | 40.8% | Barclays | Raimo Lenschow | $43 → $44 | Maintains | Equal-Weight | Get Alert |
| 08/01/2023 | Buy Now | 53.6% | BMO Capital | Thanos Moschopoulos | $43 → $48 | Maintains | Outperform | Get Alert |
| 06/22/2023 | Buy Now | 40.8% | Citigroup | Steve Enders | $41 → $44 | Maintains | Neutral | Get Alert |
| 02/06/2023 | Buy Now | 12% | Citigroup | Steve Enders | $33 → $35 | Maintains | Neutral | Get Alert |
| 11/04/2022 | Buy Now | 8.8% | BMO Capital | Thanos Moschopoulos | $43 → $34 | Maintains | Outperform | Get Alert |
| 09/01/2022 | Buy Now | 8.8% | Citigroup | Steven Enders | → $34 | Initiates | → Neutral | Get Alert |
| 08/26/2022 | Buy Now | 40.8% | CIBC | Stephanie Price | $51 → $44 | Downgrade | Outperformer → Neutral | Get Alert |
| 08/26/2022 | Buy Now | 37.6% | BMO Capital | Thanos Moschopoulos | $46 → $43 | Maintains | Outperform | Get Alert |
| 08/06/2021 | Buy Now | 98.4% | RBC Capital | Paul Treiber | — | Maintains | Outperform | Get Alert |
| 08/06/2021 | Buy Now | 82.4% | Barclays | Raimo Lenschow | — | Maintains | Equal-Weight | Get Alert |
FAQ
What is the target price for Open Text (OTEX) stock?
The latest price target for Open Text (NASDAQ:OTEX) was reported by Citigroup on June 26, 2024. The analyst firm set a price target for $32.00 expecting OTEX to rise to within 12 months (a possible 2.40% upside). 14 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Open Text (OTEX)?
The latest analyst rating for Open Text (NASDAQ:OTEX) was provided by Citigroup, and Open Text maintained their neutral rating.
When was the last upgrade for Open Text (OTEX)?
There is no last upgrade for Open Text
When was the last downgrade for Open Text (OTEX)?
The last downgrade for Open Text Corp happened on May 3, 2024 when Scotiabank changed their price target from N/A to N/A for Open Text Corp.
When is the next analyst rating going to be posted or updated for Open Text (OTEX)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Open Text, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Open Text was filed on June 26, 2024 so you should expect the next rating to be made available sometime around June 26, 2025.
Is the Analyst Rating Open Text (OTEX) correct?
While ratings are subjective and will change, the latest Open Text (OTEX) rating was a maintained with a price target of $37.00 to $32.00. The current price Open Text (OTEX) is trading at is $31.25, which is out of the analyst’s predicted range.
Browse analyst ratings and price targets on all stocks.