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Open Text Corp has a consensus price target of $38.33 based on the ratings of 7 analysts. The high is $53 issued by RBC Capital on February 2, 2024. The low is $32 issued by Citigroup on June 26, 2024. The 3 most-recent analyst ratings were released by Barclays, CIBC, and Citigroup on August 5, 2024, July 19, 2024, and June 26, 2024, respectively. With an average price target of $33.67 between Barclays, CIBC, and Citigroup, there's an implied 2.80% upside for Open Text Corp from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Open Text (NASDAQ:OTEX) was reported by Barclays on August 5, 2024. The analyst firm set a price target for $36.00 expecting OTEX to rise to within 12 months (a possible 9.92% upside). 14 analyst firms have reported ratings in the last year.
The latest analyst rating for Open Text (NASDAQ:OTEX) was provided by Barclays, and Open Text maintained their equal-weight rating.
There is no last upgrade for Open Text
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.
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 August 5, 2024 so you should expect the next rating to be made available sometime around August 5, 2025.
While ratings are subjective and will change, the latest Open Text (OTEX) rating was a maintained with a price target of $38.00 to $36.00. The current price Open Text (OTEX) is trading at is $32.75, which is out of the analyst’s predicted range.
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