$30.2885
-5.1815[-14.61%]
At close: May 3
$30.2885
0[0.00%]
After Hours: 7:43PM EDT
Open Text
(NASDAQ:OTEX)Open Text Stock (NASDAQ:OTEX), Analyst Ratings, Price Targets, Predictions
Open Text Corp has a consensus price target of $42.17, established from looking at the 20 latest analyst ratings. The last 3 analyst ratings were released from Barclays, BMO Capital, and Citigroup on May 3, 2024, May 3, 2024, and March 22, 2024. With an average price target of $39.33 between Barclays, BMO Capital, and Citigroup, there's an implied 29.86% upside for Open Text Corp from these 3 analyst ratings.
Analyst Firms Making Recommendations1
Barclays
BMO Capital
Citigroup
RBC Capital
Citigroup
1calculated from analyst ratings published within the last 3 years
Analyst Ratings for Open Text
date | ticker | Buy Now | Company | Current price | Upside/Downside | Analyst Firm | Analyst & % Accurate | Price Target Change | Rating Change | Previous / Current Rating | Get Alert |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 05/03/2024 | OTEX | Buy Now | Open Text | $30.29 | 25.46% | Barclays | Raimo Lenschow | $44 → $38 | Maintains | Equal-Weight | Get Alert |
| 05/03/2024 | OTEX | Buy Now | Open Text | $30.29 | 25.46% | BMO Capital | Thanos Moschopoulos | $50 → $38 | Downgrade | Outperform → Market Perform | Get Alert |
| 03/22/2024 | OTEX | Buy Now | Open Text | $30.29 | 38.67% | Citigroup | Steven Enders | — | Maintains | Neutral | Get Alert |
| 02/02/2024 | OTEX | Buy Now | Open Text | $30.29 | 74.98% | RBC Capital | Paul Treiber | → $53 | Reiterates | Outperform → Outperform | Get Alert |
| 11/30/2023 | OTEX | Buy Now | Open Text | $30.29 | 74.98% | RBC Capital | Paul Treiber | $50 → $53 | Maintains | Outperform | Get Alert |
| 11/29/2023 | OTEX | Buy Now | Open Text | $30.29 | 58.48% | BMO Capital | Thanos Moschopoulos | $45 → $48 | Maintains | Outperform | Get Alert |
| 10/17/2023 | OTEX | Buy Now | Open Text | $30.29 | 48.57% | BMO Capital | Thanos Moschopoulos | $50 → $45 | Maintains | Outperform | Get Alert |
| 10/16/2023 | OTEX | Buy Now | Open Text | $30.29 | 25.46% | Citigroup | Steve Enders | $44 → $38 | Maintains | Neutral | Get Alert |
| 10/12/2023 | OTEX | Buy Now | Open Text | $30.29 | 32.06% | Barclays | Raimo Lenschow | $44 → $40 | Maintains | Equal-Weight | Get Alert |
| 08/07/2023 | OTEX | Buy Now | Open Text | $30.29 | 45.27% | Barclays | Raimo Lenschow | $43 → $44 | Maintains | Equal-Weight | Get Alert |
| 08/01/2023 | OTEX | Buy Now | Open Text | $30.29 | 58.48% | BMO Capital | Thanos Moschopoulos | $43 → $48 | Maintains | Outperform | Get Alert |
| 06/22/2023 | OTEX | Buy Now | Open Text | $30.29 | 45.27% | Citigroup | Steve Enders | $41 → $44 | Maintains | Neutral | Get Alert |
| 02/06/2023 | OTEX | Buy Now | Open Text | $30.29 | 15.56% | Citigroup | Steve Enders | $33 → $35 | Maintains | Neutral | Get Alert |
| 11/04/2022 | OTEX | Buy Now | Open Text | $30.29 | 12.25% | BMO Capital | Thanos Moschopoulos | $43 → $34 | Maintains | Outperform | Get Alert |
| 09/01/2022 | OTEX | Buy Now | Open Text | $30.29 | 12.25% | Citigroup | Steven Enders | → $34 | Initiates | → Neutral | Get Alert |
| 08/26/2022 | OTEX | Buy Now | Open Text | $30.29 | 45.27% | CIBC | Stephanie Price | $51 → $44 | Downgrade | Outperformer → Neutral | Get Alert |
| 08/26/2022 | OTEX | Buy Now | Open Text | $30.29 | 41.97% | BMO Capital | Thanos Moschopoulos | $46 → $43 | Maintains | Outperform | Get Alert |
| 08/06/2021 | OTEX | Buy Now | Open Text | $30.29 | 104.7% | RBC Capital | Paul Treiber | — | Maintains | Outperform | Get Alert |
| 08/06/2021 | OTEX | Buy Now | Open Text | $30.29 | 88.19% | Barclays | Raimo Lenschow | — | Maintains | Equal-Weight | Get Alert |
FAQ
What is the target price for Open Text (OTEX)?
The latest price target for Open Text (NASDAQ: OTEX) was reported by Barclays on May 3, 2024. The analyst firm set a price target for $38.00 expecting OTEX to rise to within 12 months (a possible 25.46% upside). 12 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 Barclays, and Open Text maintained their equal-weight 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 BMO Capital changed their price target from $50 to $38 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 May 3, 2024 so you should expect the next rating to be made available sometime around May 3, 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 $44.00 to $38.00. The current price Open Text (OTEX) is trading at is $30.29, which is out of the analyst’s predicted range.
Browse analyst ratings and price targets on all stocks.