Credit Suisse initiated coverage on Open Text Corporation OTEX at a Neutral rating and a $53 price target.
Credit Suisse remarked, “Initiated Coverage of Open Text Corporation with a Neutral Rating and $53 Target Price on July 19: Open Text is the second largest provider of Enterprise Content Management solutions for organizations and a recent entrant into the adjacent business process management (BPM) market. Recent issues integrating the company's two most recent acquisitions, along with new, much lower expectations regarding long-term growth in the BPM market, turn this story into less about growth and more about value in the near term.”
Open Text Corporation closed at $47.41 on Friday.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in