$35.08
0.33[0.95%]
At close: Apr 19
$35.08
0[0.00%]
After Hours: 4:03PM EDT
Open Text
(NASDAQ:OTEX)Open Text Stock (NASDAQ:OTEX), Analyst Ratings, Price Targets, Predictions
Open Text Corp has a consensus price target of $44.17, established from looking at the 18 latest analyst ratings. The last 3 analyst ratings were released from Citigroup, RBC Capital, and RBC Capital on March 22, 2024, February 2, 2024, and November 30, 2023. With an average price target of $49.33 between Citigroup, RBC Capital, and RBC Capital, there's an implied 40.63% upside for Open Text Corp from these 3 analyst ratings.
Analyst Firms Making Recommendations1
Citigroup
RBC Capital
BMO Capital
Citigroup
Barclays
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 03/22/2024 | OTEX | Buy Now | Open Text | $35.08 | 19.73% | Citigroup | Steven Enders | — | Maintains | Neutral | Get Alert |
| 02/02/2024 | OTEX | Buy Now | Open Text | $35.08 | 51.08% | RBC Capital | Paul Treiber | → $53 | Reiterates | Outperform → Outperform | Get Alert |
| 11/30/2023 | OTEX | Buy Now | Open Text | $35.08 | 51.08% | RBC Capital | Paul Treiber | $50 → $53 | Maintains | Outperform | Get Alert |
| 11/29/2023 | OTEX | Buy Now | Open Text | $35.08 | 36.83% | BMO Capital | Thanos Moschopoulos | $45 → $48 | Maintains | Outperform | Get Alert |
| 10/17/2023 | OTEX | Buy Now | Open Text | $35.08 | 28.28% | BMO Capital | Thanos Moschopoulos | $50 → $45 | Maintains | Outperform | Get Alert |
| 10/16/2023 | OTEX | Buy Now | Open Text | $35.08 | 8.32% | Citigroup | Steve Enders | $44 → $38 | Maintains | Neutral | Get Alert |
| 10/12/2023 | OTEX | Buy Now | Open Text | $35.08 | 14.03% | Barclays | Raimo Lenschow | $44 → $40 | Maintains | Equal-Weight | Get Alert |
| 08/07/2023 | OTEX | Buy Now | Open Text | $35.08 | 25.43% | Barclays | Raimo Lenschow | $43 → $44 | Maintains | Equal-Weight | Get Alert |
| 08/01/2023 | OTEX | Buy Now | Open Text | $35.08 | 36.83% | BMO Capital | Thanos Moschopoulos | $43 → $48 | Maintains | Outperform | Get Alert |
| 06/22/2023 | OTEX | Buy Now | Open Text | $35.08 | 25.43% | Citigroup | Steve Enders | $41 → $44 | Maintains | Neutral | Get Alert |
| 02/06/2023 | OTEX | Buy Now | Open Text | $35.08 | -0.23% | Citigroup | Steve Enders | $33 → $35 | Maintains | Neutral | Get Alert |
| 11/04/2022 | OTEX | Buy Now | Open Text | $35.08 | -3.08% | BMO Capital | Thanos Moschopoulos | $43 → $34 | Maintains | Outperform | Get Alert |
| 09/01/2022 | OTEX | Buy Now | Open Text | $35.08 | -3.08% | Citigroup | Steven Enders | → $34 | Initiates | → Neutral | Get Alert |
| 08/26/2022 | OTEX | Buy Now | Open Text | $35.08 | 25.43% | CIBC | Stephanie Price | $51 → $44 | Downgrade | Outperformer → Neutral | Get Alert |
| 08/26/2022 | OTEX | Buy Now | Open Text | $35.08 | 22.58% | BMO Capital | Thanos Moschopoulos | $46 → $43 | Maintains | Outperform | Get Alert |
| 08/06/2021 | OTEX | Buy Now | Open Text | $35.08 | 76.74% | RBC Capital | Paul Treiber | — | Maintains | Outperform | Get Alert |
| 08/06/2021 | OTEX | Buy Now | Open Text | $35.08 | 62.49% | Barclays | Raimo Lenschow | — | Maintains | Equal-Weight | Get Alert |
| 06/30/2021 | OTEX | Buy Now | Open Text | $35.08 | 59.64% | Barclays | Raimo Lenschow | — | Downgrade | Overweight → 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 Citigroup on March 22, 2024. The analyst firm set a price target for $42.00 expecting OTEX to rise to within 12 months (a possible 19.73% upside). 10 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 August 26, 2022 when CIBC changed their price target from $51 to $44 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 March 22, 2024 so you should expect the next rating to be made available sometime around March 22, 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 $42.00. The current price Open Text (OTEX) is trading at is $35.08, which is out of the analyst’s predicted range.
Browse analyst ratings and price targets on all stocks.