NASDAQ:OTEX - Open Text Stock Price Target and Predictions

Target and Analyst Ratings
Price Target History
Upgrades and Downgrades
About
FAQ

Consensus Rating: Hold
Consensus Price Target: $55.71
Forecasted Upside: 12.03 %
Number of Analysts: 9
Breakdown:
1 Sell Ratings
3 Hold Ratings
5 Buy Ratings
0 Strong Buy Ratings

^$49.73 As of 06/11/2021 01:00 AM ET

▲ +0.14 (0.28%)

1 month | 3 months | 12 months

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Analyst Price Target for OTEX

i We calculate consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). Our consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. Our consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

^$55.71

▲ +12.03% Upside Potential

This price target is based on 9 analysts offering 12 month price targets for Open Text in the last 3 months. The average price target is $55.71, with a high forecast of $60.00 and a low forecast of $47.00. The average price target represents a 12.03% upside from the last price of $49.73.

Hold

The current consensus among 9 investment analysts is to hold stock in Open Text. This rating has held steady since April 2021, when it changed from a Buy consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

0 strong buy ratings
6 buy ratings
0 hold ratings
0 sell ratings

Ratings as of

12/22/2019

0 strong buy ratings
6 buy ratings
2 hold ratings
0 sell ratings

Ratings as of

3/21/2020

0 strong buy ratings
7 buy ratings
2 hold ratings
0 sell ratings

Ratings as of

6/19/2020

0 strong buy ratings
7 buy ratings
3 hold ratings
1 sell ratings

Ratings as of

9/17/2020

0 strong buy ratings
6 buy ratings
3 hold ratings
1 sell ratings

Ratings as of

12/16/2020

0 strong buy ratings
6 buy ratings
3 hold ratings
1 sell ratings

Ratings as of

3/16/2021

0 strong buy ratings
5 buy ratings
3 hold ratings
1 sell ratings

Ratings as of

5/15/2021

0 strong buy ratings
5 buy ratings
3 hold ratings
1 sell ratings

Ratings as of

6/14/2021

Latest Recommendations

Show Most Recent Rating from Each Ratings Firm Show All Ratings

Date	Brokerage	Action	Rating	Price Target	Impact on Share Price	Details
5/7/2021	Raymond James	Set Price Target	Outperform	$59.00	Medium	i
4/20/2021	Raymond James	Boost Price Target	Outperform	$55.00 ➝ $59.00	Low	i
2/5/2021	Raymond James	Boost Price Target	Outperform	$49.00 ➝ $55.00	Medium	i
2/5/2021	National Bank Financial	Boost Price Target	Outperform	$55.00 ➝ $60.00	Medium	i
2/5/2021	Royal Bank of Canada	Boost Price Target	Outperform	$53.00 ➝ $60.00	Medium	i
2/5/2021	TD Securities	Boost Price Target	Buy	$52.00 ➝ $55.00	Medium	i
2/5/2021	Barclays	Boost Price Target	Overweight	$51.00 ➝ $55.00	High	i
12/23/2020	Raymond James	Set Price Target	Outperform	$49.00	N/A	i
11/6/2020	Raymond James	Set Price Target	Outperform	$49.00	Low	i
10/20/2020	Raymond James	Set Price Target	Outperform	$49.00	Low	i
8/10/2020	Veritas Investment Research	Downgrade	Buy ➝ Sell		Low	i
8/10/2020	Citigroup	Boost Price Target	Neutral	$41.00 ➝ $47.00	Medium	i
8/7/2020	Raymond James	Boost Price Target	Outperform	$45.00 ➝ $49.00	Low	i
8/7/2020	National Bank Financial	Boost Price Target	Outperform	$54.00 ➝ $55.00	Low	i
8/7/2020	TD Securities	Boost Price Target	Buy	$47.00 ➝ $52.00	Low	i
8/7/2020	BMO Capital Markets	Boost Price Target		$44.00 ➝ $54.00	Low	i
8/5/2020	Pi Financial	Reiterated Rating	Neutral		Medium	i Rating by G. Papageorgiou at Pi Financial
7/30/2020	Beacon Securities	Downgrade	Buy ➝ Hold		Low	i Rating by G. Leung at Beacon Securities
7/21/2020	National Bank Financial	Boost Price Target	Outperform	$40.00 ➝ $50.00	Medium	i Rating by Richard Tse at National Bank Financial
7/20/2020	Barclays	Boost Price Target	Overweight	$44.00 ➝ $50.00	High	i
5/1/2020	Raymond James	Set Price Target	Outperform	$45.00	Low	i Rating by Steven Li at Raymond James
5/1/2020	BMO Capital Markets	Reiterated Rating	Outperform	$61.00	Low	i
4/29/2020	Pi Financial	Reiterated Rating	Hold	$58.00	Low	i Rating by Gus Papageorgiou at Pi Financial
4/29/2020	TD Securities	Lower Price Target	Buy	$52.00 ➝ $45.00	Medium	i
4/29/2020	BMO Capital Markets	Lower Price Target	Buy	$51.00 ➝ $41.00	Low	i
4/27/2020	Royal Bank of Canada	Lower Price Target	Reduce ➝ Outperform	$54.00 ➝ $45.00	Low	i
4/22/2020	Raymond James	Lower Price Target	Outperform	$54.00 ➝ $45.00	Low	i Rating by Steven Li at Raymond James
4/9/2020	National Bank Financial	Lower Price Target	Outperform	$55.00 ➝ $45.00	Low	i Rating by Richard Tse at National Bank Financial
3/10/2020	Pi Financial	Upgrade	Sell ➝ Neutral	$44.00	Medium	i
1/31/2020	TD Securities	Boost Price Target	Buy	$50.00 ➝ $52.00	Low	i
1/31/2020	National Bank Financial	Boost Price Target	Outperform	$50.00 ➝ $55.00	Low	i
1/31/2020	Raymond James	Reiterated Rating	Outperform	$54.00	Low	i Rating by Steven Li at Raymond James
1/31/2020	Royal Bank of Canada	Boost Price Target	Outperform	$50.00 ➝ $54.00	Low	i Rating by Paul Treiber at Royal Bank of Canada
1/24/2020	Citigroup	Boost Price Target	Neutral	$43.00 ➝ $48.00	Low	i
12/19/2019	Raymond James	Set Price Target	Outperform	$48.00	Low	i Rating by Steven Li at Raymond James
11/13/2019	TD Securities	Boost Price Target	Buy	$48.00 ➝ $50.00	Low	i
11/12/2019	Royal Bank of Canada	Boost Price Target	Outperform	$47.00 ➝ $50.00	Low	i Rating by Paul Treiber at Royal Bank of Canada
11/12/2019	Raymond James	Reiterated Rating	Outperform	$48.00	Low	i Rating by Steven Li at Raymond James
11/1/2019	Raymond James	Set Price Target	Buy	$48.00	Low	i
10/29/2019	CIBC	Reiterated Rating	Buy		Low	i
10/21/2019	Raymond James	Reiterated Rating	Outperform	$48.00	Medium	i
9/9/2019	Royal Bank of Canada	Downgrade	Buy	$47.00	Low	i Rating by Paul Treiber at Royal Bank of Canada
8/6/2019	Royal Bank of Canada	Reiterated Rating	Outperform	$47.00	Low	i
8/4/2019	CIBC	Reiterated Rating	Buy	$53.00	High	i
8/2/2019	Raymond James	Set Price Target	Outperform	$48.00	Low	i
8/2/2019	TD Securities	Boost Price Target	Buy	$45.00 ➝ $48.00	Low	i
7/29/2019	CIBC	Reiterated Rating	Buy	$53.00	Low	i
7/19/2019	Raymond James	Set Price Target	Outperform	$48.00	Low	i
7/11/2019	Raymond James	Reiterated Rating	Outperform	$48.00	Low	i
7/11/2019	Benchmark	Reiterated Rating	Sell ➝ Buy	$42.00 ➝ $48.00	Low	i
5/2/2019	Raymond James	Set Price Target	Outperform	$48.00	Low	i
4/22/2019	Raymond James	Reiterated Rating	Outperform	$48.00	Low	i
2/4/2019	Mitsubishi UFJ Financial Group	Boost Price Target		$43.00	Medium	i
2/2/2019	BMO Capital Markets	Set Price Target	Buy	$43.00	Medium	i Rating by Thanos Moschopoulos at BMO Capital Markets
2/1/2019	Royal Bank of Canada	Boost Price Target	Outperform	$45.00 ➝ $47.00	Low	i
2/1/2019	TD Securities	Boost Price Target	Buy	$43.00 ➝ $45.00	Low	i
1/25/2019	Raymond James	Reiterated Rating	Outperform	$48.00	Low	i
1/11/2019	CIBC	Reiterated Rating	Average	$49.00	Low	i
11/19/2018	CIBC	Reiterated Rating	Buy ➝ Average	$51.00	Medium	i
11/1/2018	Barclays	Reiterated Rating	Buy		Medium	i
11/1/2018	Raymond James	Set Price Target	Outperform	$48.00	Medium	i
11/1/2018	BMO Capital Markets	Reiterated Rating	Buy	$40.00	Low	i Rating by Thanos Moschopoulos at BMO Capital Markets
10/22/2018	Raymond James	Reiterated Rating	Outperform	$48.00	Low	i
8/6/2018	Barclays	Boost Price Target	Overweight ➝ Overweight	$46.00 ➝ $48.00	Medium	i
8/3/2018	Scotiabank	Reiterated Rating	Buy	$46.00	Low	i
8/3/2018	Royal Bank of Canada	Boost Price Target	Outperform	$44.00 ➝ $45.00	Low	i
8/3/2018	Raymond James	Boost Price Target	Outperform	$42.00 ➝ $48.00	Low	i
8/3/2018	Industrial Alliance Securities	Boost Price Target		$40.00 ➝ $42.00	Low	i
8/3/2018	TD Securities	Boost Price Target	Buy	$40.00 ➝ $43.00	Medium	i
5/10/2018	Scotiabank	Reiterated Rating	Outperform	$45.00	High	i
5/10/2018	Royal Bank of Canada	Lower Price Target	Outperform	$46.00 ➝ $44.00	High	i
2/1/2018	Raymond James	Boost Price Target	Outperform	$40.00 ➝ $44.00	High	i
2/1/2018	National Bank Financial	Boost Price Target	Outperform	$45.00 ➝ $50.00	High	i
2/1/2018	Royal Bank of Canada	Reiterated Rating	Buy	$40.00 ➝ $46.00	High	i
2/1/2018	Barclays	Boost Price Target	Overweight ➝ Overweight	$44.00 ➝ $46.00	Medium	i
2/1/2018	BMO Capital Markets	Reiterated Rating	Buy	$42.00	High	i
11/23/2017	Macquarie	Lower Price Target		$43.00 ➝ $40.00	N/A	i
11/22/2017	Raymond James	Downgrade	Underperform	$40.00	N/A	i
11/22/2017	Macquarie	Downgrade	Neutral ➝ Underperform	$31.50	N/A	i
11/3/2017	CIBC	Boost Price Target		$41.00 ➝ $42.00	N/A	i
11/3/2017	BMO Capital Markets	Lower Price Target		$40.00 ➝ $38.00	N/A	i Rating by Thanos Moschopoulos at BMO Capital Markets
11/3/2017	Barclays	Boost Price Target		$54.00 ➝ $55.00	N/A	i
11/3/2017	TD Securities	Boost Price Target	Buy	$38.00 ➝ $51.00	N/A	i
11/2/2017	Mitsubishi UFJ Financial Group	Reiterated Rating	Overweight		N/A	i Rating by S. Bersey at Mitsubishi UFJ Financial Group
10/30/2017	Royal Bank of Canada	Reiterated Rating	Buy	$40.00	N/A	i
8/4/2017	Barclays	Boost Price Target	Overweight	$41.00 ➝ $43.00	Low	i
8/4/2017	BMO Capital Markets	Reiterated Rating	Outperform	$40.00	Medium	i Rating by Thanos Moschopoulos at BMO Capital Markets
8/4/2017	Scotiabank	Reiterated Rating	Outperform	$41.00 ➝ $50.00	Medium	i
7/12/2017	Royal Bank of Canada	Reiterated Rating	Buy	$40.00	High	i
7/5/2017	Beacon Securities	Upgrade	Hold ➝ Buy		Low	i Rating by G. Leung at Beacon Securities
5/10/2017	Scotiabank	Lower Price Target	Outperform	$51.00 ➝ $41.00	Low	i
5/9/2017	Beacon Securities	Downgrade	Buy ➝ Hold		Low	i Rating by G. Leung at Beacon Securities
5/9/2017	Barclays	Boost Price Target		$53.00 ➝ $56.00	Low	i
5/9/2017	BMO Capital Markets	Set Price Target	Buy	$38.00	Medium	i Rating by Thanos Moschopoulos at BMO Capital Markets
5/9/2017	Citigroup	Lower Price Target	Neutral	$36.00 ➝ $35.00	Low	i
5/4/2017	Scotiabank	Reiterated Rating	Outperform	$41.00 ➝ $56.00	Low	i
5/2/2017	TD Securities	Reiterated Rating	Buy	$52.00	Low	i
2/16/2017	Citigroup	Initiated Coverage	Neutral	$36.00	N/A	i
1/24/2017	Mitsubishi UFJ Financial Group	Reiterated Rating	Overweight	$36.00	N/A	i
1/24/2017	Barclays	Initiated Coverage	Overweight	$38.00	N/A	i
12/15/2016	TD Securities	Reiterated Rating	Buy	$36.00	N/A	i
12/7/2016	Royal Bank of Canada	Reiterated Rating	Outperform	$45.50	N/A	i
11/6/2016	Scotiabank	Reiterated Rating	Outperform	$36.50 ➝ $36.00	N/A	i
11/4/2016	BMO Capital Markets	Reiterated Rating	Buy	$36.50	N/A	i Rating by thanos moschopoulos at BMO Capital Markets
10/21/2016	Mitsubishi UFJ Financial Group	Initiated Coverage	Overweight	$37.00	N/A	i
9/27/2016	National Bank Financial	Initiated Coverage	Outperform	$45.00	N/A	i
9/26/2016	National Bank Financial	Reiterated Rating	Outperform Overweight		N/A	i Rating by K. Thompson at National Bank Financial
9/13/2016	BMO Capital Markets	Upgrade	Market Perform ➝ Outperform	$31.50 ➝ $36.50	N/A	i Rating by Thanos Moschopoulos at BMO Capital Markets
9/12/2016	Dundee Securities	Upgrade	Neutral ➝ Buy		N/A	i
7/28/2016	Benchmark	Boost Price Target	Buy	$32.50 ➝ $37.50	N/A	i
6/21/2016	Royal Bank of Canada	Boost Price Target	Outperform	$30.00 ➝ $35.00	N/A	i

(Data available from 6/14/2016 forward)

Open Text Corporation provides a suite of software products and services. The company offers content services; business network that manages and connects data within the organization; Cyber Resilience, a solution for defending against cyber threats and preparing for business continuity and response in the event of a breach; OpenText security solutions that addresses information security and digital investigations; AI and analytics that leverages structured or unstructured data; and OpenText Information Management software platform that provides multi-level, multi-role, and multi context security information platforms. It also offers digital process automation, which enables organizations to transform into digital data-driven businesses through automation; Customer Experience Management, a set of processes used to track customer interactions throughout the customer journey; and Discovery suite that provides forensics and unstructured data analytics for searching, collecting, and investigating enterprise data to manage legal obligations and risk. In addition, the company offers customer support programs that include access to software upgrades, a knowledge base, discussions, product information, and an online mechanism to post and review trouble tickets. Further, it provides professional services, such as consulting and learning services relating to the implementation, training, and integration of its licensed product offerings, as well as cloud services. The company serves organizations, enterprise companies, mid-market companies, and public sector agencies worldwide. It has strategic partnerships with SAP SE, Microsoft Corporation, Oracle Corporation, Salesforce.com Corporation, Google Cloud, Amazon AWS, Accenture plc, Deloitte Consulting LLP, Tata Consultancy Services, ATOS, ATOS International S.A.S., Capgemini Technology Services SAS, and Cognizant Technology Solutions U.S. Corp. The company was founded in 1991 and is headquartered in Waterloo, Canada.

Today's Range

Now: $49.73

$49.41

$49.77

50 Day Range

MA: $47.75

$45.26

$49.92

52 Week Range

Now: $49.73

$36.18

$50.21

Volume

167,600 shs

Average Volume

553,086 shs

Market Capitalization

$13.59 billion

P/E Ratio

87.25

Dividend Yield

0.76%

Beta

0.93

Frequently Asked Questions

What sell-side analysts currently cover shares of Open Text?

The following Wall Street analysts have issued stock ratings on Open Text in the last twelve months: Barclays PLC, Beacon Securities, BMO Capital Markets, Citigroup Inc., National Bank Financial, Pi Financial, Raymond James, Royal Bank of Canada, TD Securities, TheStreet, Veritas Investment Research, and Zacks Investment Research.
View the latest analyst ratings for OTEX.

What is the current price target for Open Text?

7 Wall Street analysts have set twelve-month price targets for Open Text in the last year. Their average twelve-month price target is $55.71, suggesting a possible upside of 12.0%. Royal Bank of Canada has the highest price target set, predicting OTEX will reach $60.00 in the next twelve months. Citigroup Inc. has the lowest price target set, forecasting a price of $47.00 for Open Text in the next year.
View the latest price targets for OTEX.

What is the current consensus analyst rating for Open Text?

Open Text currently has 1 sell rating, 3 hold ratings and 5 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in OTEX, but not buy more shares or sell existing shares.
View the latest ratings for OTEX.

What other companies compete with Open Text?

Other companies that are similar to Open Text include Cerner, Leidos, GoDaddy, Jack Henry & Associates, TuSimple, Scientific Games, CACI International, Science Applications International, Parsons, Verint Systems, Allscripts Healthcare Solutions, Telos, NetScout Systems, Unisys and Sykes Enterprises.

How do I contact Open Text's investor relations team?

Open Text's physical mailing address is 275 FRANK TOMPA DRIVE, WATERLOO A6, N2L 0A1. The software maker's listed phone number is 519-888-7111 and its investor relations email address is [email protected] The official website for Open Text is www.opentext.com.