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Open Text - OTEX Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $44.00
  • Forecasted Upside: 29.56%
  • Number of Analysts: 7
  • Breakdown:
  • 0 Sell Ratings
  • 2 Hold Ratings
  • 5 Buy Ratings
  • 0 Strong Buy Ratings
$33.96 As of 01/27/2023 01:00 AM ET
▼ -0.03 (-0.09%)

This chart shows the closing price for OTEX by one month, three months, or twelve months.

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Analyst Price Target for OTEX

Analyst Price Target is $44.00
▲ +29.56% Upside Potential
This price target is based on 7 analysts offering 12 month price targets for Open Text in the last 3 months. The average price target is $44.00, with a high forecast of $60.00 and a low forecast of $30.00. The average price target represents a 29.56% upside from the last price of $33.96.

This chart shows the closing price for OTEX for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Buy

The current consensus among 7 polled investment analysts is to buy stock in Open Text. This rating has held steady since August 2021, when it changed from a Hold consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 4 buy ratings
  • 2 hold ratings
  • 1 sell ratings
Ratings as of
8/7/2021
  • 0 strong buy ratings
  • 4 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
11/5/2021
  • 0 strong buy ratings
  • 4 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
2/3/2022
  • 0 strong buy ratings
  • 3 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
5/4/2022
  • 0 strong buy ratings
  • 4 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
8/2/2022
  • 0 strong buy ratings
  • 5 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
10/31/2022
  • 0 strong buy ratings
  • 5 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
12/30/2022
  • 0 strong buy ratings
  • 5 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
1/29/2023

Latest Recommendations

  • 0 strong buy ratings
  • 5 buy ratings
  • 2 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
11/4/2022Raymond JamesLower TargetOutperform$53.00 ➝ $48.00Low
11/4/2022TD SecuritiesLower TargetBuy$48.00 ➝ $40.00Low
11/4/2022BMO Capital MarketsLower TargetOutperform$43.00 ➝ $34.00Low
11/4/2022CitigroupLower Target$34.00 ➝ $30.00Low
9/1/2022CitigroupInitiated CoverageNeutral$34.00Low
8/26/2022BMO Capital MarketsLower TargetOutperform$46.00 ➝ $43.00Low
8/26/2022Raymond JamesLower TargetOutperform$55.00 ➝ $53.00Low
8/26/2022CIBCDowngradeSector Outperform ➝ Neutral$51.00 ➝ $44.00Low
8/5/2022Raymond JamesLower TargetOutperform$60.00 ➝ $55.00Low
8/5/2022TD SecuritiesLower TargetBuy$50.00 ➝ $48.00Low
6/17/2022National BanksharesReiterated RatingBuy$60.00Low
5/5/2022TD SecuritiesLower TargetBuy$58.00 ➝ $50.00High
5/5/2022Royal Bank of CanadaLower TargetOutperform$62.00 ➝ $52.00High
5/5/2022Raymond JamesSet TargetOutperform$60.00High
2/4/2022BMO Capital MarketsLower TargetC$58.00 ➝ C$53.00Medium
2/4/2022Raymond JamesLower TargetOutperform$63.00 ➝ $60.00Low
1/25/2022Raymond JamesSet TargetOutperform$63.00Medium
1/12/2022BarclaysLower Target$58.00 ➝ $50.00Low
11/5/2021Raymond JamesReiterated RatingOutperformLow
8/6/2021Raymond JamesBoost TargetOutperform$59.00 ➝ $63.00Low
8/6/2021TD SecuritiesBoost TargetBuy$57.00 ➝ $58.00Low
8/6/2021Royal Bank of CanadaBoost TargetOutperform$60.00 ➝ $62.00Low
8/6/2021BarclaysBoost TargetEqual Weight$56.00 ➝ $57.00Medium
7/19/2021Raymond JamesSet TargetOutperform$59.00Low
6/30/2021BarclaysDowngradeOverweight ➝ Equal Weight$56.00Low
5/7/2021Raymond JamesSet TargetOutperform$59.00Medium
4/20/2021Raymond JamesBoost TargetOutperform$55.00 ➝ $59.00Low
2/5/2021Raymond JamesBoost TargetOutperform$49.00 ➝ $55.00Medium
2/5/2021National Bank FinancialBoost TargetOutperform$55.00 ➝ $60.00Medium
2/5/2021Royal Bank of CanadaBoost TargetOutperform$53.00 ➝ $60.00Medium
2/5/2021TD SecuritiesBoost TargetBuy$52.00 ➝ $55.00Medium
2/5/2021BarclaysBoost TargetOverweight$51.00 ➝ $55.00High
12/23/2020Raymond JamesSet TargetOutperform$49.00N/A
11/6/2020Raymond JamesSet TargetOutperform$49.00Low
10/20/2020Raymond JamesSet TargetOutperform$49.00Low
8/10/2020Veritas Investment ResearchDowngradeBuy ➝ SellLow
8/10/2020CitigroupBoost TargetNeutral$41.00 ➝ $47.00Medium
8/7/2020Raymond JamesBoost TargetOutperform$45.00 ➝ $49.00Low
8/7/2020National Bank FinancialBoost TargetOutperform$54.00 ➝ $55.00Low
8/7/2020TD SecuritiesBoost TargetBuy$47.00 ➝ $52.00Low
8/7/2020BMO Capital MarketsBoost Target$44.00 ➝ $54.00Low
8/5/2020Pi FinancialReiterated RatingNeutralMedium
7/30/2020Beacon SecuritiesDowngradeBuy ➝ HoldLow
7/21/2020National Bank FinancialBoost TargetOutperform$40.00 ➝ $50.00Medium
7/20/2020BarclaysBoost TargetOverweight$44.00 ➝ $50.00High
5/1/2020Raymond JamesSet TargetOutperform$45.00Low
5/1/2020BMO Capital MarketsReiterated RatingOutperform$61.00Low
4/29/2020Pi FinancialReiterated RatingHold$58.00Low
4/29/2020TD SecuritiesLower TargetBuy$52.00 ➝ $45.00Medium
4/29/2020BMO Capital MarketsLower TargetBuy$51.00 ➝ $41.00Low
4/27/2020Royal Bank of CanadaLower TargetReduce ➝ Outperform$54.00 ➝ $45.00Low
4/22/2020Raymond JamesLower TargetOutperform$54.00 ➝ $45.00Low
4/9/2020National Bank FinancialLower TargetOutperform$55.00 ➝ $45.00Low
3/10/2020Pi FinancialUpgradeSell ➝ Neutral$44.00Medium
1/31/2020TD SecuritiesBoost TargetBuy$50.00 ➝ $52.00Low
1/31/2020National Bank FinancialBoost TargetOutperform$50.00 ➝ $55.00Low
1/31/2020Raymond JamesReiterated RatingOutperform$54.00Low
1/31/2020Royal Bank of CanadaBoost TargetOutperform$50.00 ➝ $54.00Low
1/24/2020CitigroupBoost TargetNeutral$43.00 ➝ $48.00Low
12/19/2019Raymond JamesSet TargetOutperform$48.00Low
11/13/2019TD SecuritiesBoost TargetBuy$48.00 ➝ $50.00Low
11/12/2019Royal Bank of CanadaBoost TargetOutperform$47.00 ➝ $50.00Low
11/12/2019Raymond JamesReiterated RatingOutperform$48.00Low
11/1/2019Raymond JamesSet TargetBuy$48.00Low
10/29/2019CIBCReiterated RatingBuyLow
10/21/2019Raymond JamesReiterated RatingOutperform$48.00Medium
9/9/2019Royal Bank of CanadaDowngradeBuy$47.00Low
8/6/2019Royal Bank of CanadaReiterated RatingOutperform$47.00Low
8/4/2019CIBCReiterated RatingBuy$53.00High
8/2/2019Raymond JamesSet TargetOutperform$48.00Low
8/2/2019TD SecuritiesBoost TargetBuy$45.00 ➝ $48.00Low
7/29/2019CIBCReiterated RatingBuy$53.00Low
7/19/2019Raymond JamesSet TargetOutperform$48.00Low
7/11/2019Raymond JamesReiterated RatingOutperform$48.00Low
7/11/2019BenchmarkReiterated RatingSell ➝ Buy$42.00 ➝ $48.00Low
5/2/2019Raymond JamesSet TargetOutperform$48.00Low
4/22/2019Raymond JamesReiterated RatingOutperform$48.00Low
2/4/2019Mitsubishi UFJ Financial GroupBoost Target$43.00Medium
2/2/2019BMO Capital MarketsSet TargetBuy$43.00Medium
2/1/2019Royal Bank of CanadaBoost TargetOutperform$45.00 ➝ $47.00Low
2/1/2019TD SecuritiesBoost TargetBuy$43.00 ➝ $45.00Low
1/25/2019Raymond JamesReiterated RatingOutperform$48.00Low
1/11/2019CIBCReiterated RatingAverage$49.00Low
11/19/2018CIBCReiterated RatingBuy ➝ Average$51.00Medium
11/1/2018BarclaysReiterated RatingBuyMedium
11/1/2018Raymond JamesSet TargetOutperform$48.00Medium
11/1/2018BMO Capital MarketsReiterated RatingBuy$40.00Low
10/22/2018Raymond JamesReiterated RatingOutperform$48.00Low
8/6/2018BarclaysBoost TargetOverweight ➝ Overweight$46.00 ➝ $48.00Medium
8/3/2018ScotiabankReiterated RatingBuy$46.00Low
8/3/2018Royal Bank of CanadaBoost TargetOutperform$44.00 ➝ $45.00Low
8/3/2018Raymond JamesBoost TargetOutperform$42.00 ➝ $48.00Low
8/3/2018Industrial Alliance SecuritiesBoost Target$40.00 ➝ $42.00Low
8/3/2018TD SecuritiesBoost TargetBuy$40.00 ➝ $43.00Medium
5/10/2018ScotiabankReiterated RatingOutperform$45.00High
5/10/2018Royal Bank of CanadaLower TargetOutperform$46.00 ➝ $44.00High
2/1/2018Raymond JamesBoost TargetOutperform$40.00 ➝ $44.00High
2/1/2018National Bank FinancialBoost TargetOutperform$45.00 ➝ $50.00High
2/1/2018Royal Bank of CanadaReiterated RatingBuy$40.00 ➝ $46.00High
2/1/2018BarclaysBoost TargetOverweight ➝ Overweight$44.00 ➝ $46.00Medium
2/1/2018BMO Capital MarketsReiterated RatingBuy$42.00High
(Data available from 1/29/2018 forward)

News Sentiment Rating

0.91 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 2 very positive mentions
  • 6 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
7/3/2022
  • 4 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
8/2/2022
  • 2 very positive mentions
  • 13 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
Mentions as of
9/1/2022
  • 1 very positive mentions
  • 6 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
10/1/2022
  • 3 very positive mentions
  • 3 positive mentions
  • 1 negative mentions
  • 1 very negative mentions
Mentions as of
10/31/2022
  • 2 very positive mentions
  • 6 positive mentions
  • 0 negative mentions
  • 1 very negative mentions
Mentions as of
11/30/2022
  • 1 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
12/30/2022
  • 8 very positive mentions
  • 5 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
1/29/2023

Current Sentiment

  • 8 very positive mentions
  • 5 positive mentions
  • 1 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

Positive

Very Positive

Open Text logo
Open Text Corp. engages in the design, development, marketing and sales of enterprise information management software and solutions. It includes customer experience management (CEM), digital process automation, business network, and enterprise content management, discovery, security, and artificial intelligence (AI) and analytics solutions. It also offers consulting, managed, and learning services. The company was founded on June 26, 1991 and is headquartered in Waterloo, Canada.
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Today's Range

Now: $33.96
Low: $33.86
High: $34.32

50 Day Range

MA: $30.21
Low: $27.67
High: $33.99

52 Week Range

Now: $33.96
Low: $24.91
High: $48.46

Volume

441,266 shs

Average Volume

565,089 shs

Market Capitalization

$9.18 billion

P/E Ratio

61.75

Dividend Yield

2.87%

Beta

0.98

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: BMO Capital Markets, CIBC, Citigroup Inc., National Bankshares, Inc., Raymond James, Royal Bank of Canada, StockNews.com, TD Securities, and TheStreet.
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 $44.00, suggesting a possible upside of 29.6%. National Bankshares, Inc. 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 $30.00 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 2 hold ratings and 5 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe OTEX will outperform the market and that investors should add to their positions of Open Text.
View the latest ratings for OTEX.

What other companies compete with Open Text?

Other companies that are similar to Open Text include CACI International, Samsara, Science Applications International, GoDaddy and Jack Henry & Associates. Learn More about companies similar to Open Text.

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. Learn More about contacing Open Text investor relations.