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Open Text (OTEX) Stock Forecast & Price Target

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$29.11 +0.24 (+0.83%)
(As of 01:45 PM ET)

Open Text - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates 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 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's 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. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
0
Hold
8
Buy
3

Based on 11 Wall Street analysts who have issued ratings for Open Text in the last 12 months, the stock has a consensus rating of "Hold." Out of the 11 analysts, 8 have given a hold rating, and 3 have given a buy rating for OTEX.

Consensus Price Target

$35.90
23.33% Upside
According to the 11 analysts' twelve-month price targets for Open Text, the average price target is $35.90. The highest price target for OTEX is $48.00, while the lowest price target for OTEX is $32.00. The average price target represents a forecasted upside of 23.33% from the current price of $29.11.
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OTEX Analyst Ratings Over Time

TypeCurrent Forecast
11/22/23 to 11/21/24
1 Month Ago
10/23/23 to 10/22/24
3 Months Ago
8/24/23 to 8/23/24
1 Year Ago
11/22/22 to 11/22/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
3 Buy rating(s)
4 Buy rating(s)
4 Buy rating(s)
2 Buy rating(s)
Hold
8 Hold rating(s)
7 Hold rating(s)
8 Hold rating(s)
4 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$35.90$38.89$38.60$42.50
Forecasted Upside23.33% Upside15.84% Upside18.44% Upside9.76% Upside
Consensus Rating
Hold
Hold
Hold
Hold

OTEX Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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OTEX Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Open Text Stock vs. The Competition

TypeOpen TextComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.27
2.68
2.50
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside22.82% Upside546.26% Upside9.87% Upside
News Sentiment Rating
Neutral News

See Recent OTEX News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/1/2024TD Securities
4 of 5 stars
 Lower TargetBuy$40.00 ➝ $38.00+31.17%
11/1/2024Citigroup
3 of 5 stars
 Lower TargetNeutral$34.00 ➝ $33.00+13.91%
11/1/2024Barclays
3 of 5 stars
 Lower TargetEqual Weight ➝ Equal Weight$36.00 ➝ $34.00+16.60%
11/1/2024BMO Capital Markets
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 Lower TargetMarket Perform ➝ Market Perform$33.00 ➝ $32.00+9.10%
11/1/2024Scotiabank
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 Lower TargetSector Perform ➝ Sector Perform$40.00 ➝ $35.00+18.97%
11/1/2024Royal Bank of Canada
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P. Treiber
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DowngradeOutperform ➝ Sector Perform$45.00 ➝ $33.00+10.00%
8/2/2024Jefferies Financial Group
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 Lower TargetBuy$42.00 ➝ $35.00+23.59%
8/2/2024National Bankshares
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 DowngradeOutperform ➝ Sector Perform$38.00+34.18%
8/2/2024National Bank Financial
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R. Tse
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DowngradeOutperform ➝ Sector Perform
7/19/2024CIBC
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 Lower TargetNeutral ➝ Neutral$36.00 ➝ $33.00+7.46%
5/3/2024Raymond James
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 Lower TargetOutperform$55.00 ➝ $48.00+59.95%
10/16/2023Stifel Nicolaus
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 Lower TargetNeutral$44.00 ➝ $38.00+9.57%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 02:05 PM ET.


OTEX Forecast - Frequently Asked Questions

According to the research reports of 11 Wall Street equities research analysts, the average twelve-month stock price forecast for Open Text is $35.90, with a high forecast of $48.00 and a low forecast of $32.00.

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Open Text in the last twelve months. There are currently 8 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" OTEX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in OTEX, but not buy additional shares or sell existing shares.

According to analysts, Open Text's stock has a predicted upside of 23.33% based on their 12-month stock forecasts.

Over the previous 90 days, Open Text's stock had 1 downgrade by analysts.

Open Text has been rated by research analysts at Barclays, BMO Capital Markets, Citigroup, Royal Bank of Canada, Scotiabank, and TD Securities in the past 90 days.

Analysts like Open Text less than other "computer and technology" companies. The consensus rating for Open Text is Hold while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how OTEX compares to other companies.


This page (NASDAQ:OTEX) was last updated on 11/21/2024 by MarketBeat.com Staff
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