Open Text (OTEX) Stock Forecast & Price Target

$29.73 +0.48 (+1.64%)

(As of 11/11/2024 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

Hold

Based on 11 Analyst Ratings

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
20.75% 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 20.75% from the current price of $29.73.

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OTEX Analyst Ratings Over Time

Type	Current Forecast 11/13/23 to 11/12/24	1 Month Ago 10/14/23 to 10/13/24	3 Months Ago 8/15/23 to 8/14/24	1 Year Ago 11/13/22 to 11/13/23
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)	8 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	$38.80	$38.60	$42.50
Forecasted Upside	20.75% Upside	14.76% Upside	24.08% Upside	15.40% Upside
Consensus Rating	Hold	Hold	Hold	Hold

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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.

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.

Open Text Stock vs. The Competition

Type	Open Text	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.27	2.67	2.50
Consensus Rating	Hold	Moderate Buy	Hold
Predicted Upside	20.75% Upside	558.43% Upside	7.02% Upside
News Sentiment Rating	Positive News See Recent OTEX News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/1/2024	TD Securities 4 of 5 stars		Lower Target	Buy	$40.00 ➝ $38.00	+31.17%
11/1/2024	Citigroup 3 of 5 stars		Lower Target	Neutral	$34.00 ➝ $33.00	+13.91%
11/1/2024	Barclays 3 of 5 stars		Lower Target	Equal Weight ➝ Equal Weight	$36.00 ➝ $34.00	+16.60%
11/1/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Market Perform ➝ Market Perform	$33.00 ➝ $32.00	+9.10%
11/1/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Perform ➝ Sector Perform	$40.00 ➝ $35.00	+18.97%
11/1/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Treiber Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Sector Perform	$45.00 ➝ $33.00	+10.00%
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8/2/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	$42.00 ➝ $35.00	+23.59%
8/2/2024	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Sector Perform	$38.00	+34.18%
8/2/2024	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Tse Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Sector Perform
7/19/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$36.00 ➝ $33.00	+7.46%
5/3/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$55.00 ➝ $48.00	+59.95%
10/16/2023	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral	$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 Tuesday at 03:27 AM 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 year. 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 20.75% 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.

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This page (NASDAQ:OTEX) was last updated on 11/12/2024 by MarketBeat.com Staff

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Open Text (OTEX) Stock Forecast & Price Target