In a report released today, Thanos Moschopoulos from BMO Capital reiterated a Buy rating on Open Text (NASDAQ: OTEX), with a price target of $40. The company’s shares opened today at $31.99, close to its 52-week low of $31.98.
According to TipRanks.com, Moschopoulos is ranked #1779 out of 4895 analysts.
Currently, the analyst consensus on Open Text is a Strong Buy with an average price target of $43, representing a 34.4% upside. In a report released yesterday, MUFG Securities Americas Inc also maintained a Buy rating on the stock with a $38 price target.
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The company has a one-year high of $40.31 and a one-year low of $31.98. Currently, Open Text has an average volume of 470.6K.
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Open Text Corp. enagges in the design, development, marketing, and sales of enterprise information management software and solutions. Its services include consulting services; managed services; learning services; cloud managed services; and optimized service programs. The company was founded on June 26, 1991 and is headquartered in Waterloo, Canada.
