According to The Fly, in a report issued on November 16, Stephanie Price from CIBC reiterated a Buy rating on Open Text (OTEX). The company’s shares closed on Friday at $33.20, close to its 52-week low of $31.98.
According to TipRanks.com, Price is ranked #1253 out of 4897 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Open Text with a $39.67 average price target, implying a 19.5% upside from current levels. In a report issued on November 1, BMO Capital also reiterated a Buy rating on the stock with a $40 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 432.6K.
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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.
