Open Text Corporation (OTEX)
NASDAQ: OTEX · IEX Real-Time Price · USD
30.64
+0.56 (1.86%)
At close: Jul 2, 2024, 4:00 PM
30.63
-0.02 (-0.05%)
After-hours: Jul 2, 2024, 5:01 PM EDT
Open Text Stock Forecast
Stock Price Forecast
The 6 analysts with 12-month price forecasts for Open Text stock have an average target of 39.17, with a low estimate of 32 and a high estimate of 53. The average target predicts an increase of 27.84% from the current stock price of 30.64.
Analyst Consensus: Hold
Analyst Ratings
The average analyst rating for Open Text stock from 7 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 2 | 2 | 2 | 2 | 1 | 1 |
| Hold | 2 | 2 | 3 | 3 | 5 | 6 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 4 | 5 | 5 | 6 | 7 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Citigroup | Citigroup | Hold Maintains $37 → $32 | Hold | Maintains | $37 → $32 | +4.44% | Jun 26, 2024 |
| CIBC | CIBC | Hold Maintains $39 → $36 | Hold | Maintains | $39 → $36 | +17.49% | Jun 21, 2024 |
| Scotiabank | Scotiabank | Buy → Hold Downgrades n/a | Buy → Hold | Downgrades | n/a | n/a | May 3, 2024 |
| Barclays | Barclays | Hold Maintains $44 → $38 | Hold | Maintains | $44 → $38 | +24.02% | May 3, 2024 |
| BMO Capital | BMO Capital | Buy → Hold Downgrades $50 → $38 | Buy → Hold | Downgrades | $50 → $38 | +24.02% | May 3, 2024 |
Financial Forecast
Revenue This Year
5.93B
from 4.48B
Increased by 32.24%
Revenue Next Year
5.48B
from 5.93B
Decreased by -7.62%
EPS This Year
4.31
from 0.56
Increased by 669.33%
EPS Next Year
3.59
from 4.31
Decreased by -16.72%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 6.1B | 5.7B | 5.9B |
| Avg | 5.9B | 5.5B | 5.6B |
| Low | 5.7B | 5.2B | 5.4B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 36.8% | -4.3% | 7.1% |
| Avg | 32.2% | -7.6% | 2.6% |
| Low | 26.7% | -12.1% | -2.1% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 4.54 | 3.95 | 4.54 |
| Avg | 4.31 | 3.59 | 4.07 |
| Low | 4.02 | 3.05 | 3.51 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 710.0% | -8.4% | 26.4% |
| Avg | 669.3% | -16.7% | 13.5% |
| Low | 617.5% | -29.3% | -2.2% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.