Open Text Corporation (OTEX)
NASDAQ: OTEX · IEX Real-Time Price · USD
35.74
-0.28 (-0.78%)
At close: Apr 25, 2024, 4:00 PM
35.77
+0.03 (0.09%)
After-hours: Apr 25, 2024, 4:50 PM EDT
Open Text Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for Open Text stock have an average target of 44.75, with a low estimate of 38 and a high estimate of 53. The average target predicts an increase of 25.21% from the current stock price of 35.74.
Analyst Consensus: Hold
* Price targets were last updated on Feb 2, 2024.
Analyst Ratings
The average analyst rating for Open Text stock from 5 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Hold | 2 | 2 | 2 | 2 | 3 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 4 | 4 | 4 | 5 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Citigroup | Citigroup | Hold Maintains n/a | Hold | Maintains | n/a | n/a | Mar 22, 2024 |
| RBC Capital | RBC Capital | Buy Reiterates $53 | Buy | Reiterates | $53 | +48.29% | Feb 2, 2024 |
| RBC Capital | RBC Capital | Buy Maintains $50 → $53 | Buy | Maintains | $50 → $53 | +48.29% | Nov 30, 2023 |
| BMO Capital | BMO Capital | Buy Maintains $45 → $48 | Buy | Maintains | $45 → $48 | +34.30% | Nov 29, 2023 |
| BMO Capital | BMO Capital | Buy Maintains $50 → $45 | Buy | Maintains | $50 → $45 | +25.91% | Oct 17, 2023 |
Financial Forecast
Revenue This Year
6.05B
from 4.48B
Increased by 34.98%
Revenue Next Year
6.20B
from 6.05B
Increased by 2.41%
EPS This Year
4.72
from 0.56
Increased by 742.18%
EPS Next Year
5.16
from 4.72
Increased by 9.39%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 6.3B | 6.5B | 6.0B |
| Avg | 6.1B | 6.2B | 5.8B |
| Low | 5.8B | 5.9B | 5.6B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 39.7% | 6.7% | -3.0% |
| Avg | 35.0% | 2.4% | -5.7% |
| Low | 29.3% | -2.7% | -9.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 4.92 | 5.45 | 5.25 |
| Avg | 4.72 | 5.16 | 5.10 |
| Low | 4.46 | 4.66 | 4.90 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 779.4% | 15.5% | 1.8% |
| Avg | 742.2% | 9.4% | -1.1% |
| Low | 696.2% | -1.1% | -5.0% |
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.