Open Text (OTEX) Stock Forecast, Price Target & Predictions
OTEX Stock Forecast
Open Text stock forecast is as follows: an average price target of $43.50 (represents a 36.88% upside from OTEX’s last price of $31.78) and a rating consensus of 'Hold', based on 9 wall street analysts offering a 1-year stock forecast.
OTEX Price Target
The average price target for Open Text (OTEX) is $43.50 based on 1-year price targets from 9 Wall Street analysts in the past 3 months, with a price target range of $50.00 to $38.00. This represents a potential 36.88% upside from OTEX's last price of $31.78.
OTEX Analyst Ratings
According to 9 Wall Street analysts, Open Text's rating consensus is 'Hold'. The analyst rating breakdown for OTEX stock is 0 'Strong Buy' (0.00%), 4 'Buy' (44.44%), 5 'Hold' (55.56%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Open Text Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| May 03, 2024 | Steven Li | Raymond James | $48.00 | $29.24 | 64.16% | 51.04% |
| May 03, 2024 | Raimo Lenschow | Barclays | $38.00 | $35.47 | 7.13% | 19.57% |
| May 03, 2024 | Richard Tse | National Bank | $50.00 | $35.47 | 40.96% | 57.33% |
| May 03, 2024 | Thanos Moschopoulos | BMO Capital | $38.00 | $35.47 | 7.13% | 19.57% |
The latest Open Text stock forecast, released on May 03, 2024 by Steven Li from Raymond James, set a price target of $48.00, which represents a 64.16% increase from the stock price at the time of the forecast ($29.24), and a 51.04% increase from OTEX last price ($31.78).
Open Text Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 4 |
| Avg Price Target | - | - | $43.50 |
| Last Closing Price | $31.78 | $31.78 | $31.78 |
| Upside/Downside | -100.00% | -100.00% | 36.88% |
In the current month, the average price target of Open Text stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Open Text's last price of $31.78. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 02, 2024 | National Bank | Outperform | Sector Perform | Downgrade |
| Jun 26, 2024 | Citigroup | Neutral | Neutral | Hold |
| May 06, 2024 | Scotiabank | - | Sector Perform | Downgrade |
| May 03, 2024 | Cowen & Co. | Buy | Buy | Hold |
| May 03, 2024 | Raymond James | Outperform | Outperform | Hold |
| May 03, 2024 | Citigroup | Neutral | Neutral | Hold |
| May 03, 2024 | Barclays | Equal-Weight | Equal-Weight | Hold |
| May 03, 2024 | National Bank | Outperform | Outperform | Hold |
| May 03, 2024 | BMO Capital | - | Market Perform | Downgrade |
| Apr 08, 2024 | TD Securities | Buy | Buy | Hold |
Open Text's last stock rating was published by National Bank on Aug 02, 2024. The company Downgrade its OTEX rating from "Outperform" to "Sector Perform".
Open Text Financial Forecast
Open Text Revenue Forecast
| Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.53B | $1.43B | $1.49B | $1.24B | $897.44M | $852.04M | - | $882.28M | $876.80M | $832.31M | $893.53M | $832.93M | $855.64M | $804.01M | $826.61M | $814.68M |
| Avg Forecast | $2.18B | $2.09B | $2.01B | $1.94B | $1.42B | $1.38B | $1.42B | $1.32B | $1.38B | $1.35B | $1.40B | $1.31B | $1.41B | $1.45B | $1.52B | $1.42B | $1.50B | $1.18B | $868.87M | $827.69M | $899.67M | $901.59M | $866.45M | $806.65M | $846.05M | $816.57M | $830.25M | $749.78M | $802.09M | $787.14M |
| High Forecast | $2.21B | $2.12B | $2.04B | $1.96B | $1.44B | $1.40B | $1.44B | $1.34B | $1.40B | $1.37B | $1.42B | $1.32B | $1.43B | $1.46B | $1.54B | $1.43B | $1.52B | $1.20B | $879.51M | $837.83M | $899.67M | $913.87M | $878.25M | $817.63M | $857.57M | $827.69M | $841.56M | $759.99M | $813.02M | $797.86M |
| Low Forecast | $2.16B | $2.07B | $1.99B | $1.92B | $1.40B | $1.37B | $1.41B | $1.31B | $1.36B | $1.34B | $1.39B | $1.29B | $1.40B | $1.43B | $1.51B | $1.41B | $1.48B | $1.17B | $859.98M | $819.22M | $899.67M | $896.70M | $861.75M | $802.27M | $841.46M | $812.14M | $825.75M | $745.71M | $797.74M | $782.87M |
| # Analysts | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | - | 1 | 6 | 3 | 3 | 4 | 4 | 2 | 2 | 3 | 3 | 3 | 7 | 7 | 8 | 7 | 10 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.01% | 1.01% | 0.99% | 1.05% | 1.03% | 1.03% | - | 0.98% | 1.01% | 1.03% | 1.06% | 1.02% | 1.03% | 1.07% | 1.03% | 1.03% |
Open Text's average Quarter revenue forecast for Mar 24 based on 0 analysts is $1.45B, with a low forecast of $1.43B, and a high forecast of $1.46B. OTEX's average Quarter revenue forecast represents a -5.85% decrease compared to the company's last Quarter revenue of $1.53B (Dec 23).
Open Text EBITDA Forecast
| Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | - | 1 | 6 | 3 | 3 | 4 | 4 | 2 | 2 | 3 | 3 | 3 | 7 | 7 | 8 | 7 | 10 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $253.87M | $212.89M | $-990.89M | $414.50M | $475.49M | $91.65M | - | $293.38M | $295.55M | $339.69M | $344.06M | $290.99M | $370.10M | $321.45M | $279.79M | $227.03M |
| Avg Forecast | $756.80M | $727.74M | $699.80M | $672.94M | $492.68M | $479.44M | $493.79M | $460.10M | $478.92M | $468.79M | $486.27M | $453.50M | $490.65M | $364.52M | $529.22M | $492.16M | $520.74M | $331.38M | $301.84M | $424.13M | $323.39M | $261.96M | $292.19M | $335.28M | $319.83M | $265.69M | $326.56M | $215.90M | $192.64M | $211.09M |
| High Forecast | $766.07M | $736.66M | $708.37M | $681.18M | $498.71M | $485.31M | $499.83M | $465.73M | $484.79M | $474.53M | $492.22M | $457.04M | $496.66M | $437.43M | $535.70M | $497.12M | $527.12M | $397.66M | $305.53M | $508.96M | $323.39M | $314.36M | $350.63M | $402.34M | $383.80M | $318.82M | $391.87M | $259.08M | $231.17M | $253.31M |
| Low Forecast | $749.05M | $720.29M | $692.64M | $666.05M | $487.64M | $474.53M | $488.73M | $455.39M | $474.02M | $463.99M | $481.29M | $448.85M | $485.63M | $291.62M | $523.80M | $488.22M | $515.41M | $265.11M | $298.75M | $339.31M | $323.39M | $209.57M | $233.75M | $268.23M | $255.87M | $212.55M | $261.25M | $172.72M | $154.11M | $168.88M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.48% | 0.43% | -1.90% | 1.25% | 1.58% | 0.22% | - | 1.12% | 1.01% | 1.01% | 1.08% | 1.10% | 1.13% | 1.49% | 1.45% | 1.08% |
0 analysts predict OTEX's average Quarter EBITDA for Mar 24 to be $364.52M, with a high of $437.43M and a low of $291.62M. This is 43.59% upper than Open Text's previous annual EBITDA (Dec 23) of $253.87M.
Open Text Net Income Forecast
| Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | - | 1 | 6 | 3 | 3 | 4 | 4 | 2 | 2 | 3 | 3 | 3 | 7 | 7 | 8 | 7 | 10 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $37.67M | $80.90M | $-48.78M | $57.56M | $258.49M | $-116.89M | - | $74.68M | $88.34M | $131.91M | $181.28M | $91.49M | $-65.48M | $103.38M | $26.39M | $25.96M |
| Avg Forecast | $373.90M | $354.51M | $393.29M | $315.74M | $308.99M | $291.18M | $318.76M | $258.05M | $257.94M | $245.46M | $272.06M | $225.27M | $277.72M | $97.62M | $331.37M | $247.84M | $236.58M | $88.75M | $209.81M | $164.71M | $208.76M | $70.15M | $87.29M | $130.20M | $168.52M | $83.53M | $-57.77M | $69.43M | $18.17M | $24.14M |
| High Forecast | $379.85M | $360.16M | $399.55M | $320.76M | $313.90M | $295.81M | $323.83M | $262.16M | $262.05M | $249.37M | $276.39M | $241.96M | $282.14M | $117.14M | $336.64M | $267.11M | $240.35M | $106.50M | $213.15M | $197.65M | $208.76M | $84.19M | $104.75M | $156.24M | $202.22M | $100.24M | $-46.22M | $83.32M | $21.81M | $28.97M |
| Low Forecast | $368.92M | $349.79M | $388.05M | $311.53M | $304.87M | $287.30M | $314.52M | $254.61M | $254.51M | $242.20M | $268.44M | $216.93M | $274.02M | $78.10M | $328.63M | $239.58M | $233.44M | $71.00M | $207.02M | $131.76M | $208.76M | $56.12M | $69.84M | $104.16M | $134.81M | $66.83M | $-69.33M | $55.55M | $14.54M | $19.31M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.11% | 0.33% | -0.21% | 0.65% | 1.23% | -0.71% | - | 1.06% | 1.01% | 1.01% | 1.08% | 1.10% | 1.13% | 1.49% | 1.45% | 1.08% |
Open Text's average Quarter net income forecast for Mar 24 is $97.62M, with a range of $78.10M to $117.14M. OTEX's average Quarter net income forecast represents a 159.11% increase compared to the company's last Quarter net income of $37.67M (Dec 23).
Open Text SG&A Forecast
| Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | - | 1 | 6 | 3 | 3 | 4 | 4 | 2 | 2 | 3 | 3 | 3 | 7 | 7 | 8 | 7 | 10 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $453.53M | $403.01M | $470.11M | $398.06M | $254.77M | $245.24M | - | $269.09M | $235.45M | $217.72M | $256.26M | $230.24M | $210.66M | $188.59M | $215.46M | $235.06M |
| Avg Forecast | $615.22M | $591.60M | $568.88M | $547.04M | $400.51M | $389.75M | $401.41M | $374.02M | $389.33M | $381.09M | $395.30M | $368.65M | $398.86M | $351.75M | $430.21M | $400.08M | $423.32M | $319.77M | $245.37M | $271.84M | $246.29M | $252.78M | $232.78M | $214.89M | $238.21M | $210.21M | $185.88M | $126.66M | $148.35M | $218.57M |
| High Forecast | $622.75M | $598.84M | $575.85M | $553.74M | $405.41M | $394.52M | $406.32M | $378.60M | $394.09M | $385.75M | $400.14M | $371.53M | $403.75M | $422.10M | $435.48M | $404.12M | $428.50M | $383.73M | $248.37M | $326.20M | $246.29M | $303.34M | $279.33M | $257.87M | $285.85M | $252.26M | $223.05M | $152.00M | $178.02M | $262.28M |
| Low Forecast | $608.92M | $585.54M | $563.06M | $541.44M | $396.41M | $385.76M | $397.30M | $370.19M | $385.34M | $377.19M | $391.25M | $364.88M | $394.78M | $281.40M | $425.80M | $396.88M | $418.99M | $255.82M | $242.86M | $217.47M | $246.29M | $202.23M | $186.22M | $171.91M | $190.57M | $168.17M | $148.70M | $101.33M | $118.68M | $174.85M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.05% | 1.01% | 1.11% | 1.24% | 1.04% | 0.90% | - | 1.06% | 1.01% | 1.01% | 1.08% | 1.10% | 1.13% | 1.49% | 1.45% | 1.08% |
Open Text's average Quarter SG&A projection for Mar 24 is $351.75M, based on 0 Wall Street analysts, with a range of $281.40M to $422.10M. The forecast indicates a -22.44% fall compared to OTEX last annual SG&A of $453.53M (Dec 23).
Open Text EPS Forecast
| Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | - | 1 | 6 | 3 | 3 | 4 | 4 | 2 | 2 | 3 | 3 | 3 | 7 | 7 | 8 | 7 | 10 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.14 | $0.30 | $-0.18 | $0.21 | $0.96 | $-0.43 | - | $0.28 | $0.32 | $0.48 | $0.66 | $0.34 | $-0.24 | $0.38 | $0.10 | $0.10 |
| Avg Forecast | $1.38 | $1.30 | $1.45 | $1.16 | $1.14 | $1.07 | $1.17 | $0.95 | $0.95 | $0.90 | $1.00 | $0.83 | $1.02 | $0.95 | $1.22 | $0.91 | $0.87 | $0.46 | $0.77 | $0.74 | $0.76 | $0.67 | $0.88 | $0.79 | $0.73 | $0.69 | $0.86 | $0.68 | $0.61 | $0.58 |
| High Forecast | $1.40 | $1.33 | $1.47 | $1.18 | $1.16 | $1.09 | $1.19 | $0.96 | $0.96 | $0.92 | $1.02 | $0.89 | $1.04 | $0.96 | $1.24 | $0.98 | $0.88 | $0.46 | $0.78 | $0.76 | $0.76 | $0.69 | $0.89 | $0.80 | $0.74 | $0.71 | $0.87 | $0.69 | $0.63 | $0.59 |
| Low Forecast | $1.36 | $1.29 | $1.43 | $1.15 | $1.12 | $1.06 | $1.16 | $0.94 | $0.94 | $0.89 | $0.99 | $0.80 | $1.01 | $0.94 | $1.21 | $0.88 | $0.86 | $0.45 | $0.76 | $0.73 | $0.76 | $0.67 | $0.87 | $0.78 | $0.73 | $0.69 | $0.85 | $0.68 | $0.61 | $0.58 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.11% | 0.33% | -0.21% | 0.46% | 1.24% | -0.58% | - | 0.41% | 0.36% | 0.61% | 0.90% | 0.49% | -0.28% | 0.56% | 0.16% | 0.17% |
According to 0 Wall Street analysts, Open Text's projected average Quarter EPS for Mar 24 is $0.95, with a low estimate of $0.94 and a high estimate of $0.96. This represents a 577.20% increase compared to OTEX previous annual EPS of $0.14 (Dec 23).
Open Text Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| LSPD | Lightspeed Commerce | $13.17 | $29.91 | 127.11% | Hold |
| PAYC | Paycom Software | $169.04 | $349.50 | 106.76% | Buy |
| OTEX | Open Text | $31.78 | $43.50 | 36.88% | Hold |
| ABST | Absolute Software | $11.49 | $13.83 | 20.37% | Buy |
| ANSS | ANSYS | $317.25 | $359.60 | 13.35% | Buy |
| PWSC | PowerSchool | $22.77 | $24.08 | 5.75% | Hold |
| BSY | Bentley Systems | $50.13 | $53.00 | 5.73% | Buy |
| ROP | Roper | $551.83 | $582.88 | 5.63% | Buy |
| DSGX | Descartes Systems Group | $99.09 | $99.86 | 0.78% | Buy |
| ETWO | E2open Parent | $4.44 | $4.40 | -0.90% | Hold |
| SSNC | SS&C Technologies | $75.53 | $74.50 | -1.36% | Buy |
| AZPN | Aspen | $233.54 | $220.00 | -5.80% | Buy |
| TYL | Tyler | $579.39 | $538.60 | -7.04% | Buy |
| CDNS | Cadence Design Systems | $274.79 | $248.90 | -9.42% | Buy |
| GWRE | Guidewire Software | $173.03 | $156.30 | -9.67% | Buy |
| PTC | PTC | $175.70 | $154.00 | -12.35% | Buy |
| MANH | Manhattan Associates | $272.54 | $229.33 | -15.85% | Buy |
| SAP | SAP SE | $222.06 | $163.73 | -26.27% | Buy |
| BLKB | Blackbaud | $84.18 | $48.00 | -42.98% | Buy |
OTEX Forecast FAQ
Is Open Text a good buy?
No, according to 9 Wall Street analysts, Open Text (OTEX) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 4 'Buy' recommendations, accounting for 44.44% of OTEX's total ratings.
What is OTEX's price target?
Open Text (OTEX) average price target is $43.5 with a range of $38 to $50, implying a 36.88% from its last price of $31.78. The data is based on 9 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Open Text stock go up soon?
According to Wall Street analysts' prediction for OTEX stock, the company can go up by 36.88% (from the last price of $31.78 to the average price target of $43.5), up by 57.33% based on the highest stock price target, and up by 19.57% based on the lowest stock price target.
Can Open Text stock reach $50?
OTEX's average twelve months analyst stock price target of $43.5 does not support the claim that Open Text can reach $50 in the near future.
What are Open Text's analysts' financial forecasts?
Open Text's analysts financial forecasts for the fiscal year (Jun 2026) are as follows: average revenue is $5.54B (high $5.61B, low $5.49B), average EBITDA is $1.93B (high $1.95B, low $1.91B), average net income is $1.18B (high $1.2B, low $1.16B), average SG&A $1.57B (high $1.58B, low $1.55B), and average EPS is $4.33 (high $4.4, low $4.27). OTEX's analysts financial forecasts for the fiscal year (Jun 2027) are as follows: average revenue is $8.23B (high $8.33B, low $8.14B), average EBITDA is $2.86B (high $2.89B, low $2.83B), average net income is $1.44B (high $1.46B, low $1.42B), average SG&A $2.32B (high $2.35B, low $2.3B), and average EPS is $5.29 (high $5.37, low $5.22).
Did the OTEX's actual financial results beat the analysts' financial forecasts?
Based on Open Text's last annual report (Jun 2023), the company's revenue was $4.48B, which missed the average analysts forecast of $5.28B by -15.01%. Apple's EBITDA was $516.29M, missing the average prediction of $1.9B by -72.85%. The company's net income was $150.38M, missing the average estimation of $908.61M by -83.45%. Apple's SG&A was $1.37B, missing the average forecast of $1.51B by -9.19%. Lastly, the company's EPS was $0.56, missing the average prediction of $3.61 by -84.47%. In terms of the last quarterly report (Dec 2023), Open Text's revenue was $1.53B, beating the average analysts' forecast of $1.52B by 0.75%. The company's EBITDA was $253.87M, missing the average prediction of $529.22M by -52.03%. Open Text's net income was $37.68M, missing the average estimation of $331.37M by -88.63%. The company's SG&A was $453.53M, beating the average forecast of $430.21M by 5.42%. Lastly, the company's EPS was $0.14, missing the average prediction of $1.22 by -88.52%