Open Text (OTEX) Stock Forecast, Price Target & Predictions
OTEX Stock Forecast
Open Text stock forecast is as follows: an average price target of $41.40 (represents a 43.40% upside from OTEX’s last price of $28.87) 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 $41.40 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 $33.00. This represents a potential 43.40% upside from OTEX's last price of $28.87.
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%), 3 'Buy' (33.33%), 6 'Hold' (66.67%), 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 |
|---|---|---|---|---|---|---|
| Nov 01, 2024 | Paul Treiber | RBC Capital | $33.00 | $28.98 | 13.87% | 14.31% |
| May 03, 2024 | Steven Li | Raymond James | $48.00 | $29.24 | 64.16% | 66.26% |
| May 03, 2024 | Raimo Lenschow | Barclays | $38.00 | $35.47 | 7.13% | 31.62% |
| May 03, 2024 | Richard Tse | National Bank | $50.00 | $35.47 | 40.96% | 73.19% |
| May 03, 2024 | Thanos Moschopoulos | BMO Capital | $38.00 | $35.47 | 7.13% | 31.62% |
The latest Open Text stock forecast, released on Nov 01, 2024 by Paul Treiber from RBC Capital, set a price target of $33.00, which represents a 13.87% increase from the stock price at the time of the forecast ($28.98), and a 14.31% increase from OTEX last price ($28.87).
Open Text Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 1 | 5 |
| Avg Price Target | $33.00 | $33.00 | $41.40 |
| Last Closing Price | $28.87 | $28.87 | $28.87 |
| Upside/Downside | 14.31% | 14.31% | 43.40% |
In the current month, the average price target of Open Text stock is $33.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 14.31% increase as opposed to Open Text's last price of $28.87. This month's average price target is down 0.00% compared to last quarter, and down -20.29% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Nov 01, 2024 | Scotiabank | Sector Perform | Sector Perform | Hold |
| Nov 01, 2024 | RBC Capital | Outperform | Sector Perform | Downgrade |
| Sep 25, 2024 | Citigroup | Neutral | Neutral | Hold |
| 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 |
Open Text's last stock rating was published by Scotiabank on Nov 01, 2024. The company gave OTEX a "Sector Perform" rating, the same as its previous rate.
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 | Jun 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 | $902.45M | $882.28M | $876.80M | $832.31M | $893.53M | $832.93M | $855.64M | $804.01M | $826.61M | $814.68M |
| Avg Forecast | $1.42B | $1.37B | $1.38B | $1.30B | $1.38B | $1.35B | $1.34B | $1.29B | $1.37B | $1.33B | $1.30B | $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 | $1.44B | $1.40B | $1.40B | $1.32B | $1.40B | $1.37B | $1.36B | $1.31B | $1.40B | $1.35B | $1.31B | $1.33B | $1.43B | $1.47B | $1.55B | $1.43B | $1.52B | $1.20B | $882.12M | $827.69M | $899.67M | $901.59M | $866.45M | $806.65M | $846.05M | $816.57M | $830.25M | $749.78M | $802.09M | $787.14M |
| Low Forecast | $1.40B | $1.36B | $1.36B | $1.28B | $1.36B | $1.33B | $1.32B | $1.27B | $1.36B | $1.31B | $1.29B | $1.29B | $1.39B | $1.43B | $1.50B | $1.41B | $1.48B | $1.17B | $857.08M | $827.69M | $899.67M | $901.59M | $866.45M | $806.65M | $846.05M | $816.57M | $830.25M | $749.78M | $802.09M | $787.14M |
| # Analysts | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 6 | 3 | 1 | 1 | 1 | 6 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 10 | 10 | 10 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.01% | 1.01% | 0.99% | 1.05% | 1.03% | 1.03% | 1.00% | 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 1 analysts is $1.45B, with a low forecast of $1.43B, and a high forecast of $1.47B. 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 6 | 3 | 1 | 1 | 1 | 6 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 10 | 10 | 10 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $253.87M | $212.89M | $-990.89M | $414.50M | $475.49M | $91.65M | $289.17M | $293.38M | $295.55M | $339.69M | $344.06M | $290.99M | $370.10M | $321.45M | $279.79M | $227.03M |
| Avg Forecast | $466.29M | $451.79M | $452.29M | $427.33M | $452.49M | $444.16M | $441.24M | $423.22M | $451.79M | $435.94M | $428.41M | $431.14M | $464.12M | $364.52M | $500.60M | $465.54M | $492.59M | $331.38M | $321.41M | $287.53M | $312.53M | $261.96M | $300.99M | $280.22M | $293.91M | $265.69M | $288.42M | $260.47M | $278.64M | $211.09M |
| High Forecast | $473.40M | $458.68M | $459.19M | $433.85M | $459.39M | $450.93M | $447.96M | $429.68M | $458.67M | $442.59M | $431.68M | $437.71M | $471.20M | $437.43M | $508.23M | $470.24M | $500.10M | $397.66M | $385.69M | $287.53M | $312.53M | $314.36M | $300.99M | $280.22M | $293.91M | $318.82M | $288.42M | $260.47M | $278.64M | $253.31M |
| Low Forecast | $459.96M | $445.66M | $446.15M | $421.53M | $446.35M | $438.13M | $435.24M | $417.48M | $445.65M | $430.02M | $425.14M | $425.28M | $457.82M | $291.62M | $493.80M | $461.82M | $485.90M | $265.11M | $257.13M | $287.53M | $312.53M | $209.57M | $300.99M | $280.22M | $293.91M | $212.55M | $288.42M | $260.47M | $278.64M | $168.88M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.51% | 0.46% | -2.01% | 1.25% | 1.48% | 0.32% | 0.93% | 1.12% | 0.98% | 1.21% | 1.17% | 1.10% | 1.28% | 1.23% | 1.00% | 1.08% |
1 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 6 | 3 | 1 | 1 | 1 | 6 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 10 | 10 | 10 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $37.67M | $80.90M | $-48.78M | $57.56M | $258.49M | $-116.89M | $102.20M | $74.68M | $88.34M | $131.91M | $181.28M | $91.49M | $-65.48M | $103.38M | $26.39M | $25.96M |
| Avg Forecast | $329.09M | $307.98M | $323.88M | $285.88M | $291.37M | $275.45M | $275.98M | $249.20M | $247.38M | $228.80M | $244.13M | $222.67M | $273.73M | $97.62M | $326.61M | $244.28M | $233.19M | $88.75M | $96.02M | $202.05M | $207.76M | $70.15M | $238.29M | $213.37M | $198.73M | $83.53M | $232.48M | $185.09M | $166.99M | $24.14M |
| High Forecast | $335.61M | $314.09M | $330.30M | $291.55M | $297.14M | $280.91M | $281.45M | $254.14M | $252.28M | $231.32M | $246.79M | $224.18M | $275.17M | $117.14M | $333.08M | $263.28M | $237.81M | $106.50M | $115.23M | $202.05M | $207.76M | $84.19M | $238.29M | $213.37M | $198.73M | $100.24M | $232.48M | $185.09M | $166.99M | $28.97M |
| Low Forecast | $323.28M | $302.54M | $318.16M | $280.84M | $286.23M | $270.58M | $271.10M | $244.80M | $243.01M | $223.77M | $241.48M | $221.15M | $272.28M | $78.10M | $323.91M | $236.14M | $229.07M | $71.00M | $76.82M | $202.05M | $207.76M | $56.12M | $238.29M | $213.37M | $198.73M | $66.83M | $232.48M | $185.09M | $166.99M | $19.31M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.12% | 0.33% | -0.21% | 0.65% | 2.69% | -0.58% | 0.49% | 1.06% | 0.37% | 0.62% | 0.91% | 1.10% | -0.28% | 0.56% | 0.16% | 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 6 | 3 | 1 | 1 | 1 | 6 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 10 | 10 | 10 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $453.53M | $403.01M | $470.11M | $398.06M | $254.77M | $245.24M | $271.94M | $269.09M | $235.45M | $217.72M | $256.26M | $230.24M | $210.66M | $188.59M | $215.46M | $235.06M |
| Avg Forecast | $400.79M | $388.32M | $388.76M | $367.30M | $388.93M | $381.77M | $379.25M | $363.77M | $388.32M | $374.70M | $368.23M | $370.57M | $398.93M | $351.75M | $430.28M | $400.15M | $423.39M | $319.77M | $256.05M | $233.74M | $254.06M | $252.78M | $244.68M | $227.80M | $238.92M | $210.21M | $234.46M | $211.74M | $226.51M | $218.57M |
| High Forecast | $406.90M | $394.25M | $394.69M | $372.90M | $394.86M | $387.59M | $385.04M | $369.32M | $394.24M | $380.41M | $371.04M | $376.22M | $405.01M | $422.10M | $436.84M | $404.18M | $429.85M | $383.73M | $307.26M | $233.74M | $254.06M | $303.34M | $244.68M | $227.80M | $238.92M | $252.26M | $234.46M | $211.74M | $226.51M | $262.28M |
| Low Forecast | $395.35M | $383.05M | $383.48M | $362.31M | $383.65M | $376.59M | $374.10M | $358.83M | $383.05M | $369.61M | $365.42M | $365.54M | $393.51M | $281.40M | $424.44M | $396.95M | $417.64M | $255.82M | $204.84M | $233.74M | $254.06M | $202.23M | $244.68M | $227.80M | $238.92M | $168.17M | $234.46M | $211.74M | $226.51M | $174.85M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.05% | 1.01% | 1.11% | 1.24% | 1.00% | 1.05% | 1.07% | 1.06% | 0.96% | 0.96% | 1.07% | 1.10% | 0.90% | 0.89% | 0.95% | 1.08% |
Open Text's average Quarter SG&A projection for Mar 24 is $351.75M, based on 1 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 6 | 3 | 1 | 1 | 1 | 6 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 10 | 10 | 10 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.14 | $0.30 | $-0.18 | $0.21 | $0.96 | $-0.43 | $0.38 | $0.28 | $0.32 | $0.48 | $0.66 | $0.34 | $-0.24 | $0.38 | $0.10 | $0.10 |
| Avg Forecast | $1.23 | $1.15 | $1.21 | $1.07 | $1.09 | $1.03 | $1.03 | $0.93 | $0.92 | $0.85 | $0.91 | $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 | $1.25 | $1.17 | $1.23 | $1.09 | $1.11 | $1.05 | $1.05 | $0.95 | $0.94 | $0.86 | $0.92 | $0.84 | $1.03 | $0.96 | $1.24 | $0.98 | $0.89 | $0.47 | $0.79 | $0.74 | $0.76 | $0.67 | $0.88 | $0.79 | $0.73 | $0.69 | $0.86 | $0.68 | $0.61 | $0.58 |
| Low Forecast | $1.21 | $1.13 | $1.19 | $1.05 | $1.07 | $1.01 | $1.01 | $0.91 | $0.91 | $0.84 | $0.90 | $0.83 | $1.02 | $0.94 | $1.21 | $0.88 | $0.86 | $0.45 | $0.76 | $0.74 | $0.76 | $0.67 | $0.88 | $0.79 | $0.73 | $0.69 | $0.86 | $0.68 | $0.61 | $0.58 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.11% | 0.33% | -0.21% | 0.46% | 1.24% | -0.58% | 0.50% | 0.41% | 0.36% | 0.61% | 0.90% | 0.49% | -0.28% | 0.56% | 0.16% | 0.17% |
According to 1 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 | $17.59 | $29.49 | 67.65% | Buy |
| PAYC | Paycom Software | $219.78 | $340.31 | 54.84% | Hold |
| ETWO | E2open Parent | $3.01 | $4.40 | 46.18% | Hold |
| OTEX | Open Text | $28.87 | $41.40 | 43.40% | Hold |
| ABST | Absolute Software | $11.49 | $13.83 | 20.37% | Buy |
| BSY | Bentley Systems | $46.69 | $52.33 | 12.08% | Buy |
| ROP | Roper | $549.45 | $605.11 | 10.13% | Buy |
| ANSS | ANSYS | $342.24 | $359.60 | 5.07% | Buy |
| AZPN | Aspen | $245.30 | $254.40 | 3.71% | Buy |
| SSNC | SS&C Technologies | $73.43 | $75.50 | 2.82% | Buy |
| MANH | Manhattan Associates | $271.56 | $276.57 | 1.84% | Buy |
| DSGX | Descartes Systems Group | $114.13 | $109.63 | -3.94% | Buy |
| TYL | Tyler | $601.14 | $558.00 | -7.18% | Buy |
| PTC | PTC | $188.50 | $172.00 | -8.75% | Buy |
| CDNS | Cadence Design Systems | $304.01 | $276.07 | -9.19% | Buy |
| BLKB | Blackbaud | $83.02 | $74.33 | -10.47% | Buy |
| GWRE | Guidewire Software | $197.23 | $164.70 | -16.49% | Buy |
| SAP | SAP SE | $235.02 | $173.08 | -26.36% | Buy |