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 51.99% upside from OTEX’s last price of $28.62) and a rating consensus of 'Hold', based on 9 wall street analysts offering a 1-year stock forecast.
OTEX Price Target
OTEX Analyst Ratings
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% | 67.71% |
May 03, 2024 | Raimo Lenschow | Barclays | $38.00 | $35.47 | 7.13% | 32.77% |
May 03, 2024 | Richard Tse | National Bank | $50.00 | $35.47 | 40.96% | 74.70% |
May 03, 2024 | Thanos Moschopoulos | BMO Capital | $38.00 | $35.47 | 7.13% | 32.77% |
Open Text Price Target by Period
1M | 3M | 12M | |
---|---|---|---|
# Anlaysts | - | - | 4 |
Avg Price Target | - | - | $43.50 |
Last Closing Price | $28.62 | $28.62 | $28.62 |
Upside/Downside | -100.00% | -100.00% | 51.99% |
Analyst Ratings Upgrades/Downgrades
Date | Company | Previous Rating | New Rating | Rating Change |
---|---|---|---|---|
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 |
May 03, 2024 | National Bank | Outperform | Outperform | Hold |
May 03, 2024 | BMO Capital | - | Market Perform | Downgrade |
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 | $1.43B | $1.39B | $1.39B | $1.31B | $1.39B | $1.36B | $1.36B | $1.30B | $1.39B | $1.34B | $1.32B | $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 | $1.45B | $1.40B | $1.41B | $1.33B | $1.41B | $1.38B | $1.37B | $1.32B | $1.40B | $1.36B | $1.33B | $1.33B | $1.43B | $1.46B | $1.54B | $1.43B | $1.52B | $1.20B | $879.68M | $827.69M | $899.67M | $901.59M | $866.45M | $806.65M | $846.05M | $816.57M | $830.25M | $749.78M | $802.09M | $787.14M |
Low Forecast | $1.42B | $1.37B | $1.37B | $1.30B | $1.37B | $1.35B | $1.34B | $1.28B | $1.37B | $1.32B | $1.30B | $1.30B | $1.40B | $1.43B | $1.51B | $1.41B | $1.48B | $1.17B | $858.59M | $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 | 4 | 2 | 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 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 | 4 | 2 | 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 | $497.53M | $482.05M | $482.59M | $455.95M | $482.80M | $473.91M | $470.79M | $451.57M | $482.05M | $465.14M | $457.10M | $455.78M | $490.65M | $364.52M | $529.22M | $492.16M | $520.74M | $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 | $503.71M | $488.04M | $488.59M | $461.62M | $488.80M | $479.80M | $476.64M | $457.19M | $488.04M | $470.92M | $462.78M | $461.45M | $496.75M | $437.43M | $535.80M | $497.12M | $527.22M | $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 | $491.63M | $476.34M | $476.87M | $450.55M | $477.08M | $468.30M | $465.21M | $446.22M | $476.34M | $459.63M | $451.69M | $450.38M | $484.84M | $291.62M | $522.95M | $488.22M | $514.58M | $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 % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.48% | 0.43% | -1.90% | 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% |
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 | 4 | 2 | 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 | $332.14M | $310.84M | $326.88M | $288.54M | $294.07M | $278.00M | $278.54M | $251.51M | $249.67M | $230.93M | $246.40M | $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 | $337.51M | $315.86M | $332.16M | $293.20M | $298.83M | $282.50M | $283.04M | $255.58M | $253.71M | $234.66M | $251.43M | $224.18M | $275.17M | $117.14M | $331.89M | $263.28M | $236.95M | $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 | $327.03M | $306.05M | $321.85M | $284.10M | $289.55M | $273.72M | $274.25M | $247.64M | $245.83M | $228.27M | $238.86M | $221.15M | $272.28M | $78.10M | $323.91M | $236.14M | $229.60M | $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 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 | 4 | 2 | 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 | $404.45M | $391.87M | $392.30M | $370.65M | $392.47M | $385.25M | $382.71M | $367.09M | $391.86M | $378.12M | $371.59M | $370.51M | $398.86M | $351.75M | $430.21M | $400.08M | $423.32M | $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 | $409.48M | $396.74M | $397.18M | $375.26M | $397.35M | $390.04M | $387.47M | $371.65M | $396.74M | $382.82M | $376.21M | $375.12M | $403.82M | $422.10M | $435.56M | $404.12M | $428.58M | $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 | $399.66M | $387.23M | $387.66M | $366.26M | $387.83M | $380.69M | $378.18M | $362.74M | $387.22M | $373.64M | $367.19M | $366.13M | $394.14M | $281.40M | $425.11M | $396.88M | $418.31M | $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 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 | 4 | 2 | 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 | $1.24 | $1.16 | $1.22 | $1.08 | $1.10 | $1.04 | $1.04 | $0.94 | $0.93 | $0.86 | $0.92 | $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 | $1.26 | $1.18 | $1.24 | $1.09 | $1.12 | $1.05 | $1.06 | $0.95 | $0.95 | $0.88 | $0.94 | $0.84 | $1.03 | $0.96 | $1.24 | $0.98 | $0.88 | $0.46 | $0.78 | $0.74 | $0.76 | $0.67 | $0.88 | $0.79 | $0.73 | $0.69 | $0.86 | $0.68 | $0.61 | $0.58 |
Low Forecast | $1.22 | $1.14 | $1.20 | $1.06 | $1.08 | $1.02 | $1.02 | $0.92 | $0.92 | $0.85 | $0.89 | $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% |
Open Text Peer Comparison by Price Target
Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
---|---|---|---|---|---|
LSPD | Lightspeed Commerce | $15.11 | $29.27 | 93.71% | Buy |
PAYC | Paycom Software | $211.46 | $339.88 | 60.73% | Hold |
OTEX | Open Text | $28.62 | $43.50 | 51.99% | Hold |
ETWO | E2open Parent | $2.94 | $4.40 | 49.66% | Hold |
ABST | Absolute Software | $11.49 | $13.83 | 20.37% | Buy |
ROP | Roper | $542.08 | $605.11 | 11.63% | Buy |
ANSS | ANSYS | $324.16 | $359.60 | 10.93% | Buy |
BSY | Bentley Systems | $49.05 | $53.00 | 8.05% | Buy |
SSNC | SS&C Technologies | $70.77 | $75.50 | 6.68% | Buy |
AZPN | Aspen | $237.59 | $250.00 | 5.22% | Buy |
MANH | Manhattan Associates | $266.64 | $276.57 | 3.72% | Buy |
DSGX | Descartes Systems Group | $107.30 | $105.00 | -2.14% | Buy |
BLKB | Blackbaud | $76.69 | $74.33 | -3.08% | Buy |
CDNS | Cadence Design Systems | $289.34 | $270.07 | -6.66% | Buy |
TYL | Tyler | $600.61 | $558.00 | -7.09% | Buy |
PTC | PTC | $186.23 | $171.80 | -7.75% | Buy |
GWRE | Guidewire Software | $185.52 | $164.70 | -11.22% | Buy |
SAP | SAP SE | $232.83 | $173.08 | -25.66% | 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 51.99% from its last price of $28.62. 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 51.99% (from the last price of $28.62 to the average price target of $43.5), up by 74.70% based on the highest stock price target, and up by 32.77% based on the lowest stock price target.
Can Open Text stock reach $40?
OTEX's average twelve months analyst stock price target of $43.5 supports the claim that Open Text can reach $40 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 $5.41B (high $5.48B, low $5.35B), average EBITDA is $1.88B (high $1.9B, low $1.86B), average net income is $1.1B (high $1.12B, low $1.09B), average SG&A $1.53B (high $1.55B, low $1.51B), and average EPS is $4.12 (high $4.18, low $4.05). OTEX's analysts financial forecasts for the fiscal year (Jun 2027) are as follows: average revenue is $5.52B (high $5.59B, low $5.46B), average EBITDA is $1.92B (high $1.94B, low $1.9B), average net income is $1.26B (high $1.28B, low $1.24B), average SG&A $1.56B (high $1.58B, low $1.54B), and average EPS is $4.7 (high $4.77, low $4.63).
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, beating the average analysts forecast of $4.38B by 2.45%. Apple's EBITDA was $516.29M, missing the average prediction of $1.46B by -64.66%. The company's net income was $150.38M, missing the average estimation of $620.01M by -75.75%. Apple's SG&A was $1.37B, beating the average forecast of $1.23B by 10.97%. Lastly, the company's EPS was $0.56, missing the average prediction of $2.84 by -80.30%. 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 $326.61M by -88.46%. 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%