Open Text (OTEX) Stock Forecast, Price Target & Predictions
OTEX Stock Forecast
Open Text stock forecast is as follows: an average price target of $33.00 (represents a 20.35% upside from OTEX’s last price of $27.42) 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 $33.00 based on 1-year price targets from 9 Wall Street analysts in the past 3 months, with a price target range of $33.00 to $33.00. This represents a potential 20.35% upside from OTEX's last price of $27.42.
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% | 20.35% |
| May 03, 2024 | Steven Li | Raymond James | $48.00 | $29.24 | 64.16% | 75.05% |
| May 03, 2024 | Raimo Lenschow | Barclays | $38.00 | $35.47 | 7.13% | 38.58% |
| May 03, 2024 | Richard Tse | National Bank | $50.00 | $35.47 | 40.96% | 82.35% |
| May 03, 2024 | Thanos Moschopoulos | BMO Capital | $38.00 | $35.47 | 7.13% | 38.58% |
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 20.35% increase from OTEX last price ($27.42).
Open Text Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 5 |
| Avg Price Target | - | $33.00 | $41.40 |
| Last Closing Price | $27.42 | $27.42 | $27.42 |
| Upside/Downside | -100.00% | 20.35% | 50.98% |
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 $27.42. This month's average price target is down -100.00% compared to last quarter, and down -100.00% 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 |
| May 03, 2024 | National Bank | Outperform | Outperform | Hold |
| May 03, 2024 | BMO Capital | Market Perform | Downgrade | |
| Apr 08, 2024 | TD Securities | Buy | Buy | Hold |
| Nov 30, 2023 | RBC Capital | Outperform | Outperform | Hold |
| Aug 05, 2022 | Raymond James | Outperform | Outperform | 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 | $1.38B | $1.37B | $1.30B | $1.37B | $1.35B | $1.33B | $1.28B | $1.36B | $1.32B | $1.29B | $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 | $1.39B | $1.32B | $1.40B | $1.37B | $1.36B | $1.30B | $1.39B | $1.34B | $1.30B | $1.34B | $1.44B | $1.47B | $1.55B | $1.43B | $1.53B | $1.20B | $884.28M | $827.69M | $899.67M | $901.59M | $866.45M | $806.65M | $846.05M | $816.57M | $830.25M | $749.78M | $802.09M | $787.14M |
| Low Forecast | $1.39B | $1.36B | $1.35B | $1.28B | $1.35B | $1.33B | $1.31B | $1.26B | $1.34B | $1.30B | $1.28B | $1.29B | $1.39B | $1.42B | $1.50B | $1.41B | $1.48B | $1.16B | $855.38M | $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 $1.42B, 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 | $478.72M | $466.70M | $462.86M | $438.98M | $464.34M | $455.95M | $450.72M | $431.88M | $460.97M | $445.64M | $436.92M | $443.76M | $477.71M | $364.52M | $515.26M | $479.17M | $507.01M | $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 | $487.21M | $474.97M | $471.06M | $446.76M | $472.57M | $464.03M | $458.71M | $439.53M | $469.14M | $453.54M | $440.25M | $451.62M | $486.18M | $437.43M | $524.39M | $484.01M | $515.99M | $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 | $471.29M | $459.45M | $455.67M | $432.16M | $457.13M | $448.87M | $443.73M | $425.17M | $453.81M | $438.73M | $433.58M | $436.87M | $470.29M | $291.62M | $507.26M | $475.34M | $499.13M | $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 % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.49% | 0.44% | -1.95% | 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 | $326.64M | $305.70M | $321.52M | $283.73M | $288.35M | $272.72M | $273.05M | $246.48M | $245.09M | $226.61M | $241.74M | $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 | $334.16M | $312.74M | $328.94M | $290.27M | $295.00M | $279.01M | $279.35M | $252.16M | $250.73M | $229.10M | $244.36M | $224.18M | $275.17M | $117.14M | $334.14M | $263.28M | $238.56M | $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 | $320.04M | $299.53M | $315.04M | $278.01M | $282.53M | $267.22M | $267.54M | $241.50M | $240.14M | $221.62M | $239.11M | $221.15M | $272.28M | $78.10M | $323.91M | $236.14M | $228.48M | $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 | $399.77M | $389.73M | $386.52M | $366.58M | $387.76M | $380.75M | $376.39M | $360.65M | $384.94M | $372.15M | $364.86M | $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 | $406.86M | $396.64M | $393.37M | $373.08M | $394.64M | $387.50M | $383.06M | $367.04M | $391.77M | $378.74M | $367.65M | $377.14M | $406.00M | $422.10M | $437.91M | $404.18M | $430.90M | $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 | $393.56M | $383.68M | $380.52M | $360.89M | $381.74M | $374.84M | $370.55M | $355.05M | $378.97M | $366.37M | $362.08M | $364.82M | $392.73M | $281.40M | $423.60M | $396.95M | $416.82M | $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 | $1.22 | $1.14 | $1.20 | $1.06 | $1.08 | $1.02 | $1.02 | $0.92 | $0.92 | $0.85 | $0.90 | $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 | $1.08 | $1.10 | $1.04 | $1.04 | $0.94 | $0.94 | $0.86 | $0.91 | $0.84 | $1.03 | $0.96 | $1.25 | $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 | $1.19 | $1.12 | $1.18 | $1.04 | $1.05 | $1.00 | $1.00 | $0.90 | $0.90 | $0.83 | $0.89 | $0.83 | $1.02 | $0.94 | $1.21 | $0.88 | $0.85 | $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 |
|---|---|---|---|---|---|
| ETWO | E2open Parent | $3.10 | $4.20 | 35.48% | Hold |
| ROP | Roper | $536.75 | $652.00 | 21.47% | Buy |
| LSPD | Lightspeed Commerce | $16.50 | $19.50 | 18.18% | Buy |
| OTEX | Open Text | $28.63 | $33.00 | 15.26% | Hold |
| BSY | Bentley Systems | $48.54 | $55.50 | 14.34% | Buy |
| BLKB | Blackbaud | $77.68 | $87.50 | 12.64% | Buy |
| PTC | PTC | $196.90 | $218.00 | 10.72% | Buy |
| AZPN | Aspen | $249.25 | $274.00 | 9.93% | Buy |
| SSNC | SS&C Technologies | $76.03 | $83.50 | 9.83% | Buy |
| DSGX | Descartes Systems Group | $119.25 | $128.60 | 7.84% | Buy |
| ANSS | ANSYS | $343.07 | $359.60 | 4.82% | Buy |
| GWRE | Guidewire Software | $172.49 | $180.57 | 4.68% | Buy |
| SAP | SAP SE | $250.97 | $262.00 | 4.39% | Buy |
| CDNS | Cadence Design Systems | $311.35 | $322.50 | 3.58% | Buy |
| TYL | Tyler | $607.94 | $620.00 | 1.98% | Buy |
| MANH | Manhattan Associates | $295.06 | $297.67 | 0.88% | Buy |
| PAYC | Paycom Software | $232.97 | $182.50 | -21.66% | Hold |