Open Text

OTEX · TORONTO

$27.95+$0.01 (+0.04%)TodayMarket closed · Oct 23, 7:40 PM ET

Prev close $27.94

OTEX analyst rating

HoldConsensus of 8 analysts over the last 12 months. 25% rate it a buy.

Strong buy0
Buy2
Hold6
Underperform0
Sell0

12-month price target · 3 analysts

Average $34.18 (+22.3% upside)

Low: $33.84
Now: $27.95
High: $35.18

Upgrades and downgrades

The latest rating actions, newest first

OTEX analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Scotiabank	Aug 7, 2026	Maintains	Sector Outperform	$40.00 → $33.00	41%
UBS	Aug 7, 2026	Maintains	Neutral	$25.00 → $27.00	33%
Citigroup	Aug 7, 2026	Maintains	Neutral	$25.00 → $28.00	54%
Citigroup	May 11, 2026	Maintains	Neutral	$26.00 → $25.00	54%
Barclays	May 11, 2026	Maintains	Equal-Weight	$25.00 → $27.00	56%
Scotiabank	May 8, 2026	Maintains	Sector Outperform	$50.00 → $40.00	29%
RBC Capital	May 8, 2026	Maintains	Sector Perform	$30.00 → $27.00	61%
Barclays	Apr 21, 2026	Maintains	Equal-Weight	$30.00 → $25.00	56%
Citigroup	Feb 9, 2026	Maintains	Neutral	$36.00 → $26.00	54%
RBC Capital	Feb 6, 2026	Maintains	Sector Perform	$33.00 → $30.00	61%

The case for and against

Updated Feb 9, 2026

Bull case

Open Text Corp demonstrated significant growth in FY25, with enterprise cloud bookings increasing by 10% year-over-year to reach $772 million. Additionally, the company's cloud revenue from its DevOps and OSM segments also rose by over 10% during the same period, indicating strong demand for its solutions. This performance underlines the effectiveness of Open Text's comprehensive Information Management platform and its appeal to a diverse range of clients globally.

Bear case

Open Text Corp is facing challenges with anticipated organic growth rates projected below consensus, suggesting a weaker financial outlook compared to historical performance. The company's ability to manage its debt levels is also a concern, as current leverage stands at 2.9x net debt/EBITDA, only expected to improve to 2.3x through the potential sale of certain business units. Additionally, a decline in specific product groups, particularly within the Application Development and Maintenance sector, indicates sustained revenue pressures that may hinder long-term profitability.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.