Analyst Expectations for Open Text's Future
Portfolio Pulse from Benzinga Insights
Open Text (NASDAQ:OTEX) has received 1 somewhat bullish and 3 indifferent analyst ratings in the last quarter. The average price target is $42.5, implying an upside from the current price of $34.73. This average has decreased by 2.3% from the previous average price target of $43.50.
October 16, 2023 | 5:00 pm
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Open Text has received mixed analyst ratings, with an average price target indicating potential upside.
The mixed analyst ratings suggest uncertainty about the company's future performance. However, the average price target, which is higher than the current price, indicates potential upside. This could have a positive impact on the stock price, but the decrease in the average price target could also indicate less optimism about the company's future performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100