BMO Capital Maintains Outperform on Open Text, Raises Price Target to $48
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Thanos Moschopoulos has maintained an Outperform rating on Open Text (NASDAQ:OTEX) and increased the price target from $45 to $48.
November 29, 2023 | 2:01 pm
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BMO Capital analyst has reaffirmed an Outperform rating on Open Text and raised the price target to $48, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst typically suggests a bullish view on the stock, which can lead to increased investor confidence and potentially drive the stock price up in the short term.
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