What 4 Analyst Ratings Have To Say About Open Text
Portfolio Pulse from Benzinga Insights
Over the past 3 months, 4 Wall Street analysts have published their opinions on Open Text (NASDAQ:OTEX), with 2 giving a somewhat bullish rating and 2 remaining indifferent. The average 12-month price target for OTEX is $42.75, with a high of $48.00 and a low of $38.00, representing a 6.56% decrease from the previous target of $45.75.
November 29, 2023 | 3:00 pm
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NEUTRAL IMPACT
Open Text received mixed analyst ratings, with an updated average price target of $42.75, indicating a 6.56% decrease from the previous target.
The mixed analyst ratings with a somewhat bullish lean suggest a neutral short-term impact on OTEX's stock price. The decrease in the average price target may be factored in by the market, but as there are no strong bearish sentiments, the stock is unlikely to experience significant volatility based on this news alone.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100