RBC Capital Maintains Outperform on Open Text, Raises Price Target to $53
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Paul Treiber has maintained an Outperform rating on Open Text (NASDAQ:OTEX) and increased the price target from $50 to $53.
November 30, 2023 | 3:35 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
RBC Capital analyst Paul Treiber reaffirmed an Outperform rating on Open Text and raised the price target to $53, indicating a positive outlook on the stock.
The increase in price target by RBC Capital suggests a bullish outlook on Open Text, which could lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100