RBC Capital Reiterates Outperform on Open Text, Maintains $53 Price Target
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Paul Treiber has reiterated an Outperform rating on Open Text (NASDAQ:OTEX), maintaining a price target of $53.
February 02, 2024 | 4:52 pm
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RBC Capital maintains an Outperform rating on Open Text with a $53 price target.
The reiteration of an Outperform rating by a reputable analyst like Paul Treiber, along with a maintained price target of $53, suggests a positive outlook for Open Text's stock. This endorsement could lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100