Citigroup Maintains Neutral on Open Text, Lowers Price Target to $42
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Steven Enders has maintained a Neutral rating on Open Text (NASDAQ:OTEX) and lowered the price target from $44 to $42.

March 22, 2024 | 1:57 pm
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NEUTRAL IMPACT
Citigroup maintains a Neutral rating on Open Text and lowers the price target from $44 to $42.
The adjustment in price target by Citigroup, while maintaining a Neutral stance, suggests a recalibration of expectations without a fundamental change in the company's outlook. This could lead to short-term price stability as the market absorbs the new target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 90