Barclays Maintains Equal-Weight on Open Text, Lowers Price Target to $38
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Raimo Lenschow maintains an Equal-Weight rating on Open Text (OTEX) and lowers the price target from $44 to $38.

May 03, 2024 | 2:40 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Barclays maintains an Equal-Weight rating on Open Text and lowers the price target from $44 to $38.
The reduction in price target by Barclays, a major financial institution, suggests a reassessment of Open Text's future financial performance or market position, potentially leading to negative investor sentiment in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100