CIBC Maintains Neutral on Open Text, Lowers Price Target to $36
Portfolio Pulse from Benzinga Newsdesk
CIBC analyst Stephanie Price maintains a Neutral rating on Open Text (NASDAQ:OTEX) and lowers the price target from $38.5 to $36.
June 21, 2024 | 4:03 pm
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NEGATIVE IMPACT
CIBC analyst Stephanie Price maintains a Neutral rating on Open Text and lowers the price target from $38.5 to $36.
The lowered price target from $38.5 to $36 suggests a less optimistic outlook for Open Text, which could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100