Citigroup Maintains Neutral on Open Text, Lowers Price Target to $32
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Steven Enders maintains a Neutral rating on Open Text (NASDAQ:OTEX) but lowers the price target from $37 to $32.
June 26, 2024 | 4:29 pm
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Citigroup analyst Steven Enders maintains a Neutral rating on Open Text (NASDAQ:OTEX) and lowers the price target from $37 to $32.
The lowered price target from $37 to $32 by Citigroup suggests a less optimistic outlook for Open Text, which could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100