CIBC Maintains Neutral on Open Text, Lowers Price Target to $33
Portfolio Pulse from Benzinga Newsdesk
CIBC analyst Stephanie Price maintains a Neutral rating on Open Text (NASDAQ:OTEX) and lowers the price target from $36 to $33.
July 19, 2024 | 3:18 pm
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CIBC analyst Stephanie Price maintains a Neutral rating on Open Text and lowers the price target from $36 to $33.
The lowered price target from $36 to $33 by CIBC 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