Citigroup Maintains Neutral on Open Text, Raises Price Target to $34
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Steven Enders maintains a Neutral rating on Open Text (NASDAQ:OTEX) and raises the price target from $32 to $34.
September 25, 2024 | 6:28 pm
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Citigroup has maintained its Neutral rating on Open Text but raised the price target from $32 to $34, indicating a slightly more positive outlook.
The increase in price target from $32 to $34 suggests a slightly more optimistic view on Open Text's future performance, which could positively influence investor sentiment in the short term. However, the Neutral rating indicates that Citigroup does not expect significant outperformance.
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