Barclays Maintains Equal-Weight on Open Text, Lowers Price Target to $34
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Raimo Lenschow maintains an Equal-Weight rating on Open Text (NASDAQ:OTEX) but lowers the price target from $36 to $34.

November 01, 2024 | 5:38 pm
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Barclays analyst Raimo Lenschow maintains an Equal-Weight rating on Open Text but lowers the price target from $36 to $34.
The lowering of the price target from $36 to $34 by Barclays suggests a less optimistic outlook on Open Text's stock performance, which could lead to a negative short-term impact on the stock price. The Equal-Weight rating indicates a neutral stance, but the reduced price target is likely to weigh on investor sentiment.
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