In a report released on October 3, Kevin Krishnaratne from Scotiabank maintained a Buy rating on Open Text, with a price target of $50.00. The company’s shares opened today at $38.04.
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Krishnaratne covers the Technology sector, focusing on stocks such as Open Text, Shopify, and Kraken Robotics Systems Inc. According to TipRanks, Krishnaratne has an average return of -0.1% and a 41.60% success rate on recommended stocks.
Currently, the analyst consensus on Open Text is a Moderate Buy with an average price target of $37.57.
The company has a one-year high of $39.04 and a one-year low of $22.79. Currently, Open Text has an average volume of 1.48M.
Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of OTEX in relation to earlier this year.
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