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CIBC Sticks to Their Hold Rating for Open Text (OTEX)
In a report released today, Stephanie Price from CIBC maintained a Hold rating on Open Text, with a price target of $27.00.
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Price covers the Technology sector, focusing on stocks such as The Descartes Systems Group, Kinaxis Inc, and CGI. According to TipRanks, Price has an average return of 7.3% and a 54.69% success rate on recommended stocks.
In addition to CIBC, Open Text also received a Hold from UBS’s Seth Gilbert CFA in a report issued today. However, on the same day, Scotiabank maintained a Buy rating on Open Text (NASDAQ: OTEX).
The company has a one-year high of C$56.00 and a one-year low of C$27.63. Currently, Open Text has an average volume of 1.53M.
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