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Barclays Sticks to Their Hold Rating for Open Text (OTEX)
Barclays analyst Raimo Lenschow maintained a Hold rating on Open Text on May 8 and set a price target of $27.00. The company’s shares closed last Friday at C$33.81.
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According to TipRanks, Lenschow is a 3-star analyst with an average return of 2.2% and a 47.46% success rate. Lenschow covers the Technology sector, focusing on stocks such as CoreWeave, Microsoft, and Oracle.
Currently, the analyst consensus on Open Text is a Hold with an average price target of $28.38, a -16.06% downside from current levels. In a report released on May 8, RBC Capital also maintained a Hold rating on the stock with a $27.00 price target.
OTEX market cap is currently C$8.2B and has a P/E ratio of 8.13.
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