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CIBC Remains a Hold on Open Text (OTEX)

Tipranks - Tipranks - Sat Nov 8, 2025

In a report released today, Stephanie Price from CIBC maintained a Hold rating on Open Text, with a price target of $40.00.

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Price covers the Technology sector, focusing on stocks such as Open Text, CGI, and Kinaxis Inc. According to TipRanks, Price has an average return of 8.8% and a 57.26% success rate on recommended stocks.

In addition to CIBC, Open Text also received a Hold from Barclays’s Raimo Lenschow in a report issued today. However, yesterday, Scotiabank maintained a Buy rating on Open Text (NASDAQ: OTEX).

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Based on Open Text’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of C$1.31 billion and a net profit of C$28.83 million. In comparison, last year the company earned a revenue of C$1.36 billion and had a net profit of C$248.23 million

Based on the recent corporate insider activity of 29 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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