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Barclays Keeps Their Hold Rating on Open Text (OTEX)

Tipranks - Tipranks - Sat Aug 8, 3:51AM CDT

In a report released today, Raimo Lenschow from Barclays maintained a Hold rating on Open Text, with a price target of $27.00.

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Lenschow covers the Technology sector, focusing on stocks such as Datadog, International Business Machines, and Microsoft. According to TipRanks, Lenschow has an average return of 6.6% and a 51.75% success rate on recommended stocks.

In a report released yesterday, Raymond James also downgraded the stock to a Hold with a $29.50 price target.

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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 2.12M.

Based on the recent corporate insider activity of 53 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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