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Open Text (OTEX) Gets a Hold from Barclays

Tipranks - Tipranks - Sat Feb 7, 3:30AM CST

In a report released today, Raimo Lenschow from Barclays maintained a Hold rating on Open Text, with a price target of $30.00.

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According to TipRanks, Lenschow is a 4-star analyst with an average return of 6.1% and a 50.41% success rate. Lenschow covers the Technology sector, focusing on stocks such as Oracle, Snowflake, and Microsoft.

In addition to Barclays, Open Text also received a Hold from TipRanks – xAI’s xAi Software – Application in a report issued on February 4. However, on the same day, TipRanks – Google reiterated a Buy rating on Open Text (NASDAQ: OTEX).

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OTEX market cap is currently C$8.09B and has a P/E ratio of 12.04.

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.

Read More on OTEX:

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