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UBS Remains a Hold on Open Text (OTEX)

Tipranks - Tipranks - Sat Feb 7, 8:02AM CST

In a report released today, Seth Gilbert CFA from UBS maintained a Hold rating on Open Text, with a price target of $26.00.

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According to TipRanks, Gilbert CFA is an analyst with an average return of 3.7% and a 50.00% success rate. Gilbert CFA covers the Technology sector, focusing on stocks such as Open Text, AppFolio, and Box.

In addition to UBS, Open Text also received a Hold from Barclays’s Raimo Lenschow in a report issued today. However, on February 4, TipRanks – OpenAI reiterated a Buy rating on Open Text (NASDAQ: OTEX).

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The company has a one-year high of C$56.00 and a one-year low of C$30.65. Currently, Open Text has an average volume of 981.3K.

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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