Open Text Corp (OTEX) Stock Forecast & Predictions

Open Text Corp OTEX: $46.43

275 Frank Tompa Dr, Waterloo, Ontario, Canada. | Sector: Information | Exchange: NASDAQ | Web: www.opentext.com

  • Market Cap$12.80B
  • Change (52 Weeks)2.83%
  • Low (52 Weeks)$43.46
  • Open Text Corp (OTEX) Stock Forecast By Analysts


    Strong Buy
    Analysts Recommendations for Open Text Corp (OTEX) is based on 10 Institutional Analyst Ratings where 60.00% are on Strong Buy, 30.00% on Moderate Buy, 10.00% remains on Hold, 0.00% are on Moderate Sell and 0.00% are on Strong Sell.

    Out of 10 Institutional Analysts, majority recommended OTEX stock as Strong Buy. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Open Text Corp.

    Open Text Corp (OTEX) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    ScotiaBankFinancialOutperformMaintained
    SbankOutperformInitiated
    RJ FinancialOutperformInitiated
    TD SecuritiesBuyUpgraded
    RBC CapitalOutperformUpgraded
    Raymond James FinancialOutperformUpgraded
    CIBC World MarketsOutperformUpgraded
    National Bank FinancialOutperformInitiated
    National Bank FinancialOutperformUpgraded
    Raymond James FinancialOutperformInitiated
    Raymond James FinancialOutperformUpgraded
    Raymond James FinancialOutperformUpgraded
    TD SecuritiesUpgraded
    RBC CapitalOutperformUpgraded
    Raymond James FinancialOutperformUpgraded
    National Bank FinancialOutperformUpgraded
    PI FinancialNeutralUpgraded
    CitigroupNeutralMaintained
    BarclaysOverweightMaintained
    PI FinancialNeutralInitiated
    BMO CapitalOutperformMaintained
    PI FinancialNeutralUpgraded
    PI FinancialSellUpgraded
    PI FinancialSellInitiated
    CitigroupNeutralMaintained
    RBC CapitalOutperformMaintained
    Raymond James FinancialOutperformInitiated
    BarclaysUpgraded
    BarclaysUpgraded
    BarclaysOverweightMaintained
    BMO Capital MarketsDowngraded
    BarclaysUpgraded
    BMO Capital MarketsOutperformInitiated
    BarclaysOverweightMaintained
    Macquarie ResearchDowngraded
    MacquarieUnderperformDowngraded
    BarclaysOverweightMaintained
    CitigroupNeutralInitiated
    Mitsubishi UFJOverweightInitiated
    National Bank FinancialOutperformInitiated
    BMO CapitalOutperformUpgraded
    DundeeBuyUpgraded
    TD SecuritiesBuyInitiated
    BarclaysOverweightMaintained
    BarclaysOverweightMaintained
    RBC CapitalOutperformUpgraded
    BarclaysOverweightMaintained
    BarclaysOverweightMaintained
    SusquehannaNeutralMaintained
    RBC CapitalSector PerformMaintained
    BarclaysOverweightMaintained
    DundeeBuyInitiated
    Credit SuisseNeutralDowngraded
    BarclaysOverweightMaintained
    Beacon SecuritiesHoldInitiated
    BarclaysOverweightInitiated
    Credit SuisseOutperformUpgraded
    CIBCMaintained
    PI FinancialNeutralDowngraded
    SusquehannaNeutralUpgraded
    BMO CapitalMarket PerformMaintained
    PI FinancialBuyUpgraded
    BMO CapitalMarket PerformMaintained
    Credit SuisseNeutralUpgraded
    Paradigm CapitalBuyUpgraded
    BMO CapitalMarket PerformMaintained
    Cantor FitzgeraldHoldDowngraded
    BenchmarkBuyUpgraded
    Paradigm CapitalHoldDowngraded
    Clarus SecuritiesBuyInitiated
    Cantor FitzgeraldBuyUpgraded
    Credit SuisseUnderperformDowngraded
    StifelHoldDowngraded
    Stifel NicolausBuyMaintained
    PI FinancialNeutralDowngraded
    BMO CapitalMarket PerformMaintained
    Cantor FitzgeraldHoldInitiated
    BenchmarkHoldMaintained
    Versant PartnersBuyUpgraded
    Versant PartnersBuyUpgraded
    Stifel NicolausBuyMaintained
    Raymond JamesOutperformMaintained
    Versant PartnersNeutralMaintained
    Credit SuisseNeutralInitiated
    Credit SuisseNeutralInitiated
    Paradigm CapitalBuyMaintained
    Versant PartnersNeutralDowngraded
    Stifel NicolausBuyMaintained
    Raymond JamesOutperformMaintained
    PI FinancialBuyMaintained
    BMO CapitalMarket PerformMaintained

    Open Text Corp (OTEX) Stock Earning Per Share (EPS) Forecast / Estimate


    $0.816
    The average consensus EPS for OTEX is $0.816 with a high estimate of $0.882 and Low of $0.755 for the period 2022-03-31 and based on 8 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $0.8$0.75232021-12-31


    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $0.83$0.81772022-03-31
    $0.8$0.75232021-12-31
    $0.75$0.70722021-09-30
    $0.95$0.86362021-06-30
    $0.89$0.67892021-03-31
    $0.8$0.62682020-12-31
    $0.61$0.58142020-09-30
    $0.84$0.80212020-06-30
    $0.64$0.63852020-03-31
    $0.72$0.73442019-12-31
    $0.64$0.62122019-09-30
    $0.8$0.73112019-06-30
    $0.6$0.60082019-03-31
    $0.72$0.69012018-12-31
    $0.54$0.63592018-09-30
    $0.76$0.64562018-06-30
    $0.54$0.55062018-03-31
    $0.6$0.58612017-12-31
    $0.45$0.50182017-09-30
    $0.54$0.52982017-06-30
    $0.43$0.45112017-03-31
    $0.445$0.47742016-12-31
    $0.4$0.42732016-09-30
    $0.505$0.45712016-06-30
    $0.42$0.40062016-03-31
    $0.435$0.35262015-12-31
    $0.33$0.45452015-09-30
    $0.485$0.50132015-06-30
    $0.485$0.43972015-03-31
    $0.525$0.47942014-12-31
    $0.42$0.40492014-09-30
    $0.395$0.38462014-06-30
    $0.3425$0.32962014-03-31
    $0.3575$0.3632013-12-31
    $0.315$0.33152013-09-30
    $0.395$0.35562013-06-30
    $0.3275$0.29862013-03-31
    $0.2925$0.29282012-12-31
    $0.2525$0.29812012-09-30
    $0.3475$0.31422012-06-30

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).