BMO Capital Remains a Buy on Open Text (OTEX)

BMO Capital analyst Thanos Moschopoulos maintained a Buy rating on Open Text (OTEXResearch Report) today and set a price target of C$46.00. The company’s shares closed last Thursday at $41.63.

According to TipRanks.com, Moschopoulos is a 4-star analyst with an average return of 8.1% and a 59.0% success rate. Moschopoulos covers the Technology sector, focusing on stocks such as The Descartes Systems Group, Maxar Technologies, and Copperleaf Tech.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Open Text with a $47.86 average price target.

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Open Text’s market cap is currently $11.25B and has a P/E ratio of 23.79.

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Open Text Corp. engages in the design, development, marketing and sales of enterprise information management software and solutions. It includes customer experience management (CEM), digital process automation, business network, and enterprise content management, discovery, security, and artificial intelligence (AI) and analytics solutions. It also offers consulting, managed, and learning services. The company was founded on June 26, 1991 and is headquartered in Waterloo, Canada.

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