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Open Text ( (TSE:OTEX) ) has issued an announcement.
On October 2, 2025, Open Text Corporation announced a definitive agreement to divest its eDOCS on-premise solution, part of its Analytics portfolio, to NetDocuments for $163 million in cash. This strategic move aligns with OpenText’s focus on its core business of secure information management for AI, aiming to enhance shareholder value and reduce outstanding debt. The transaction, expected to close by early 2026, will integrate the software, customer contracts, associated services, and employees into NetDocuments, supporting OpenText’s capital allocation framework and future revenue growth.
The most recent analyst rating on (TSE:OTEX) stock is a Hold with a C$40.00 price target. To see the full list of analyst forecasts on Open Text stock, see the TSE:OTEX Stock Forecast page.
Spark’s Take on TSE:OTEX Stock
According to Spark, TipRanks’ AI Analyst, TSE:OTEX is a Outperform.
Open Text’s overall stock score is driven by a positive earnings call outlook and strong technical indicators. While financial performance shows some challenges, the company’s strategic initiatives in AI and cloud, along with reasonable valuation metrics, support a favorable investment case.
To see Spark’s full report on TSE:OTEX stock, click here.
More about Open Text
OpenText is a leading Cloud and AI company that provides organizations worldwide with a comprehensive suite of Business AI, Business Clouds, and Business Technology, focusing on secure information management.
Average Trading Volume: 1,078,247
Technical Sentiment Signal: Buy
Current Market Cap: C$13.37B
See more insights into OTEX stock on TipRanks’ Stock Analysis page.