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Open Text ( (TSE:OTEX) ) has shared an announcement.
On October 1, 2025, OpenText announced the appointment of Steve Rai as Executive Vice President and Chief Financial Officer, effective October 6, 2025. Rai, who has over 30 years of experience in global finance and a strong background in the technology industry, previously served as CFO of BlackBerry Limited. His appointment is expected to drive OpenText’s next phase of growth and strategic vision, especially in the age of AI. Interim CEO James McGourley expressed confidence in Rai’s leadership and expertise, while also thanking Cosmin Balota for his interim role as CFO.
The most recent analyst rating on (TSE:OTEX) stock is a Buy with a C$50.00 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. The company focuses on helping organizations grow, innovate, and become more efficient through trusted and secure information management.
Average Trading Volume: 1,078,445
Technical Sentiment Signal: Buy
Current Market Cap: C$13.35B
For an in-depth examination of OTEX stock, go to TipRanks’ Overview page.