Raymond James analyst Steven Li lowered the firm’s price target on OpenText to $48 from $55 and keeps an Outperform rating on the shares. OpenText reported a “noisy” quarter with a clear miss on EBITDA margin guidance while 2025 free cash flow looks good, the analyst tells investors in a research note. If OpenText can deliver on the higher organic growth targets of 2%-4% it has laid out, sacrificing margins for growth would have been worth it, Raymond James argues.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on OTEX:
- OpenText Reports Q3 F’24 Financial Results
- Open Text Corp. Enhances Portfolio with Strategic Asset Sale
- OpenText Completes Divestiture of Application Modernization and Connectivity (AMC) Business to Rocket Software for $2.275B
- OpenText completes divestiture of AMC business to Rocket Software
- Open Text Corporation (OTEX) Q3 Earnings Cheat Sheet