UBS initiated coverage of Open Text with a rating of Neutral and set a new price target of $32.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/15/2025 | $45.00 | Sector Perform → Outperform | National Bank Financial |
| 8/12/2025 | $33.00 | Buy → Hold | Jefferies |
| 12/17/2024 | $32.00 | Neutral | UBS |
| 11/1/2024 | $45.00 → $33.00 | Outperform → Sector Perform | RBC Capital Mkts |
| 8/2/2024 | Outperform → Sector Perform | National Bank Financial | |
| 5/3/2024 | $50.00 → $38.00 | Outperform → Market Perform | BMO Capital Markets |
| 2/27/2024 | $45.00 | Buy | Jefferies |
| 3/22/2023 | $41.00 | Equal Weight | Barclays |
8-K - OPEN TEXT CORP (0001002638) (Filer)
10-Q - OPEN TEXT CORP (0001002638) (Filer)
8-K - OPEN TEXT CORP (0001002638) (Filer)
WATERLOO, ON, May 29, 2026 /CNW/ -- OpenText™ (NASDAQ/TSX:OTEX), a global leader in data management for enterprise AI, today joined the OECD's Hiroshima AI Process (HAIP) Reporting Framework, the international mechanism where organizations demonstrate alignment with the G7's voluntary code of conduct for the safe development and deployment of advanced AI. "Trust in AI begins with the data underneath the model and how it is governed, protected and contextualized," said Ayman Antoun, Chief Executive Officer of OpenText. "OpenText has been building that foundation for 35 years. Our participation in HAIP is a natural extension of t
WALTHAM, Mass., May 11, 2026 (GLOBE NEWSWIRE) -- Rocket Software, Inc. ("Rocket Software"), a global technology leader in modernization software, today announced the completion of its acquisition of Vertica®, an enterprise-grade analytics database platform, from OpenText (NASDAQ:OTEX), (TSX:OTEX). The acquisition advances Rocket Software's strategy to bring intelligence to modernization by combining trusted core systems with high-performance analytics and AI to help enterprises unlock the full potential of their data. The acquisition brings more than 600 global customers and 170 employees to Rocket Software's global organization. "For more than 35 years, Rocket Software has been the mod
Transaction advances OpenText's strategy, divesting non-core structured data analytics platformWATERLOO, ON, May 11, 2026 /CNW/ -- Open Text™ Corporation (NASDAQ/TSX:OTEX), a global leader in data management for enterprise AI, today announced the completion of its divestiture of Vertica to Rocket Software Inc., a Bain Capital portfolio company, for US$150 million in cash before taxes, fees, and other adjustments. "This transaction is consistent with our non-core divestiture strategy and our disciplined approach to capital allocation. The divestiture of Vertica demonstrates that
3 - OPEN TEXT CORP (0001002638) (Reporting)
National Bank Financial upgraded Open Text from Sector Perform to Outperform and set a new price target of $45.00
Jefferies downgraded Open Text from Buy to Hold and set a new price target of $33.00
UBS initiated coverage of Open Text with a rating of Neutral and set a new price target of $32.00
WATERLOO, ON, May 29, 2026 /CNW/ -- OpenText™ (NASDAQ/TSX:OTEX), a global leader in data management for enterprise AI, today joined the OECD's Hiroshima AI Process (HAIP) Reporting Framework, the international mechanism where organizations demonstrate alignment with the G7's voluntary code of conduct for the safe development and deployment of advanced AI. "Trust in AI begins with the data underneath the model and how it is governed, protected and contextualized," said Ayman Antoun, Chief Executive Officer of OpenText. "OpenText has been building that foundation for 35 years. Our participation in HAIP is a natural extension of t
WATERLOO, ON, April 20, 2026 /CNW/ -- Open Text Corporation (NASDAQ:OTEX), (TSX:OTEX) today announced that James McGourlay will transition from Interim Chief Executive Officer to President, Chief Client Officer, effective April 20, 2026. In this role, Mr. McGourlay will lead OpenText's global client experience, professional services, and renewals organization. This appointment reinforces OpenText's focus on delivering strong client outcomes as the company drives growth across its core products and accelerates cloud migration. Mr. McGourlay will report to Ayman Antoun, CEO of Ope
Proven global technology leader to drive disciplined growth in cloud modernization and enterprise AI WATERLOO, ON, Jan. 29, 2026 /PRNewswire/ -- OpenText Corporation (NASDAQ:OTEX) (TSX:OTEX) ("OpenText" or the "Company") today announced that its Board of Directors ("Board") has appointed Ayman Antoun as Chief Executive Officer and a member of the Board, effective April 20, 2026. Mr. Antoun brings more than three decades of global technology, operating discipline and transformation leadership to OpenText, built over a seasoned career in the information technology industry. As P
SC 13G/A - OPEN TEXT CORP (0001002638) (Subject)
SC 13G/A - OPEN TEXT CORP (0001002638) (Subject)
SC 13G/A - OPEN TEXT CORP (0001002638) (Subject)
Total Revenues of $1.28B, Cloud Revenue Grows 6.6% Y/Y Delivers Net Income Margin of 13%, Robust Adjusted EBITDA Margin of 34% Ayman Antoun Officially Joins as OpenText CEO effective April 20, 2026 Fiscal 2026 Third Quarter Highlights (in millions)(1)Total RevenuesCloud RevenuesProfitabilityDiluted EPSCash FlowsNet IncomeA-EBITDAGAAPNon-GAAPOperatingFree Cash Flows$1,283$493$173$438$0.70$1.01$355$305+2.2% Y/Y+6.6% Y/Y13.5% margin34.1% margin+100.0% Y/Y+23.2% Y/Y-11.8% Y/Y-18.4% Y/Y WATERLOO, ON, May 7, 2026 /CNW/ -- Open Text Corporation (NASDAQ:OTEX), (TSX:OTEX), today announced its financial results for the third quarter ended March 31, 2026.
Company Reports Preliminary Q3FY26 Revenue Expectations of Approximately US$1.28 BillionWATERLOO, ON, April 10, 2026 /CNW/ -- Open Text Corporation (NASDAQ:OTEX), (TSX:OTEX), announced today preliminary third quarter fiscal year 2026 revenue expectation of approximately US$1.28 billion. OpenText will release its full financial results for its third quarter fiscal year 2026 on Thursday, May 7, 2026, at approximately 4:00 p.m. ET. "We thank our clients for their continued partnership and look forward to discussing our full fiscal Q3 results in early May," said James McGourlay, Int
WATERLOO, ON, Feb. 10, 2026 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX:OTEX) (the Company), today announced that it has increased its previously announced Fiscal 2026 share repurchase program by US$200 million, whereby it intends to purchase for cancellation up to a maximum aggregate value of US$500 million of its common shares (Common Shares) pursuant to a normal course issuer bid (NCIB). The maximum number of Common Shares that may be acquired under the NCIB will remain unchanged at the 24,906,456 Common Shares, which was previously approved by the Toronto Stock Exchange (TSX).