
Open Text (OTEX) Stock Forecast & Price Target
Open Text (OTEX) Analyst Ratings
Bulls say
OpenText Corp reported a 10% year-over-year increase in enterprise cloud bookings, amounting to $772 million for FY25, indicating strong demand for its Information Management software and solutions. Additionally, the company's cloud revenue from DevOps and OpenShift Management (OSM) grew by over 10% year-over-year during the same period, reflecting robust performance in its cloud services. With these positive trends in revenue growth, OpenText demonstrates a solid advancement in its market position, particularly within its diverse cloud offerings.
Bears say
Open Text Corp is facing a challenging outlook as indicated by the projected decline in its Application Development and Maintenance (ADM) product group, expected to drop by 0% to 5% annually over the medium term. The current leverage ratio of 2.9x net debt to EBITDA is concerning, even with potential sales of underperforming business units which could only reduce this ratio to 2.3x. Furthermore, the company's organic growth forecasts fall below consensus expectations, indicating subdued market performance moving forward.
This aggregate rating is based on analysts' research of Open Text and is not a guaranteed prediction by Public.com or investment advice.
Open Text (OTEX) Analyst Forecast & Price Prediction
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