Macquarie Lowers Open Text Corp (OTEX) Price Target to C$40.00

Open Text Corp (TSE:OTEX) (NASDAQ:OTEX) had its price objective dropped by analysts at Macquarie from C$43.00 to C$40.00 in a research note issued on Thursday. Macquarie’s target price would suggest a potential downside of 4.65% from the stock’s current price.

Open Text Corp (OTEX) traded down C$1.40 during trading on Thursday, reaching C$41.95. 1,110,858 shares of the company’s stock were exchanged, compared to its average volume of 406,167. Open Text Corp has a 1 year low of C$38.65 and a 1 year high of C$48.28.

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Open Text Corp Company Profile

Open Text Corporation provides a platform and suite of software products and services that assist organizations in finding, utilizing, and sharing business information from any device. The Company designs, develops, markets and sells Enterprise Information Management (EIM) software and solutions. Its EIM offerings include Enterprise Content Management (ECM), Business Process Management (BPM), Customer Experience Management (CEM), Business Network, Discovery and Analytics.

Analyst Recommendations for Open Text Corp (TSE:OTEX)

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