Is Open Text Stock a good buy in 2023, according to Wall Street analysts?
The consensus among 2 Wall Street analysts covering (NASDAQ: OTEX) stock is to Buy OTEX stock.
Out of 2 analysts, 0 (0%) are recommending OTEX as a Strong Buy, 1 (50%) are recommending OTEX as a Buy, 1 (50%) are recommending OTEX as a Hold, 0 (0%) are recommending OTEX as a Sell, and 0 (0%) are recommending OTEX as a Strong Sell.
According to 2 Wall Street analysts that have issued a 1 year OTEX price target, the average OTEX price target is $34.50, with the highest OTEX stock price forecast at $35.00 and the lowest OTEX stock price forecast at $34.00.
On average, Wall Street analysts predict that Open Text's share price could fall to $34.50 by Feb 6, 2024. The average Open Text stock price prediction forecasts a potential downside of 7.66% from the current OTEX share price of $37.36.
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