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HMP.TO 0.03SPGP 1ZUQ.TO 0.55NVDA 0.32GL 1.66MRK -1.71IEMG 0.5GEV 33.87
Open Text (OTEX.TO)

TSE:OTEX

Open Text (OTEX.TO)

31.06
+0.54 (1.77%)
as of Jun 12, 2026, 8:00:00 pm Market Open.
501 watching
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Investor Insights
star iconJun 14, 2026, 12:00 am

This summary was created by AI, based on 20 opinions in the last 12 months.

Open Text (OTEX) faces significant challenges as the company navigates a disruptive AI landscape that is reshaping software pricing models and contract renewals. Experts highlight a recent selloff, with concerns about its growth strategy, predominantly driven by acquisitions that have not yielded substantial success. The stock has experienced technical breakdowns, slipping below key support levels, and the company's management changes add to investor uncertainty. Despite some potential for recovery, many experts suggest exploring higher-quality software companies with better execution and growth prospects. Overall, OTEX is perceived as struggling with organic growth while competing with stronger players in the industry.

consensus icon
Consensus
Avoid
valuation icon
Valuation
Overvalued
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Similar
Salesforce, CRM
Unspecified

Open Text(OTEX.TO)

May 29, 2023

It has been cheap for a long time since it hasn't shown growth. It is growing now at 22% and is trading at 8X. Has an imperfect balance sheet.

Photo of Greg NewmanGreg NewmanUnlock Rating
$56.99

Stock price when the opinion was issued

$31.06

As of Jun 12, 2026. Market Open.

computer softwareprocessing
DON'T BUY

Open Text(OTEX.TO)

May 26, 2023

Tech company based in Canada.
Very high debt levels.
Not a good time to buy shares. 
Better names in tech sector. 

Photo of Jason Del VicarioJason Del Vicario
No
Unlock Rating
$56.77

Stock price when the opinion was issued

$31.06

As of Jun 12, 2026. Market Open.

computer softwareprocessing
TOP PICK

Open Text(OTEX.TO)

May 18, 2023

Global, site-based and cloud-based. Installed base of 150M+ users. No customer concentration risk. 80% of revenues are recurring. Sluggish organic grower, but very capable serial acquirer. Just closed most skeptical acquisition, seems to be going well. Shareholder return over 20 years of 13.4%, 10x the TSX tech index. Deeply discounted at 9x earnings vs. its 10-year average of 13x. Yield is 2.38%.

(Analysts’ price target is $63.80)
Photo of Brian MaddenBrian Madden
Owned
Unlock Rating
$55.53

Stock price when the opinion was issued

$31.06

As of Jun 12, 2026. Market Open.

computer softwareprocessing
WEAK BUY

Open Text(OTEX.TO)

May 11, 2023

Not expensive at 9x earnings, huge free cashflow. Growth by acquisition story. Strong revenue growth, but not mirrored in free cashflow growth. Buying it won't hurt you, but he prefers something like MSFT. Yield is 2.3%.

Photo of Paul Harris, CFAPaul Harris, CFA
No
Unlock Rating
$54.49

Stock price when the opinion was issued

$31.06

As of Jun 12, 2026. Market Open.

computer softwareprocessing
BUY

Open Text(OTEX.TO)

Apr 28, 2023

Has recently added position.
Prospects for business positive.
Recent M&A very good for business.
Believes further upside at current share price. 
Lots of recurring revenue. 

Photo of Darren SissonsDarren Sissons
Owned
Unlock Rating
$51.31

Stock price when the opinion was issued

$31.06

As of Jun 12, 2026. Market Open.

computer softwareprocessing
PAST TOP PICK

Open Text(OTEX.TO)

Apr 04, 2023
(A Top Pick Mar 18/20, Up 18%)

It performs when the market is volatile or frothy. Interesting. It bottomed in mid-2022 around $36 and topped in mid-2021 around $72. They gobble a lot of companies. Fine organic growth. Good to buy today.

Photo of Hap (Robert) Sneddon FCSIHap (Robert) Sneddon FCSI
Owned
Unlock Rating
$51.87

Stock price when the opinion was issued

$31.06

As of Jun 12, 2026. Market Open.

computer softwareprocessing
BUY ON WEAKNESS

Open Text(OTEX.TO)

Mar 10, 2023

Does not own shares. Follows closely.
Wait for shares to fall before buying.
Has seen shares really YTD.
Tech sector should expect further recoveries, but expect volatility. 
US Fed rate hikes will affect company (not much upside).


Photo of Brianne GardnerBrianne Gardner
No
Unlock Rating
$47.60

Stock price when the opinion was issued

$31.06

As of Jun 12, 2026. Market Open.

computer softwareprocessing
DON'T BUY

Open Text(OTEX.TO)

Feb 08, 2023

Driven by acquisitions. ROIC has fallen. Better opportunities for new capital in Canadian tech such as CSU or TOI. Good, but not exceptional. If you already hold, hang on.

Photo of Jason Del VicarioJason Del Vicario
No
Unlock Rating
$47.46

Stock price when the opinion was issued

$31.06

As of Jun 12, 2026. Market Open.

computer softwareprocessing
TOP PICK

Open Text(OTEX.TO)

Jan 16, 2023
Shares fell in Q3. It is a lumpy company. Tons of recurring revenues. Growing dividend. Knows the company well. Has owned this on and off over the years. There's been a lot of insider buying from the board. (Analysts’ price target is $55.84)
Photo of Darren SissonsDarren Sissons
Owned
Unlock Rating
$44.23

Stock price when the opinion was issued

$31.06

As of Jun 12, 2026. Market Open.

computer softwareprocessing
BUY

Open Text(OTEX.TO)

Dec 20, 2022
Not in his fund portfolio, but in some separately managed accounts. A leader. Consistently maintains a double-digit growth rate. Couple of missteps, so the stock price took a haircut. Follows it and likes it. (Analysts’ price target is $53.65)
Photo of Kim BoltonKim Bolton
No
Unlock Rating
$39.18

Stock price when the opinion was issued

$31.06

As of Jun 12, 2026. Market Open.

computer softwareprocessing
HOLD

Open Text(OTEX.TO)

Dec 07, 2022
Over 75K enterprise customers, 800K small to medium customers globally. Cloud business is approaching 50% of revenue. Historically, growth by acquisition. Down 35%. How will it be affected by macro headwinds, depth of recession? 9x earnings, organic revenue growth expectations 2-3% range. Cheaper than peers. Attractively valued. A comfortable hold.
Photo of Michael Hakes - CFA, MBAMichael Hakes - CFA, MBA
Owned
Unlock Rating
$37.88

Stock price when the opinion was issued

$31.06

As of Jun 12, 2026. Market Open.

computer softwareprocessing
TOP PICK

Open Text(OTEX.TO)

Dec 06, 2022
A valuation play. Shares have fallen 50% from 2021 highs. All negativity has been absorbed. They continue to expand cloud which sets it up well for 2023. Tech will be a winning category along with bonds in 2023. He targets $50 in 12-18 months. Attractive price now. (Analysts’ price target is $55.84)
Photo of Andrew PyleAndrew Pyle
Owned
Unlock Rating
$38.19

Stock price when the opinion was issued

$31.06

As of Jun 12, 2026. Market Open.

computer softwareprocessing
BUY ON WEAKNESS

Open Text(OTEX.TO)

Nov 11, 2022
Company has navigated tech boom and bust. Tech infrastructure will remain in demand. Current dividend valuable. Valuation presenting good buying opportunity. Waiting for shares to fall further before buying.
Photo of Ryan BushellRyan Bushell
No
Unlock Rating
$39.73

Stock price when the opinion was issued

$31.06

As of Jun 12, 2026. Market Open.

computer softwareprocessing
BUY ON WEAKNESS

Open Text(OTEX.TO)

Oct 28, 2022
Great Canadian tech story. Doesn't own shares in company. Currently going through merger of A&D opportunity. Current tech selloff might be presenting good time to buy.
Photo of Brendan CaldwellBrendan Caldwell
No
Unlock Rating
$40.75

Stock price when the opinion was issued

$31.06

As of Jun 12, 2026. Market Open.

computer softwareprocessing
TOP PICK

Open Text(OTEX.TO)

Oct 11, 2022
More of a spec play, but pays a dividend over 3%. It has been unfairly beaten up this year. Their Google deal is a positive. Has decent fundamentals. Trades at only an 8.3x PE. He will enter this shortly. It's a valuation play. (Analysts’ price target is $61.40)
Photo of Andrew PyleAndrew Pyle
No
Unlock Rating
$35.40

Stock price when the opinion was issued

$31.06

As of Jun 12, 2026. Market Open.

computer softwareprocessing
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Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at: [email protected].

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