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Open Text (OTEX.TO)

TSE:OTEX

Open Text (OTEX.TO)

31.56
+1.28 (4.23%)
as of Jul 24, 2026, 8:00:00 pm Market Open.
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star iconJul 24, 2026, 12:00 am

This summary was created by AI, based on 22 opinions in the last 12 months.

Open Text (OTEX) has received mixed reviews from experts, reflecting a split sentiment on its current market position. The company is seen as undervalued by some analysts due to its low price-to-earnings ratio and a consistent dividend yield. However, concerns regarding its organic growth, high debt levels, and management issues have led others to classify it as a 'value trap.' The recent performance has been hindered by broader market fears about AI impacting software companies, with ongoing management changes creating uncertainty. While some analysts suggest potential entry points for buying, the overall sentiment conveys caution, with predictions of further instability in the near term as existing competition and market trends shape the future trajectory of Open Text.

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Consensus
Caution
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Valuation
Undervalued
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Similar
CRM
PAST TOP PICK

Open Text(OTEX.TO)

Sep 10, 2020
(A Top Pick Sep 04/19, Up 9%) Provides software to medium/large businesses. It does cloud and content management for companies, so demand is high. 80% of revenues are recurring with high margins. They're seeing strength in government and healthcare. Their Q4 2020 earnings blew past estimates, growing an impressive 11% YOY during a recession. Continues to buy it.
Photo of Brian MaddenBrian Madden
Owned
Unlock Rating
$56.95

Stock price when the opinion was issued

$31.56

As of Jul 24, 2026. Market Open.

computer softwareprocessing
COMMENT

Open Text(OTEX.TO)

Aug 25, 2020

Why is it lagging its Canadian tech peers? They're a little different from Shopify, etc. because they provide AI and cybersecurity to clients. It's up only 2% YTD. The market must be patient with their acquisitions to be accretive, and OTEX is a serial buyer. It drives him crazy that they issue bonds. But growing revenues are possible and they keep increasing their dividend. He owns this plus Shopify and Enghouse.

Photo of David DriscollDavid Driscoll
Owned
Unlock Rating
$58.44

Stock price when the opinion was issued

$31.56

As of Jul 24, 2026. Market Open.

computer softwareprocessing
BUY

Open Text(OTEX.TO)

Aug 04, 2020

Open Text vs. Docebo He prefers OTEX, hands-down. OTEX is a former top pick. Likes their strategy and cloud-based business. They're an active acquirer of other businesses. Offers decent organic growth, not as good as Shopify but with a far lower PE than the latter around 15x. A stable cash flow, too.

Photo of Brian MaddenBrian Madden
Owned
Unlock Rating
$60.29

Stock price when the opinion was issued

$31.56

As of Jul 24, 2026. Market Open.

computer softwareprocessing
BUY

Open Text(OTEX.TO)

Aug 04, 2020
Allan Tong’s Discover Picks I wrote about this stock recently, so I won't repeat my assessment here. However, I will sum things up by saying that OTEX has increased only 5.3% year-to-date, but has the potential to perform much better once the U.S. contains COVID-19 and gets back on the economic track. Read Top 5 Canadian Tech Stocks (DOCKS): Can they skyrocket like the FAANGs? for our full analysis.
Photo of Stockchase DiscoverStockchase Discover
Owned
Unlock Rating
$60.29

Stock price when the opinion was issued

$31.56

As of Jul 24, 2026. Market Open.

computer softwareprocessing
BUY

Open Text(OTEX.TO)

Jul 30, 2020
Great Canadian company. Impressive long-term chart. Long-term holders have been well rewarded. Balance sheet is a little leveraged. A liability with the US CCRA is due. Good scale, growth profile, and dividend. Will probably move forward after Covid. Good risk-adjusted return to buy and hold.
Photo of Darren SissonsDarren Sissons
Owned
Unlock Rating
$59.99

Stock price when the opinion was issued

$31.56

As of Jul 24, 2026. Market Open.

computer softwareprocessing
BUY

Open Text(OTEX.TO)

Jul 28, 2020

Allan Tong’s Discover Picks For growth, this Canadian IT stock deserves a look. It’s been overshadowed by mega-grower, Shopify, and the American tech titans. Year-to-date, OTEX has risen over 4%. Not bad, but tech stock specialist Kim Bolton sees opportunity for it to grow within the red-hot cloud computing space. True, OTEX trades at a PE of 43x, though that’s nothing compared to Shopify and Lightspeed POS. Read Top 4 BNN Stock Picks to Buy this Summer for our full analysis.

Photo of Stockchase DiscoverStockchase Discover
Owned
Unlock Rating
$59.85

Stock price when the opinion was issued

$31.56

As of Jul 24, 2026. Market Open.

computer softwareprocessing
BUY ON WEAKNESS

Open Text(OTEX.TO)

Jul 15, 2020
A darling in the space and he has been trying to buy it. They are Canada's leader in enterprise information management. It offers its customers great economies of scale and they have many opportunities to extract value in the cloud space. In their latest release they delivered great revenue and cash flow growth. If it ever becomes affordable he will buy and use options to ensure he can hold it for the long term. (Analysts’ price target is $62.00)
Photo of Kim BoltonKim Bolton
No
Unlock Rating
$57.60

Stock price when the opinion was issued

$31.56

As of Jul 24, 2026. Market Open.

computer softwareprocessing
PAST TOP PICK

Open Text(OTEX.TO)

Jul 13, 2020
(A Top Pick Sep 09/19, Up 8%) They continue to grow by acquisition, adding some AI. It's been a great grower in recent years. Its valuation is low at only 10x operating cash flows with 12-14x earnings. Not a high-flyer like its tech peers, but he still likes it and will hold it.
Photo of John ZechnerJohn Zechner
Owned
Unlock Rating
$58.04

Stock price when the opinion was issued

$31.56

As of Jul 24, 2026. Market Open.

computer softwareprocessing
STRONG BUY

Open Text(OTEX.TO)

Jul 07, 2020
Has long owned this cloud computing stock. It's acquisitive. 75% of revenues are recurring. Q1 results reflect the work-at-home trend has benefited them. They have 100 million+ users across the world with 90% of revenues outside Canada, namely the U.S. They do an amazing job of synergizing companies they buy. Over decades they outperform the Canadian tech sector. You can buy this and sleep at night.
Photo of Brian MaddenBrian Madden
Owned
Unlock Rating
$58.80

Stock price when the opinion was issued

$31.56

As of Jul 24, 2026. Market Open.

computer softwareprocessing
BUY ON WEAKNESS

Open Text(OTEX.TO)

Jun 10, 2020
It is always on their radar and he kicks himself for not buying on the recent sell off. Very much a leader in information management services, especially under the trend in working from home. He had an entry point in the lower $30s, so he will have to wait to buy on weakness. They picked up a few companies that have expanded their cloud margins and cross-selling opportunities.
Photo of Kim BoltonKim Bolton
No
Unlock Rating
$57.90

Stock price when the opinion was issued

$31.56

As of Jul 24, 2026. Market Open.

computer softwareprocessing
PAST TOP PICK

Open Text(OTEX.TO)

Jun 03, 2020
(A Top Pick May 07/19, Up 12%) At the time he thought they would make an acquisition and they did, adding a cloud based company. They install and sell cloud services. As they continue moving into the cloud the multiples will continue to rise.
Photo of James TelfserJames Telfser
Owned
Unlock Rating
$58.05

Stock price when the opinion was issued

$31.56

As of Jul 24, 2026. Market Open.

computer softwareprocessing
TOP PICK

Open Text(OTEX.TO)

May 29, 2020
A large company with $15 billion marketcap. They are involved in data search and capture. The dividend is well covered with only a 21% payout ratio of cash flow. Recent quarterly reported a 13% sales growth. Earnings expected to grow by 14% next year. Yield 1.7% (Analysts’ price target is $62.21)
Photo of Robert McWhirterRobert McWhirter
No
Unlock Rating
$56.33

Stock price when the opinion was issued

$31.56

As of Jul 24, 2026. Market Open.

computer softwareprocessing
WAIT

Open Text(OTEX.TO)

May 25, 2020
Tech is looking a little overvalued at presence and he has started trimming back. Look for a pullback before buying. This one would be a buy then.
Photo of Andrew PyleAndrew PyleUnlock Rating
$55.46

Stock price when the opinion was issued

$31.56

As of Jul 24, 2026. Market Open.

computer softwareprocessing
BUY ON WEAKNESS

Open Text(OTEX.TO)

May 06, 2020
It is involved in enterprise information management software. They are a darling in the space. Users of their software are the largest users in the space. They picked up some interesting companies to expand cloud revenues. Yesterday, they bought a company out of Quebec that offers a great cross-selling opportunity. He has a target of $43, but is looking to buy in the low $30s.
Photo of Kim BoltonKim Bolton
No
Unlock Rating
$54.38

Stock price when the opinion was issued

$31.56

As of Jul 24, 2026. Market Open.

computer softwareprocessing
COMMENT

Open Text(OTEX.TO)

May 06, 2020

Canadian tech? OTEX and SHOP would be good Canadian tech companies, along with CSU. All well situated for the cloud and e-commerce. He expects to see a market correction, so would wait for lower pricing.

Photo of Kim BoltonKim Bolton
Unknown
Unlock Rating
$54.38

Stock price when the opinion was issued

$31.56

As of Jul 24, 2026. Market Open.

computer softwareprocessing
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