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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
PAST TOP PICK

Open Text(OTEX.TO)

Feb 24, 2020
(A Top Pick Nov 14/19, Up 4%) This does well during volatility. He owns a lot of it. This needs to hold above $60 or else it falls into the low-$50s. Trades at light volumes, so can be volatile.
Photo of Hap (Robert) Sneddon FCSIHap (Robert) Sneddon FCSI
Owned
Unlock Rating
$61.31

Stock price when the opinion was issued

$31.06

As of Jun 12, 2026. Market Open.

computer softwareprocessing
BUY

Open Text(OTEX.TO)

Feb 18, 2020

He just bought a lot of this and likes tech, especially those that grow by acquiring like OTEX. It's been good at finding additional products to include in their packages. He likes this for the long-haul. Tech is a safe space in the coming 12-18 months. Canadian tech is cheaper than the U.S. FAANGs, though he owns Netflix and Disney.

Photo of Michael DecterMichael Decter
Owned
Unlock Rating
$63.28

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)

Feb 14, 2020
He sold it recently. They are a leader in enterprise resource planning. It reached his price target at $62 and he took profit. He would love to buy in again on weakness.
Photo of Kim BoltonKim Bolton
No
Unlock Rating
$62.58

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)

Feb 07, 2020
(A Top Pick Feb 11/19, Up 29%) They continue to grow by acquisition. He thinks they will do will well going forward. He owns it personally.
Photo of Robert McWhirterRobert McWhirter
Owned
Unlock Rating
$62.79

Stock price when the opinion was issued

$31.06

As of Jun 12, 2026. Market Open.

computer softwareprocessing
TOP PICK

Open Text(OTEX.TO)

Feb 07, 2020
They just bought Carbonite, which is a leading provider of cloud-based back-up. Their cloud business will continue to rise and grow even faster going forward. You will then see an earnings explosion if they grow quickly. They have owned it for 5 years and continues to buy. (Analysts’ price target is $68.69)
Photo of David DriscollDavid Driscoll
Owned
Unlock Rating
$62.79

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 28, 2020
He just bought it. He likes the tech space. OTEX is the biggest generator in information management done through software. Info analysis is key for companies to compete globally. OTEX is also in the cloud and supply-chain logistics. All tailwinds. Trades at a low 15x earnings. (Analysts’ price target is $63.57)
Photo of Andrew PinkAndrew Pink
Owned
Unlock Rating
$61.31

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 27, 2020

He's owned this for a while. Any dip, he buys. It went up today during a wide market sell-off. They can expand organically with existing customers. They always do well during market volatility, and always a take-out candidate (and one day it will happen). (Analysts’ price target is $63.36)

Photo of Hap (Robert) Sneddon FCSIHap (Robert) Sneddon FCSI
Owned
Unlock Rating
$60.96

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)

Jan 22, 2020
(A Top Pick Jul 24/19, Up 8%) A big holding of his. They can generate more and more recurring revenue from assets they've purchased. They're also moving into the cloud. Their stable has become more stable, which has been a knock against OTEX in the past. The multiple on earnings has been very low in the past, but OTEX will close that gap as they report this year. They execute very well.
Photo of James TelfserJames Telfser
Owned
Unlock Rating
$61.00

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)

Jan 21, 2020
A nice up channel, but we're now at the top. So, wait for a pullback to $50 or so to enter. A channel means buyers are willing to buy ever-rising prices, and you can pick your spot in a channel, particularly the midpoint between the top and bottom of that channel.
Photo of William ChinWilliam ChinUnlock Rating
$61.37

Stock price when the opinion was issued

$31.06

As of Jun 12, 2026. Market Open.

computer softwareprocessing
WEAK BUY

Open Text(OTEX.TO)

Jan 13, 2020
One of the challenges is that it has had a huge run – 35-40%. It is at the point now that it is acquiring bigger companies. It is a quality outfit.
Photo of Darren SissonsDarren Sissons
Owned
Unlock Rating
$59.83

Stock price when the opinion was issued

$31.06

As of Jun 12, 2026. Market Open.

computer softwareprocessing
COMMENT

Open Text(OTEX.TO)

Jan 09, 2020

Prefers this to Shopify. Less demanding multiple at 14-15x. Doesn't have the 30-40% gut-wrenching pullbacks, and sometimes boring is beautiful.

Photo of Brian MaddenBrian Madden
Owned
Unlock Rating
$58.63

Stock price when the opinion was issued

$31.06

As of Jun 12, 2026. Market Open.

computer softwareprocessing
BUY

Open Text(OTEX.TO)

Dec 17, 2019
A solid long-term hold, but doesn't see a breakout coming. Wouldn't be shocked if another company bought this.
Photo of Andrey OmelchakAndrey OmelchakUnlock Rating
$57.62

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)

Dec 09, 2019
(A Top Pick May 07/19, Up 7%) They are great acquirers. Their last acquisition should be 10% accretive, but there are questions about that. But he's not concerned; he's confident based on their track record. Their valuation discount will close when they put up consistent cloud results (which they've been doing) and doing more acquisitions. Buy this int he mid-$50's.
Photo of James TelfserJames Telfser
Owned
Unlock Rating
$56.58

Stock price when the opinion was issued

$31.06

As of Jun 12, 2026. Market Open.

computer softwareprocessing
TOP PICK

Open Text(OTEX.TO)

Nov 14, 2019
It is the most amazing stock. They reported a no-surprise quarter. They just made an acquisition. It has recovered really nicely since July. It is a good core holding. It is fairly tightly held. (Analysts’ price target is $63.07)
Photo of Hap (Robert) Sneddon FCSIHap (Robert) Sneddon FCSI
Owned
Unlock Rating
$57.68

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)

Nov 14, 2019
(A Top Pick May 07/19, Up 10%) Recently got a good kick from recent acquisition. Should be able to make decent money on it. Accretive. Still adding to it.
Photo of James TelfserJames Telfser
Owned
Unlock Rating
$57.68

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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