TSE:OTEX
48.13
0.84
(1.72%)
OpenText Corporation is a Canadian company that develops and sells enterprise information management software.
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Analysis and Opinions about OTEX-T
Signal
Opinion
Expert
TOP PICK
TOP PICK
March 10, 2020
A cloud IT services company. Very profitable as a rapid growth by acquisition story, spending $6.2 billion in the last 5-6 years. Good valuation and are operating in a growing market. They have 10,000 unique clients in 100 countries, so little concentration risk. (Analysts’ price target is $69.52)
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A cloud IT services company. Very profitable as a rapid growth by acquisition story, spending $6.2 billion in the last 5-6 years. Good valuation and are operating in a growing market. They have 10,000 unique clients in 100 countries, so little concentration risk. (Analysts’ price target is $69.52)
PAST TOP PICK
PAST TOP PICK
February 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.
Show full opinionHide full opinion(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.
BUY
BUY
February 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.
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.
BUY WEAKNESS
BUY WEAKNESS
February 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.
Show full opinionHide full opinionHe 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.
PAST TOP PICK
PAST TOP PICK
February 7, 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.
Show full opinionHide full opinion(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.
TOP PICK
TOP PICK
February 7, 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)
Show full opinionHide full opinionThey 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)
TOP PICK
TOP PICK
January 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)
Show full opinionHide full opinionHe 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)
TOP PICK
TOP PICK
January 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)
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)
PAST TOP PICK
PAST TOP PICK
January 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.
Show full opinionHide full opinion(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.
BUY WEAKNESS
BUY WEAKNESS
January 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.
Show full opinionHide full opinionA 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.
WEAK BUY
WEAK BUY
January 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.
Show full opinionHide full opinionOne 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.
COMMENT
COMMENT
January 9, 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.
Prefers this to Shopify. Less demanding multiple at 14-15x. Doesn't have the 30-40% gut-wrenching pullbacks, and sometimes boring is beautiful.
BUY
BUY
December 17, 2019
A solid long-term hold, but doesn't see a breakout coming. Wouldn't be shocked if another company bought this.
Show full opinionHide full opinionA solid long-term hold, but doesn't see a breakout coming. Wouldn't be shocked if another company bought this.
PAST TOP PICK
PAST TOP PICK
December 9, 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.
Show full opinionHide full opinion(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.
TOP PICK
TOP PICK
November 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)
Show full opinionHide full opinionIt 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)
Open Text(OTEX-T) Rating
Ranking : 5 out of 5
Bullish - Buy Signals / Votes : 25
Neutral - Hold Signals / Votes : 3
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 29
Open Text(OTEX-T) Frequently Asked Questions
What is Open Text stock symbol?
Open Text is a Canadian stock, trading under the symbol OTEX-T on the Toronto Stock Exchange (OTEX-CT). It is usually referred to as TSX:OTEX or OTEX-T
Is Open Text a buy or a sell?
In the last year, 29 stock analysts published opinions about OTEX-T. 25 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is TOP PICK. Read the latest stock experts' ratings for Open Text.
Is Open Text a good investment or a top pick?
Open Text was recommended as a Top Pick by Brian Madden on 2020-03-10. Read the latest stock experts ratings for Open Text.
Why is Open Text stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Open Text worth watching?
29 stock analysts on Stockchase covered Open Text In the last year. It is a trending stock that is worth watching.
What is Open Text stock price?
On 2020-04-03, Open Text (OTEX-T) stock closed at a price of $48.13.
