Buy, Sell or Hold: Open Text (OTEX-T) — Stock Predictions at Stockchase

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TSE:OTEX

37.90

0.09 (0.24%) 1d

Showing 1 to 15 of 386 entries

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PAST TOP PICK

(A Top Pick Oct 05/21, Down 37%) It's down because it faces tough earnings comps. They did well during Covid--and still are--but aren't growing as fast. Also, they made a big purchase (they've made 80 over the past decade) of Microfocus, a large UK turnaround story. OTEX paid a lot for it and will finance it through debt and raise money in the high-yield market (at a rocky time). There's some worry over this deal, but he expects the deal to close and it will be very accretive.

computer software / processing

WAIT

A fan. Safe and steady. Likes the verticalization. Big selloff from expensive valuation. Recent sizeable acquisition may take a while to digest, though management has a good track record. Stock may trade down further. He'd need to see progress on debt repayment.

computer software / processing

COMMENT

Because of the volatility, a tradable security, not an investment. You could buy it down here. Recently named a leader in the Gartner magic quadrant. Double-digit growth rate, very strong balance sheet. (Analysts’ price target is $59.00)

computer software / processing

BUY on WEAKNESS

Likes company but would be hesitant to buy before market calms down. All tech names being sold off. If already own shares, continue to hold. Quality company that expects to do well in the future.

computer software / processing

WATCH

It has 75 000 customers which is only 10% penetration of the software business. It also wants to increase its contact (has 40% right now) with more of the Global 10 000 companies. Its software offering is broader. Is an aquisitor. Would seriously consider buying. Regarding interest rates, he feels that the effect of rising rates is overblown. Even at 2, 3 or 4% rates are still at historical lows. These rates were normal in the late 1990's (4 1/2%) but the stock market was booming and was at a much higher valuation.

computer software / processing

BUY

Added to their position 7 to 10 days ago. Software companies have been dragged down with tech. Sells to medium and large size businesses globally. Has compounded with 80 acquisitions over the decade. A good combination of growth and value at 12 to13 times earnings.

computer software / processing

PARTIAL BUY

Develop and sell enterprise information management software. Price target of $61.75 USD. You could buy some here at $45, and some at 43. Use a stop of $40. Last week, Gartner Research named it as a leader in content services platforms. A quality name, he just doesn't have room for it. (Price targets refer to the NASDAQ listing in USD.)

computer software / processing

HOLD

Believes company multiple is coming down due to interest rate increases. Owns the stock, but would not rush out to buy more stock.

computer software / processing

BUY

Although it has not gone up as much as the high flyers, it has not gone down as much these days. Its growth has been by acquisition in the software management space. Very slow growth and there is a slow migration to on-going SAS recurring revenues. He loves their margins, however. It is trading in a fair range here. Unexciting, but a stable company.

computer software / processing

BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The company continues to show solid and stable growth. Cash flow is strong and they are able to grow by acquisitions. It will probably not grow as quickly as before and it does have sizable debt. Unlock Premium - Try 5i Free

computer software / processing

TOP PICK

Over 95% recurring revenues. Global business and serial acquirer. 14.5% total compound return over 20 years, double the TSX and tech sector. It's boring tech but beautiful. (Analysts’ price target is $73.36)

computer software / processing

HOLD

Quality business. 15x 2022 earnings, quite cheap. Trouble is there aren't many catalysts for growth. He's modelling only 3% EPS growth. Better places for new money. If you own it, it will continue to work. So hold it, or sell some covered call options. The stock isn't going to run away.

computer software / processing

BUY on WEAKNESS

One of the few tech companies in Canada. Breaking out close to 52-week highs. Could go up 10-12% from here. Would look for a breakout and buy at a pullback when it tests support.

computer software / processing

BUY

It has been a laggard against other Canadian names. It is good for people who want to get rich slowly. He would be fine to buy it here.

computer software / processing

PAST TOP PICK

(A Top Pick May 29/20, Down 1%) A disappointment. Despite high free cashflow generation. Better opportunities elsewhere.

computer software / processing

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Open Text(OTEX-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 6

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 7

Stockchase rating for Open Text is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

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, 7 stock analysts published opinions about OTEX-T. 6 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . 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 on . 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?

7 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 2022-10-05, Open Text (OTEX-T) stock closed at a price of $37.9.

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