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

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TSE:OTEX

65.42

0.11 (0.17%) 1d

Showing 1 to 15 of 375 entries

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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

PAST TOP PICK

(A Top Pick May 01/20, Up 11%) They have a global presence; 95% of revenue lies outside Canada, mostly Europe and US. They have a huge of base of 10,000 enterprises. During the pandemic, people worked from home. Also, this is a growth by acquisition story. The current 11% return is inline with historic returns. This compounds and grows by buying business. Boring, but it works. It beats the TSX tech index.

computer software / processing

COMMENT

Lots of Canadians seem to pour money into Constellation Software but for him, there is no real strategy. For Open Text there is a taxation issue with the IRS and also they need another acquisition. For an acquisition and control point of view, although CSU has outperformed, he thinks OTEX is the better choice. Has OTEX stocks and would buy at these levels.

computer software / processing

PAST TOP PICK

(A Top Pick Mar 10/20, Up 5%) Inexpensive at 14x earnings. Earnings have grown at 13%. A secular grower. 600 open jobs right now that are work from anywhere jobs which opens up the talent pool. Great innovator and a great consolidator. Continues to buy it here.

computer software / processing

BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The stock seems to be out of favour but it has done well over the long term. The stock is cheap at these levels following a weak year last year. EPS should increase from $0.99 to $3.25 in 2021. A good recovery year is expected. Unlock Premium - Try 5i Free

computer software / processing

PAST TOP PICK

(A Top Pick Feb 07/20, Up 3%) Boring little software company that's trying to integrate into the cloud. Just keeps chugging along, increasing the dividend and delivering recurring revenues, paying down debt, making acquisitions. Still a very attractive buy.

computer software / processing

BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. EPS of 95 cents beat estimates by 12%. Sales were 5% better and EBITDA was 10% better. Sales rose strongly with EPS rising by 13%. Overall things look pretty good and 5i considers it a buy. Unlock Premium - Try 5i Free

computer software / processing

TOP PICK

Poster child for growth by acquisition strategy. Cloud and site-based content management. Quite large installed user base. Strong balance sheet. Almost 90% of revenues are recurring. Almost 95% of revenue is outside Canada. Great consolidator with accretive acquisitions. Earnings report tomorrow, and share price could pop. Yield is 1.74%. (Analysts’ price target is $66.21)

computer software / processing

BUY on WEAKNESS

Well-run. Price target of $52US, so still room to go. Develops and sells enterprise information management software. Helps decision-making. Organic growth plus acquisitions. Wait for a pullback to low $40s, but he's said this before and is still waiting.

computer software / processing

HOLD

DSG-T vs. OTEX-T which to sell to raise cash? DSG-T, if you own it, you would have done very well, but the fair market value is 78% lower than where it is at now. There is a lot of momentum behind it but not a lot of value. OTEX-T is trading right at its fair market value and has not been above that in ten years. He would sell either one if you want a source of cash.

computer software / processing

BUY

He has his eyes on it. It is on the short list for tech companies. They are in touch with 40% of tech companies around the world as potential customers. They only have a 10% penetration of their products within their customers. They have more credibility today because of the cloud. They should be able to achieve a decent organic growth rate in addition to their acquisitions strategies.

computer software / processing

BUY

vs. CN Rail It did well, though not as well as the FAANGs. He's pared his holding. You can't compare this with CN--completely different industries. You can own both though. CN may do better than OTEX.

computer software / processing

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Open Text(OTEX-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 13

Neutral - Hold Signals / Votes : 2

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 15

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, 15 stock analysts published opinions about OTEX-T. 13 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?

15 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 2021-09-24, Open Text (OTEX-T) stock closed at a price of $65.42.

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