Open Text Corporation (OTEX) Receives Price Target

Open Text Corporation (OTEX) : The highest level Open Text Corporation (OTEX) is projected to reach is $71 for the short term and the lowest estimate is at $62. The consolidated price target from 7 rating analysts who initiate coverage on the stock is $66.29 and the possibility the share price can swing is $3.68.


Open Text Corporation (NASDAQ:OTEX): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $62.91 and $62.50 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $63.29. The buying momentum continued till the end and the stock did not give up its gains. It closed at $63.13, notching a gain of 0.49% for the day. The total traded volume was 332,360 . The stock had closed at $62.82 on the previous day.

Open Text Corporation is a Canada-based company operating in enterprise information market (EIM). The Company provides software products and services to organizations in finding, utilizing and sharing business information. The Companys products and services include enterprise content management (ECM), business process management (BPM), customer experience management (CEM), information exchange (iX), discovery, and analytics and reporting. Its ECM solutions include content management, archiving and core, among others. Its BPM solutions include process suite platform, capture and recognition systems, and process suite solutions. Its CEM solutions include Web content management, digital asset management and portal. Its iX solutions include business-to-business (B2B) integration, fax solutions and secure messaging. Its discovery solutions include search and InfoFusion. Its analytics and reporting solutions include embedded analytics and reporting, and advanced analytics.

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