RBC Capital analyst Paul Treiber downgrades $Open Text (OTEX.US)$ to a hold rating, and adjusts the target price from $45 to $33.
According to TipRanks data, the analyst has a success rate of 65.3% and a total average return of 12.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Open Text (OTEX.US)$'s main analysts recently are as follows:
The shares of OpenText are projected to face a near-term decline after a 'mixed' Q1 report, with Q1 sales and Q2 forecasts not meeting consensus expectations. The company's investment in organizational growth to stimulate reacceleration is noted, yet investors are anticipated to seek evidence of enhanced sales execution before increasing their engagement with the stock.
The previous investment thesis, which projected that OpenText would experience a valuation re-rating through the stabilization of Micro Focus, attainment of positive organic growth, and a rise in free cash flow, is being reconsidered. Post-earnings, the company's shares have seen an 11% decline, indicating that the market is increasingly scrutinizing the discrepancy between actual and anticipated growth. Given the probable persistence of quarterly variability and the challenging expectations set for future organic growth, it is now anticipated that OpenText's valuation multiple may not undergo significant changes.
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加皇资本市场分析师Paul Treiber下调$Open Text (OTEX.US)$至持有评级,并将目标价从45美元下调至33美元。
根据TipRanks数据显示,该分析师近一年总胜率为65.3%,总平均回报率为12.2%。
此外,综合报道,$Open Text (OTEX.US)$近期主要分析师观点如下:
在第一季度报告 “喜忧参半” 之后,预计OpenText的股价将在短期内面临下跌,第一季度的销售额和第二季度的预测未达到共识预期。值得注意的是,该公司投资于组织增长以刺激复苏,但预计投资者在增加对股票的参与度之前,将寻求销售执行力得到增强的证据。
正在重新考虑先前的投资论点,该论点预测,通过稳定Micro Focus,实现正有机增长和自由现金流的增加,OpenText将进行估值重新评级。财报公布后,该公司的股价下跌了11%,这表明市场越来越多地关注实际增长和预期增长之间的差异。鉴于季度波动可能持续存在,以及对未来有机增长的挑战性预期,现在预计OpenText的估值倍数可能不会发生重大变化。
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