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.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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加皇資本市場分析師Paul Treiber下調$Open Text (OTEX.US)$至持有評級，並將目標價從45美元下調至33美元。
根據TipRanks數據顯示，該分析師近一年總勝率為65.3%，總平均回報率為12.2%。
此外，綜合報道，$Open Text (OTEX.US)$近期主要分析師觀點如下：
在第一季度報告 「喜憂參半」 之後，預計OpenText的股價將在短期內面臨下跌，第一季度的銷售額和第二季度的預測未達到共識預期。值得注意的是，該公司投資於組織增長以刺激復甦，但預計投資者在增加對股票的參與度之前，將尋求銷售執行力得到增強的證據。
正在重新考慮先前的投資論點，該論點預測，通過穩定Micro Focus，實現正有機增長和自由現金流的增加，OpenText將進行估值重新評級。業績公佈後，該公司的股價下跌了11％，這表明市場越來越多地關注實際增長和預期增長之間的差異。鑑於季度波動可能持續存在，以及對未來有機增長的挑戰性預期，現在預計OpenText的估值倍數可能不會發生重大變化。
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分析師總勝率為近一年分析師的評級成功次數占總評級次數的比率。評级的成功與否，取決於TipRanks的虚擬投資組合是否從該股票中產生正回報。
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