Open Text Corporation's Q3 Guidance in Focus as CIBC Analyst Cuts Price Target to $37
ByAinvest
Tuesday, Feb 3, 2026 3:13 pm ET1min read
OTEX--
Open Text Corporation's (NASDAQ:OTEX) price target has been reduced by $3 to $37 from $40 by CIBC analyst Stephanie Price, who maintains a Neutral rating. The company's focus on cloud services and secure information management tied to AI is expected to continue, but the analyst notes that spending on enterprise software can slow and competition remains intense. The company's plan to divest non-core business units, potentially trimming up to 20% of revenue, is aimed at sharpening the company's focus on content that can help train agentic AI systems.
Stay ahead of the market.
Get curated U.S. market news, insights and key dates delivered to your inbox.
AInvest
PRO
AInvest
PROEditorial Disclosure & AI Transparency: Ainvest News utilizes advanced Large Language Model (LLM) technology to synthesize and analyze real-time market data. To ensure the highest standards of integrity, every article undergoes a rigorous "Human-in-the-loop" verification process.
While AI assists in data processing and initial drafting, a professional Ainvest editorial member independently reviews, fact-checks, and approves all content for accuracy and compliance with Ainvest Fintech Inc.’s editorial standards. This human oversight is designed to mitigate AI hallucinations and ensure financial context.
Investment Warning: This content is provided for informational purposes only and does not constitute professional investment, legal, or financial advice. Markets involve inherent risks. Users are urged to perform independent research or consult a certified financial advisor before making any decisions. Ainvest Fintech Inc. disclaims all liability for actions taken based on this information. Found an error?Report an Issue
Comments
No comments yet