Benchmark Co. analyst Mark Schappel maintained a Buy rating on Open Text (NASDAQ:OTEX) Corp. on Friday, setting a price target of $56, which is approximately 5.72% above the present share price of $52.97.
Schappel expects Open Text Corp . to post earnings per share (EPS) of $0.66 for the third quarter of 2021.
The current consensus among 3 TipRanks analysts is for a Moderate Buy rating of shares in Open Text, with an average price target of $58.33.
The analysts price targets range from a high of $62 to a low of $56.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $893.53 million and a net profit of $174.83 million. The company's market cap is $14.39 billion.
According to TipRanks.com, Benchmark Co. analyst Mark Schappel is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 17.9% and a 62.34% success rate.
Open Text Corp. engages in the design, development, marketing and sales of enterprise information management software and solutions. It includes customer experience management (CEM), digital process automation, business network, and enterprise content management, discovery, security, and artificial intelligence (AI) and analytics solutions. It also offers consulting, managed, and learning services. The company was founded on June 26, 1991 and is headquartered in Waterloo, Canada.