Open Text Corp’s Stock Is Buy After Today’s Huge Increase

 Open Text Corp's Stock Is Buy After Today's Huge Increase

The stock of Open Text Corp (TSE:OTC) is a huge mover today! About 44,337 shares traded hands. Open Text Corp (TSE:OTC) has risen 19.55% since March 30, 2016 and is uptrending. It has outperformed by 18.34% the S&P500.
The move comes after 8 months positive chart setup for the $9.78 billion company. It was reported on Nov, 3 by Barchart.com. We have $102.88 PT which if reached, will make TSE:OTC worth $2.54 billion more.

Open Text Corp (TSE:OTC) Ratings Coverage

Out of 3 analysts covering OpenText Corporation (TSE:OTC), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $90.50 is the highest target while $54 is the lowest. The $72.88 average target is -10.74% below today’s ($81.65) stock price. OpenText Corporation has been the topic of 9 analyst reports since July 28, 2015 according to StockzIntelligence Inc. As per Thursday, October 27, the company rating was maintained by TD Securities. RBC Capital Markets maintained the stock with “Outperform” rating in Tuesday, February 9 report. RBC Capital Markets maintained Open Text Corp (TSE:OTC) on Monday, October 24 with “Outperform” rating. RBC Capital Markets maintained Open Text Corp (TSE:OTC) rating on Friday, June 3. RBC Capital Markets has “Outperform” rating and $78.50 price target.

More notable recent Open Text Corp (TSE:OTC) news were published by: Seekingalpha.com which released: “Why I’m Holding Open Text Corporation” on November 02, 2016, also Wsj.com with their article: “Open Text to Buy Dell EMC Enterprise Content Division for $1.6 Billion” published on September 12, 2016, Fool.com published: “Why Open Text Corporation Shares Popped Today” on February 10, 2016. More interesting news about Open Text Corp (TSE:OTC) were released by: Moodys.com and their article: “Moody’s rates Open Text’s proposed notes Ba2; affirms Ba1 CFR” published on May 25, 2016 as well as Fool.com‘s news article titled: “Open Text Corporation Looks Forward to Better Days Ahead” with publication date: July 28, 2016.

Open Text Corp is a Canada-based independent company. The company has a market cap of $9.78 billion. The Firm provides various software services and products that assist organizations in finding, utilizing, and sharing business information from any device. It has a 26.15 P/E ratio. The Company’s enterprise information management offerings include Enterprise Content Management (ECM), Business Process Management (BPM), Customer Experience Management (CEM), Information Exchange (iX), Discovery and Analytics.

OTC.TO Company Profile

Open Text Corporation, incorporated on July 1, 2016, provides a platform and suite of software services and products that assist organizations in finding, utilizing, and sharing business information from any device. The Firm designs, develops, markets and sells Enterprise Information Management (EIM) software and solutions. The Company’s software and services allow organizations to manage the information that flows into, out of, and throughout the enterprise as part of daily operations. The Company’s solutions incorporate collaborative and mobile technologies and are delivered for on-premises deployment, as well as through cloud, hybrid and managed hosted services models. In addition, the Company provides solutions that facilitate the exchange of information and transactions that occur between supply chain participants, such as manufacturers, retailers, distributors and financial institutions, and are central to a company’s ability to collaborate with its partners. The Company’s EIM offerings include Enterprise Content Management (ECM), Business Process Management (BPM), Customer Experience Management (CEM), Business Network, Discovery and Analytics.

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