Open Text Corp's stock has seen a slight increase over the past week, despite some recent corporate financing activities.
Open Text Corp (OTEX.TO) has made headlines this week with announcements about its financing strategies. The stock has experienced a modest uptick in value over the past week but remains significantly down year-to-date.
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Open Text Corp
OTEX.TO
OTEX.TO
Open Text Corp
WealthAwesomeMarket cap
$7.71B
P/E
8.8x
Div. yield
3.43%
Div. / share
$1.10
52W high
$53.70
52W low
$27.00
1W change
+0.95%
Beta
1.03
Analyst Price Targets
Based on analyst covering OTEX · as of Sep 28, 2026
Wall Street analysts forecast OTEX stock price to rise 42.2% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$32.02
+42.2% Upside
Previously C$31.96 on Sep 25, 2026
Current Price
C$22.51
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on OTEX's historical volatility
30-Day Vol
35.6%
Annualized
90-Day Vol
41.7%
Annualized
Trend (90d)
+5.8%
Annualized drift
90d Mean
C$32.50
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$32.05 | C$28.35 – C$36.24 |
| 60 trading days | C$32.28 | C$27.13 – C$38.39 |
| 90 trading days | C$32.50 | C$26.28 – C$40.20 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Investor takeaway: Investors should be aware of Open Text's recent financing moves and their potential implications for the company's future growth and stability.
Open Text's Stock Performance Overview
The stock has declined 27.01% year-to-date, highlighting ongoing challenges in the market.
Bull case
Recent changes to Open Text's tender offer and the pricing of senior secured notes could give the company more financial flexibility. This may improve its ability to invest in growth opportunities.
Bear case
Even with the recent financing activities, Open Text's stock has underperformed this year. Ongoing market volatility could pose risks to its recovery.
Recent Price Action
Open Text Corp's stock closed at C$31.83, reflecting a slight decline of 0.62% on the day. Over the past week, the stock has gained 0.95%, but it has dropped 5.77% over the last month and 27.01% year-to-date.
Company News and Catalysts
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This week, Open Text announced several amendments to its previously announced tender offer for a portion of its outstanding 3.875% senior notes due in 2028. Additionally, the company priced two senior secured notes offerings totaling $1 billion, aimed at redeeming its outstanding 2027 notes and funding the tender offer for a portion of its outstanding 2028 notes. These moves are designed to strengthen the company's balance sheet and provide more financial flexibility.
Technical Picture
From a technical standpoint, Open Text's stock is trading below its key moving averages, with the 50-day moving average at C$33.44 and the 200-day moving average at C$34.43, reflecting declines of 4.8% and 7.6%, respectively, compared to the current price. The stock is currently within 18% of its 52-week range, which spans from C$27.00 to C$53.70. The beta of 1.03 indicates that the stock has a volatility level slightly above the market average. Trading volume has also been lower than average, with the latest volume at 839,680 shares compared to a 20-day average of 1,368,804 shares, indicating a volume ratio of 0.61x.
Insider Activity
No recent insider activity has been reported for Open Text Corp, indicating a potential lack of confidence or interest from insiders in buying or selling shares at current prices.
Price Action Summary
Open Text Corp's stock closed at C$31.83, down 0.62% for the day. The company continues to navigate significant challenges in the market, with a year-to-date decline of 27.01%.
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