OpenText value goal raised to $34 from $31 at CIBC
CIBC raised the agency’s value goal on OpenText (OTEX) to $34 from $31 and retains a Impartial score on the shares. The agency notes that OpenText was up as a lot as 10% publish earnings, with buyers happy with a strong This fall print and 2026 steerage that included natural progress and EBITDA margin growth. With a enterprise optimization plan in course of, CIBC considers the corporate’s 2026 adjusted EBITDA margin goal as achievable and its margin forecast is on the excessive finish of the steerage vary.
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