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Open Text Corporation stock reached a significant milestone, hitting a 52-week high of 34.22 USD. This marks a notable achievement for the company, reflecting a positive trajectory that includes an impressive 30.6% gain over the past six months. According to InvestingPro analysis, the company appears undervalued compared to its Fair Value, suggesting potential for further upside. The stock has experienced a 1-year return of 10.29%, showcasing steady value growth. This upward movement reflects investor confidence in the company’s robust 75.9% gross profit margin and commitment to shareholder returns through a 3.26% dividend yield, which has been raised for 12 consecutive years. The achievement of this 52-week high underscores the company’s resilience and strategic growth in a competitive market environment. InvestingPro subscribers have access to 10 additional exclusive insights about Open Text’s financial health and growth prospects.
In other recent news, OpenText has seen its stock price target raised by both RBC Capital and Scotiabank to $35 from $30, while maintaining a Sector Perform rating. This adjustment comes in light of OpenText’s recent Q4 results and its fiscal year 2026 outlook, which projects cloud growth of 3%-4%. In contrast, Jefferies downgraded OpenText from Buy to Hold, reducing its price target to $33, following leadership changes, including the departure of CEO Mark Barrenechea and CFO Chadwick Westlake. On the strategic front, OpenText has expanded its collaboration with HPE by joining the HPE Unleash AI partner program, aiming to accelerate enterprise AI adoption. This partnership integrates OpenText Aviator AI solutions with HPE’s Private Cloud AI platform. Additionally, a study by Canalys highlighted that managed service providers using OpenText’s cybersecurity solutions can achieve up to 6.7 times return on investment. These developments reflect OpenText’s ongoing efforts to enhance its technological capabilities and market position.
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