Barclays Lowers Price Target for Open Text Due to Macro Headwinds
Barclays has lowered its price target for Open Text (OTEX) from $30 to $25, citing macroeconomic headwinds and weak software sector sentiment. The firm also noted that meaningful improvements in software fundamentals may not occur until the second half of 2026. Open Text recently announced a strategic partnership with S3NS, a joint venture between Thales and Google Cloud.
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Topics: analyst downgrade macroeconomic factors price target software industry stock analysis