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An announcement from Open Text ( (TSE:OTEX) ) is now available.
On January 12, 2026, Open Text Corporation completed the divestiture of its on-premise eDOCS solution, part of its Analytics portfolio, selling the non-core unit to NetDocuments Software, Inc. for US$163 million in cash before taxes, fees and other adjustments. The move, described by Executive Chairman and Chief Strategy Officer Tom Jenkins as part of a broader strategy to shed non-core assets and sharpen focus on the company’s core business, is expected to support OpenText’s long-term value creation efforts, with the net proceeds earmarked for reducing outstanding debt, thereby potentially strengthening the company’s balance sheet and financial flexibility.
The most recent analyst rating on (TSE:OTEX) stock is a Hold with a C$36.00 price target. To see the full list of analyst forecasts on Open Text stock, see the TSE:OTEX Stock Forecast page.
Spark’s Take on TSE:OTEX Stock
According to Spark, TipRanks’ AI Analyst, TSE:OTEX is a Outperform.
Open Text’s overall stock score is driven by strong financial performance and positive earnings call highlights, particularly in cloud revenue growth and improved profit margins. However, technical indicators suggest a bearish trend, and valuation metrics are fair but not compelling. The company’s high leverage and challenges in certain segments, such as customer support and cybersecurity, present risks that temper the overall score.
To see Spark’s full report on TSE:OTEX stock, click here.
More about Open Text
OpenText is a global leader in secure information management for AI, providing technologies that help organizations protect, govern and activate their data, turning it into contextualized information that forms a knowledge base for artificial intelligence applications.
YTD Price Performance: 0.63%
Average Trading Volume: 876,578
Technical Sentiment Signal: Buy
Current Market Cap: C$11.34B
Find detailed analytics on OTEX stock on TipRanks’ Stock Analysis page.