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An update from Open Text ( (TSE:OTEX) ) is now available.
On February 10, 2026, OpenText increased its Fiscal 2026 share repurchase program by US$200 million to a total authorized value of up to US$500 million of common shares for cancellation under its normal course issuer bid. The maximum number of shares that may be repurchased, 24,906,456, remains unchanged from the level previously approved by the Toronto Stock Exchange.
The buyback program runs from August 12, 2025 to August 11, 2026, during which shares can be repurchased on the TSX, NASDAQ and eligible alternative trading systems in Canada and the U.S. As of January 31, 2026, the company had already repurchased about US$190 million of stock, a level of activity that underscores management’s confidence in OpenText’s cash generation and capital allocation strategy.
The most recent analyst rating on (TSE:OTEX) stock is a Hold with a C$26.00 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 Neutral.
The score is driven primarily by solid profitability and cash generation but weighed down by negative recent revenue growth and meaningful leverage. Technicals further pressure the score due to a clear downtrend (price below key moving averages and negative MACD). Partially offsetting these are reasonable valuation with a strong dividend and an earnings call that showed improving cloud indicators and margin/cash progress, albeit with conservative growth guidance and divestiture-related revenue impacts.
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 with confidence. Its software turns raw data into contextualized information, forming a knowledge base that underpins artificial intelligence applications for enterprise customers worldwide.
Average Trading Volume: 998,758
Technical Sentiment Signal: Sell
Current Market Cap: C$8.59B
Find detailed analytics on OTEX stock on TipRanks’ Stock Analysis page.