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Open Text ( (TSE:OTEX) ) has issued an announcement.
On January 29, 2026, OpenText announced that its board has appointed veteran technology executive Ayman Antoun as Chief Executive Officer and board member, effective April 20, 2026, succeeding interim CEO James McGourlay, who will transition to another role on the company’s Executive Leadership Team as Executive Chair and Chief Strategy Officer P. Thomas Jenkins returns to the position of Chair of the Board. Antoun, a former President of IBM Americas with more than 35 years of experience in cloud, infrastructure, cybersecurity and digital modernization, is expected to steer OpenText’s next phase of growth by leveraging its core enterprise information management portfolio as a backbone for training agentic AI, a move that underscores the company’s strategic focus on cloud modernization and enterprise AI and signals an effort to strengthen its competitive position and long‑term value proposition for shareholders and customers in a pivotal phase of industry transformation.
The most recent analyst rating on (TSE:OTEX) stock is a Buy with a C$43.00 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 so it can be transformed into contextualized information forming the knowledge base for artificial intelligence applications.
Average Trading Volume: 910,231
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$9.73B
Find detailed analytics on OTEX stock on TipRanks’ Stock Analysis page.