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OpenText price target raised to $33 from $29 at Barclays

Barclays raised the firm’s price target on OpenText (OTEX) to $33 from $29 and keeps an Equal Weight rating on the shares. The firm believes OpenText could be turning the corner with the fiscal Q4 sales beat the highest the company has posted since Q3 of 2023. The positive results carried through into the fiscal 2026 guidance, the analyst tells investors in a research note.

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