OpenText price target raised to $35 from $33 at Jefferies

Jefferies analyst Samad Samana raised the firm’s price target on OpenText (OTEX) to $35 from $33 and keeps a Hold rating on the shares after the company reported 2% revenue upside and 6% EPS upside in fiscal Q1. While the fiscal Q2 revenue and EBITDA outlooks were below consensus, management attributed this to seasonality while maintaining FY26 guidance and expectations for a stronger back half, the analyst tells investors.