Barclays Cuts Open Text (OTEX) Price Target, Sees Macro Headwinds

On April 20, Barclays expert Raimo Lenschow lowered the firm’s terms proposal connected Open Text Corporation (NASDAQ:OTEX) to $25 from $30. It reiterated an Equal Weight standing connected the shares. The update came arsenic portion of a broader Q1 net preview for the bundle group. The expert said, “We are not definite Q1 volition crook the antagonistic bundle sentiment around.” Barclays noted that Q1 is typically the smallest 4th of the year, and the macro backdrop “was not a tailwind.” The steadfast besides pointed retired that meaningful improvements successful bundle fundamentals whitethorn not travel until the 2nd fractional of 2026.

On April 13, the institution announced a strategical concern with S3NS, an confederation betwixt Thales and Google Cloud. The extremity is to supply European organizations with a trusted unreality level built connected Google Cloud technology, portion gathering strict information and compliance standards successful France. The level is designed to connection beardown information residency, regulatory compliance, and operational control.

The concern introduces a hybrid trusted unreality architecture for Europe, based successful France. It allows organizations to support delicate information wrong a locally governed environment, portion inactive utilizing hyperscaler unreality services for little delicate workloads, innovation, and scale.

Open Text Corporation (NASDAQ:OTEX) is simply a Canada-based accusation absorption institution that provides bundle and services. Its level delivers unafraid and scalable solutions for planetary enterprises, tiny and medium-sized businesses, governments, and consumers worldwide.

While we admit the imaginable of OTEX arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

READ NEXT: 10 Best Food Stocks with Highest Dividends and 10 Best Dividend Aristocrat Stocks to Buy successful 2026

Disclosure: None. Follow Insider Monkey connected Google News.