Barclays Cuts OpenText Target to $30, Cites Slow Growth Despite Healthy Margins and Dividend
Barclays lowered its 12-month price objective on OpenText to $30 from $39 while retaining an Equalweight rating, pointing to modest growth prospects and delayed recovery in Annual Recurring Revenue. The company reported solid Q2 profitability and strong gross margins but faces subdued revenue expansion through fiscal 2026. OpenText announced the sa…