Open Text (NASDAQ:OTEX) Given New $28.00 Price Target at Citigroup

Citigroup has increased its price target for Open Text (NASDAQ:OTEX) from $25.00 to $28.00, while maintaining a "neutral" rating, indicating a potential 13.29% upside. This adjustment follows Open Text's strong Q4 earnings, where the company surpassed revenue and EPS estimates, though its fiscal 2027 revenue guidance fell short of consensus, leading to a cautious market outlook despite positive profitability improvements and a declared dividend.