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Stock impact report

Where Will OpenText Stock Be in 1 Year? [Yahoo! Finance Canada]

Open Text Corporation - Common Shares (OTEX) 
Last open text corporation - common shares earnings: 4/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.opentext.com/investor-relations
Canadian enterprise information management software giant OpenText TSX:OTEX ) has struggled to retain investors' interest over the past year, with its stock price declining 18% despite the company's efforts to integrate artificial intelligence (AI) into its product portfolio. Management is upbeat about the company's prospects for the second half of its financial year 2025, which ends in June next year. However, a key question arises from the technology stock's investor base: Where could OpenText stock be a year from now? It's one of a few Canadian tech stocks that could easily have passed as an AI stock trade with potential to generate positive returns for 2024. Yet, OpenText stock grossly underperformed the market during a time when several global AI stocks richly rewarded their investors. With falling interest rates, expanding AI adoption rates, and increasing competition in the enterprise software space, the next 12 months could be an interesting, yet challenging time, for OpenT Show less Read more
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