Do analysts prefer DAY or OTEX?

Open Text has a consensus target price of C$27.50, suggesting a potential downside of 19.05%. Given Open Text's higher probable upside, analysts plainly believe Open Text is more favorable than Dayforce. Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Dayforce 0 Sell rating(s) 3 Hold rating(s) 0 Buy rating(s) 0 Strong Buy rating(s) 2.00 Open Text 0 Sell rating(s) 2 Hold rating(s) 0 Buy rating(s) 0 Strong Buy rating(s) 2.00

Which has stronger valuation & earnings, DAY or OTEX?

Open Text has higher revenue and earnings than Dayforce. Dayforce is trading at a lower price-to-earnings ratio than Open Text, indicating that it is currently the more affordable of the two stocks. Company Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Dayforce C$1.89B 8.06 -C$152.03M -C$0.95 N/A Open Text C$5.25B 1.57 C$455.93M C$2.58 13.17

Is DAY or OTEX more profitable?

Open Text has a net margin of 12.25% compared to Dayforce's net margin of 0.00%. Open Text's return on equity of 15.99% beat Dayforce's return on equity. Company Net Margins Return on Equity Return on Assets Dayforce N/A N/A N/A Open Text 12.25% 15.99% 4.03%

Do analysts prefer HUT or OTEX?

Open Text has a consensus price target of C$27.50, suggesting a potential downside of 19.05%. Given Open Text's higher possible upside, analysts clearly believe Open Text is more favorable than Hut 8. Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Hut 8 0 Sell rating(s) 0 Hold rating(s) 1 Buy rating(s) 4 Strong Buy rating(s) 3.80 Open Text 0 Sell rating(s) 2 Hold rating(s) 0 Buy rating(s) 0 Strong Buy rating(s) 2.00

Which has higher earnings and valuation, HUT or OTEX?

Open Text has higher revenue and earnings than Hut 8. Hut 8 is trading at a lower price-to-earnings ratio than Open Text, indicating that it is currently the more affordable of the two stocks. Company Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Hut 8 C$317.95M 39.41 C$193.22M -C$5.40 N/A Open Text C$5.25B 1.57 C$455.93M C$2.58 13.17

Is HUT or OTEX more profitable?

Open Text has a net margin of 12.25% compared to Hut 8's net margin of -188.53%. Open Text's return on equity of 15.99% beat Hut 8's return on equity. Company Net Margins Return on Equity Return on Assets Hut 8 -188.53% -39.50% -4.25% Open Text 12.25% 15.99% 4.03%

Do analysts prefer OTEX or DSG?

Open Text presently has a consensus target price of C$27.50, indicating a potential downside of 19.05%. Given Open Text's higher possible upside, equities research analysts plainly believe Open Text is more favorable than The Descartes Systems Group. Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Open Text 0 Sell rating(s) 2 Hold rating(s) 0 Buy rating(s) 0 Strong Buy rating(s) 2.00 The Descartes Systems Group 0 Sell rating(s) 0 Hold rating(s) 1 Buy rating(s) 4 Strong Buy rating(s) 3.80

Which has higher valuation and earnings, OTEX or DSG?

Open Text has higher revenue and earnings than The Descartes Systems Group. Open Text is trading at a lower price-to-earnings ratio than The Descartes Systems Group, indicating that it is currently the more affordable of the two stocks. Company Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Open Text C$5.25B 1.57 C$455.93M C$2.58 13.17 The Descartes Systems Group C$753.87M 12.25 C$97.67M C$2.01 53.63

Which has higher valuation & earnings, TOI or OTEX?

Open Text has higher revenue and earnings than Topicus.com. Open Text is trading at a lower price-to-earnings ratio than Topicus.com, indicating that it is currently the more affordable of the two stocks. Company Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Topicus.com C$1.70B 5.02 C$35.08M C$0.42 243.07 Open Text C$5.25B 1.57 C$455.93M C$2.58 13.17

Do analysts prefer OTEX or BITF?

Open Text currently has a consensus price target of C$27.50, indicating a potential downside of 19.05%. Given Open Text's stronger consensus rating and higher probable upside, analysts plainly believe Open Text is more favorable than Bitfarms. Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Open Text 0 Sell rating(s) 2 Hold rating(s) 0 Buy rating(s) 0 Strong Buy rating(s) 2.00 Bitfarms 0 Sell rating(s) 0 Hold rating(s) 0 Buy rating(s) 0 Strong Buy rating(s) 0.00

Which has higher valuation & earnings, OTEX or BITF?

Open Text has higher revenue and earnings than Bitfarms. Bitfarms is trading at a lower price-to-earnings ratio than Open Text, indicating that it is currently the more affordable of the two stocks. Company Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Open Text C$5.25B 1.57 C$455.93M C$2.58 13.17 Bitfarms C$229.28M 21.67 -C$110.66M -C$0.52 N/A

Is OTEX or BITF more profitable?

Open Text has a net margin of 12.25% compared to Bitfarms' net margin of -234.21%. Open Text's return on equity of 15.99% beat Bitfarms' return on equity. Company Net Margins Return on Equity Return on Assets Open Text 12.25% 15.99% 4.03% Bitfarms -234.21% -74.20% -10.66%

Open Text (OTEX) Competitors

C$33.97 +0.03 (+0.09%)

As of 08/21/2026 04:00 PM Eastern

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OTEX vs. DAY, HUT, DSG, TOI, and BITF

Should you buy Open Text stock or one of its competitors? Open Text's main competitors and comparable companies include Dayforce (DAY), Hut 8 (HUT), The Descartes Systems Group (DSG), Topicus.com (TOI), and Bitfarms (BITF). Companies are selected based on similarities in market, industry, and size. These companies are all part of the "application software" industry.

How does Open Text compare to Dayforce?

Dayforce (TSE:DAY) and Open Text (TSE:OTEX) are both technology companies, but which is the better investment? We will compare the two businesses based on the strength of their risk, analyst recommendations, dividends, media sentiment, institutional ownership, earnings, valuation and profitability.

Open Text has higher revenue and earnings than Dayforce. Dayforce is trading at a lower price-to-earnings ratio than Open Text, indicating that it is currently the more affordable of the two stocks.

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Dayforce	C$1.89B	8.06	-C$152.03M	-C$0.95	N/A
Open Text	C$5.25B	1.57	C$455.93M	C$2.58	13.17

60.3% of Dayforce shares are held by institutional investors. Comparatively, 57.4% of Open Text shares are held by institutional investors. 2.1% of Open Text shares are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.

In the previous week, Dayforce's average media sentiment score of 0.00 equaled Open Text'saverage media sentiment score.

Company	Overall Sentiment
Dayforce	Neutral
Open Text	Neutral

Open Text has a net margin of 12.25% compared to Dayforce's net margin of 0.00%. Open Text's return on equity of 15.99% beat Dayforce's return on equity.

Company	Net Margins	Return on Equity	Return on Assets
Dayforce	N/A	N/A	N/A
Open Text	12.25%	15.99%	4.03%

Open Text has a consensus target price of C$27.50, suggesting a potential downside of 19.05%. Given Open Text's higher probable upside, analysts plainly believe Open Text is more favorable than Dayforce.

Company	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Dayforce	0 Sell rating(s)	3 Hold rating(s)	0 Buy rating(s)	0 Strong Buy rating(s)	2.00
Open Text	0 Sell rating(s)	2 Hold rating(s)	0 Buy rating(s)	0 Strong Buy rating(s)	2.00

Dayforce has a beta of 0.993443, indicating that its share price is 1% less volatile than the broader market. Comparatively, Open Text has a beta of 1.285215, indicating that its share price is 29% more volatile than the broader market.

Summary

Open Text beats Dayforce on 10 of the 12 factors compared between the two stocks.

How does Open Text compare to Hut 8?

Hut 8 (TSE:HUT) and Open Text (TSE:OTEX) are both technology companies, but which is the superior business? We will compare the two businesses based on the strength of their dividends, valuation, risk, analyst recommendations, institutional ownership, earnings, profitability and media sentiment.

38.9% of Hut 8 shares are held by institutional investors. Comparatively, 57.4% of Open Text shares are held by institutional investors. 60.2% of Hut 8 shares are held by insiders. Comparatively, 2.1% of Open Text shares are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.

In the previous week, Hut 8 had 4 more articles in the media than Open Text. MarketBeat recorded 4 mentions for Hut 8 and 0 mentions for Open Text. Hut 8's average media sentiment score of 0.54 beat Open Text's score of 0.00 indicating that Hut 8 is being referred to more favorably in the media.

Company	Overall Sentiment
Hut 8	Positive
Open Text	Neutral

Open Text has a consensus price target of C$27.50, suggesting a potential downside of 19.05%. Given Open Text's higher possible upside, analysts clearly believe Open Text is more favorable than Hut 8.

Company	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Hut 8	0 Sell rating(s)	0 Hold rating(s)	1 Buy rating(s)	4 Strong Buy rating(s)	3.80
Open Text	0 Sell rating(s)	2 Hold rating(s)	0 Buy rating(s)	0 Strong Buy rating(s)	2.00

Open Text has higher revenue and earnings than Hut 8. Hut 8 is trading at a lower price-to-earnings ratio than Open Text, indicating that it is currently the more affordable of the two stocks.

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Hut 8	C$317.95M	39.41	C$193.22M	-C$5.40	N/A
Open Text	C$5.25B	1.57	C$455.93M	C$2.58	13.17

Hut 8 has a beta of 4.581835, indicating that its stock price is 358% more volatile than the broader market. Comparatively, Open Text has a beta of 1.285215, indicating that its stock price is 29% more volatile than the broader market.

Open Text has a net margin of 12.25% compared to Hut 8's net margin of -188.53%. Open Text's return on equity of 15.99% beat Hut 8's return on equity.

Company	Net Margins	Return on Equity	Return on Assets
Hut 8	-188.53%	-39.50%	-4.25%
Open Text	12.25%	15.99%	4.03%

Summary

Open Text beats Hut 8 on 9 of the 17 factors compared between the two stocks.

How does Open Text compare to The Descartes Systems Group?

Open Text (TSE:OTEX) and The Descartes Systems Group (TSE:DSG) are both mid-cap technology companies, but which is the better stock? We will compare the two businesses based on the strength of their institutional ownership, earnings, risk, media sentiment, profitability, dividends, analyst recommendations and valuation.

Open Text presently has a consensus target price of C$27.50, indicating a potential downside of 19.05%. Given Open Text's higher possible upside, equities research analysts plainly believe Open Text is more favorable than The Descartes Systems Group.

Company	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Open Text	0 Sell rating(s)	2 Hold rating(s)	0 Buy rating(s)	0 Strong Buy rating(s)	2.00
The Descartes Systems Group	0 Sell rating(s)	0 Hold rating(s)	1 Buy rating(s)	4 Strong Buy rating(s)	3.80

57.4% of Open Text shares are owned by institutional investors. Comparatively, 66.2% of The Descartes Systems Group shares are owned by institutional investors. 2.1% of Open Text shares are owned by company insiders. Comparatively, 0.0% of The Descartes Systems Group shares are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.

In the previous week, Open Text's average media sentiment score of 0.00 equaled The Descartes Systems Group'saverage media sentiment score.

Company	Overall Sentiment
Open Text	Neutral
The Descartes Systems Group	Neutral

The Descartes Systems Group has a net margin of 23.35% compared to Open Text's net margin of 12.25%. Open Text's return on equity of 15.99% beat The Descartes Systems Group's return on equity.

Company	Net Margins	Return on Equity	Return on Assets
Open Text	12.25%	15.99%	4.03%
The Descartes Systems Group	23.35%	11.26%	7.51%

Open Text has a beta of 1.285215, meaning that its share price is 29% more volatile than the broader market. Comparatively, The Descartes Systems Group has a beta of 0.138981, meaning that its share price is 86% less volatile than the broader market.

Open Text has higher revenue and earnings than The Descartes Systems Group. Open Text is trading at a lower price-to-earnings ratio than The Descartes Systems Group, indicating that it is currently the more affordable of the two stocks.

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Open Text	C$5.25B	1.57	C$455.93M	C$2.58	13.17
The Descartes Systems Group	C$753.87M	12.25	C$97.67M	C$2.01	53.63

Summary

The Descartes Systems Group beats Open Text on 8 of the 15 factors compared between the two stocks.

How does Open Text compare to Topicus.com?

Topicus.com (CVE:TOI) and Open Text (TSE:OTEX) are both mid-cap technology companies, but which is the superior stock? We will compare the two businesses based on the strength of their profitability, earnings, institutional ownership, analyst recommendations, risk, dividends, media sentiment and valuation.

Topicus.com currently has a consensus target price of C$143.75, indicating a potential upside of 40.81%. Open Text has a consensus target price of C$27.50, indicating a potential downside of 19.05%. Given Topicus.com's stronger consensus rating and higher probable upside, equities analysts clearly believe Topicus.com is more favorable than Open Text.

Company	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Topicus.com	0 Sell rating(s)	0 Hold rating(s)	3 Buy rating(s)	0 Strong Buy rating(s)	3.00
Open Text	0 Sell rating(s)	2 Hold rating(s)	0 Buy rating(s)	0 Strong Buy rating(s)	2.00

Open Text has a net margin of 12.25% compared to Topicus.com's net margin of 0.00%. Open Text's return on equity of 15.99% beat Topicus.com's return on equity.

Company	Net Margins	Return on Equity	Return on Assets
Topicus.com	N/A	N/A	N/A
Open Text	12.25%	15.99%	4.03%

Topicus.com has a beta of 0.081974, indicating that its share price is 92% less volatile than the broader market. Comparatively, Open Text has a beta of 1.285215, indicating that its share price is 29% more volatile than the broader market.

21.7% of Topicus.com shares are held by institutional investors. Comparatively, 57.4% of Open Text shares are held by institutional investors. 2.1% of Open Text shares are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.

Open Text has higher revenue and earnings than Topicus.com. Open Text is trading at a lower price-to-earnings ratio than Topicus.com, indicating that it is currently the more affordable of the two stocks.

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Topicus.com	C$1.70B	5.02	C$35.08M	C$0.42	243.07
Open Text	C$5.25B	1.57	C$455.93M	C$2.58	13.17

In the previous week, Topicus.com's average media sentiment score of 0.00 equaled Open Text'saverage media sentiment score.

Company	Overall Sentiment
Topicus.com	Neutral
Open Text	Neutral

Summary

Open Text beats Topicus.com on 9 of the 14 factors compared between the two stocks.

How does Open Text compare to Bitfarms?

Open Text (TSE:OTEX) and Bitfarms (TSE:BITF) are both mid-cap technology companies, but which is the better business? We will compare the two businesses based on the strength of their earnings, analyst recommendations, dividends, institutional ownership, media sentiment, valuation, profitability and risk.

Open Text has higher revenue and earnings than Bitfarms. Bitfarms is trading at a lower price-to-earnings ratio than Open Text, indicating that it is currently the more affordable of the two stocks.

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Open Text	C$5.25B	1.57	C$455.93M	C$2.58	13.17
Bitfarms	C$229.28M	21.67	-C$110.66M	-C$0.52	N/A

Open Text has a net margin of 12.25% compared to Bitfarms' net margin of -234.21%. Open Text's return on equity of 15.99% beat Bitfarms' return on equity.

Company	Net Margins	Return on Equity	Return on Assets
Open Text	12.25%	15.99%	4.03%
Bitfarms	-234.21%	-74.20%	-10.66%

Open Text has a beta of 1.285215, meaning that its share price is 29% more volatile than the broader market. Comparatively, Bitfarms has a beta of 3.414688, meaning that its share price is 241% more volatile than the broader market.

Open Text currently has a consensus price target of C$27.50, indicating a potential downside of 19.05%. Given Open Text's stronger consensus rating and higher probable upside, analysts plainly believe Open Text is more favorable than Bitfarms.

Company	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Open Text	0 Sell rating(s)	2 Hold rating(s)	0 Buy rating(s)	0 Strong Buy rating(s)	2.00
Bitfarms	0 Sell rating(s)	0 Hold rating(s)	0 Buy rating(s)	0 Strong Buy rating(s)	0.00

57.4% of Open Text shares are held by institutional investors. Comparatively, 11.7% of Bitfarms shares are held by institutional investors. 2.1% of Open Text shares are held by company insiders. Comparatively, 23.4% of Bitfarms shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.

In the previous week, Open Text's average media sentiment score of 0.00 equaled Bitfarms'average media sentiment score.

Company	Overall Sentiment
Open Text	Neutral
Bitfarms	Neutral

Summary

Open Text beats Bitfarms on 10 of the 13 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding OTEX and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.

Media Sentiment Over Time

This chart shows the average media sentiment of TSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.

OTEX vs. The Competition

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Metric	Open Text	Software Industry	Technology Sector	TSE Exchange
Market Cap	C$8.24B	C$15.67B	C$29.53B	C$12.56B
Dividend Yield	4.65%	3.42%	2.75%	6.21%
P/E Ratio	13.17	127.26	73.35	39.07
Price / Sales	1.57	1,303.59	598.84	10.02
Price / Cash	5.94	48.13	50.35	82.29
Price / Book	2.05	7.50	9.44	4.79
Net Income	C$455.93M	C$434.60M	C$679.74M	C$299.09M
7 Day Performance	-0.26%	1.62%	-1.29%	0.82%
1 Month Performance	12.19%	7.50%	4.03%	5.39%
1 Year Performance	-24.76%	5.00%	189.70%	35.05%

Open Text Competitors List

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Company	MarketRank	Share Price	Analysts' Price Target	1Y Price Performance	Market Cap	Revenue	P/E Ratio	Employee Count	Indicator(s)
OTEX Open Text	0.9509 of 5 stars	C$33.97 +0.1%	C$27.50 -19.0%	-24.8%	C$8.24B	C$5.25B	13.17	22,900
DAY Dayforce	0.0795 of 5 stars	C$95.35 -1.1%	N/A	N/A	C$15.26B	C$1.89B	N/A	N/A
HUT Hut 8	1.3699 of 5 stars	C$112.38 -7.9%	N/A	+244.7%	C$12.65B	C$317.95M	N/A	219	News Coverage Analyst Upgrade Gap Up
DSG The Descartes Systems Group	1.1582 of 5 stars	C$104.55 +0.6%	N/A	-23.1%	C$8.96B	C$753.87M	52.01	50,800
TOI Topicus.com	1.4495 of 5 stars	C$99.80 -0.7%	C$143.75 +44.0%	N/A	C$8.34B	C$1.70B	237.62	N/A

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This page (TSE:OTEX) was last updated on 8/23/2026 by MarketBeat.com Staff.

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Open Text (OTEX) Competitors