Do analysts prefer HUT or OTEX?

Open Text has a consensus price target of C$27.50, suggesting a potential downside of 14.06%. Given Open Text's higher probable upside, analysts plainly 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) 5 Strong Buy rating(s) 3.83 Open Text 0 Sell rating(s) 2 Hold rating(s) 0 Buy rating(s) 0 Strong Buy rating(s) 2.00

Which has better earnings & 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 48.39 C$193.22M -C$5.40 N/A Open Text C$5.25B 1.48 C$455.93M C$2.58 12.40

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 DAY or OTEX?

Open Text has a consensus target price of C$27.50, suggesting a potential downside of 14.06%. Given Open Text's higher probable upside, analysts clearly 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 higher earnings & valuation, 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 1.48 C$455.93M C$2.58 12.40

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 rate OTEX or DSG?

Open Text presently has a consensus price target of C$27.50, indicating a potential downside of 14.06%. Given Open Text's higher probable 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 better 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 1.48 C$455.93M C$2.58 12.40 The Descartes Systems Group C$753.87M 11.97 C$97.67M C$2.01 52.40

Which has preferable earnings and valuation, OTEX or TOI?

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 Open Text C$5.25B 1.48 C$455.93M C$2.58 12.40 Topicus.com C$1.70B 4.63 C$35.08M C$0.42 223.83

Do analysts prefer BITF or OTEX?

Open Text has a consensus target price of C$27.50, indicating a potential downside of 14.06%. Given Open Text's stronger consensus rating and higher probable upside, analysts clearly believe Open Text is more favorable than Bitfarms. Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Bitfarms 0 Sell rating(s) 0 Hold rating(s) 0 Buy rating(s) 0 Strong Buy rating(s) 0.00 Open Text 0 Sell rating(s) 2 Hold rating(s) 0 Buy rating(s) 0 Strong Buy rating(s) 2.00

Which has better valuation & earnings, BITF or OTEX?

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 Bitfarms C$229.28M 21.67 -C$110.66M -C$0.52 N/A Open Text C$5.25B 1.48 C$455.93M C$2.58 12.40

Is BITF or OTEX 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 Bitfarms -234.21% -74.20% -10.66% Open Text 12.25% 15.99% 4.03%

Open Text (OTEX) Competitors

C$32.00 +0.73 (+2.33%)

As of 09/11/2026 04:00 PM Eastern

Compare

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

Should you buy Open Text stock or one of its competitors? Open Text's main competitors and comparable companies include Hut 8 (HUT), Dayforce (DAY), 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 Hut 8?

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

Open Text has a consensus price target of C$27.50, suggesting a potential downside of 14.06%. Given Open Text's higher probable upside, analysts plainly 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)	5 Strong Buy rating(s)	3.83
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	48.39	C$193.22M	-C$5.40	N/A
Open Text	C$5.25B	1.48	C$455.93M	C$2.58	12.40

39.3% of Hut 8 shares are held by institutional investors. Comparatively, 55.0% of Open Text shares are held by institutional investors. 60.2% of Hut 8 shares are held by company insiders. Comparatively, 2.1% of Open Text shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company will outperform the market over the long term.

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 1.235534, indicating that its stock price is 24% 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%

In the previous week, Hut 8 had 1 more articles in the media than Open Text. MarketBeat recorded 1 mentions for Hut 8 and 0 mentions for Open Text. Hut 8's average media sentiment score of 0.00 equaled Open Text'saverage media sentiment score.

Company	Overall Sentiment
Hut 8	Neutral
Open Text	Neutral

Summary

Open Text beats Hut 8 on 9 of the 16 factors compared between the two stocks.

How does Open Text compare to Dayforce?

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

60.3% of Dayforce shares are held by institutional investors. Comparatively, 55.0% 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 hedge funds, large money managers and endowments believe a stock is poised for long-term growth.

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%

Dayforce has a beta of 0.993443, meaning that its share price is 1% less volatile than the broader market. Comparatively, Open Text has a beta of 1.235534, meaning that its share price is 24% more volatile than the broader market.

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 consensus target price of C$27.50, suggesting a potential downside of 14.06%. Given Open Text's higher probable upside, analysts clearly 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

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	1.48	C$455.93M	C$2.58	12.40

Summary

Open Text beats Dayforce on 10 of the 12 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 superior stock? We will compare the two companies based on the strength of their dividends, earnings, risk, valuation, analyst recommendations, profitability, institutional ownership and media sentiment.

Open Text presently has a consensus price target of C$27.50, indicating a potential downside of 14.06%. Given Open Text's higher probable 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

Open Text has a beta of 1.235534, indicating that its stock price is 24% more volatile than the broader market. Comparatively, The Descartes Systems Group has a beta of 0.142043, indicating that its stock price is 86% less volatile than the broader market.

In the previous week, The Descartes Systems Group had 2 more articles in the media than Open Text. MarketBeat recorded 2 mentions for The Descartes Systems Group and 0 mentions for Open Text. The Descartes Systems Group's average media sentiment score of 1.02 beat Open Text's score of 0.00 indicating that The Descartes Systems Group is being referred to more favorably in the news media.

Company	Overall Sentiment
Open Text	Neutral
The Descartes Systems Group	Positive

The Descartes Systems Group has a net margin of 24.25% 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	24.25%	11.71%	7.51%

55.0% of Open Text shares are owned by institutional investors. Comparatively, 66.8% of The Descartes Systems Group shares are owned by institutional investors. 2.1% of Open Text shares are owned by insiders. Comparatively, 0.0% of The Descartes Systems Group shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.

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	1.48	C$455.93M	C$2.58	12.40
The Descartes Systems Group	C$753.87M	11.97	C$97.67M	C$2.01	52.40

Summary

The Descartes Systems Group beats Open Text on 10 of the 17 factors compared between the two stocks.

How does Open Text compare to Topicus.com?

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

Open Text has a beta of 1.235534, indicating that its share price is 24% more volatile than the broader market. Comparatively, Topicus.com has a beta of 0.060541, indicating that its share price is 94% less volatile than the broader market.

Open Text currently has a consensus price target of C$27.50, indicating a potential downside of 14.06%. Topicus.com has a consensus price target of C$143.75, indicating a potential upside of 52.91%. Given Topicus.com's stronger consensus rating and higher possible upside, analysts plainly believe Topicus.com is more favorable than Open Text.

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
Topicus.com	0 Sell rating(s)	0 Hold rating(s)	3 Buy rating(s)	0 Strong Buy rating(s)	3.00

55.0% of Open Text shares are owned by institutional investors. Comparatively, 21.0% of Topicus.com shares are owned by institutional investors. 2.1% of Open Text shares are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.

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

Company	Overall Sentiment
Open Text	Neutral
Topicus.com	Neutral

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
Open Text	C$5.25B	1.48	C$455.93M	C$2.58	12.40
Topicus.com	C$1.70B	4.63	C$35.08M	C$0.42	223.83

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
Open Text	12.25%	15.99%	4.03%
Topicus.com	N/A	N/A	N/A

Summary

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

How does Open Text compare to Bitfarms?

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

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

Company	Overall Sentiment
Bitfarms	Neutral
Open Text	Neutral

11.7% of Bitfarms shares are held by institutional investors. Comparatively, 55.0% of Open Text shares are held by institutional investors. 23.4% of Bitfarms 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.

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
Bitfarms	C$229.28M	21.67	-C$110.66M	-C$0.52	N/A
Open Text	C$5.25B	1.48	C$455.93M	C$2.58	12.40

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
Bitfarms	-234.21%	-74.20%	-10.66%
Open Text	12.25%	15.99%	4.03%

Bitfarms has a beta of 3.414688, meaning that its share price is 241% more volatile than the broader market. Comparatively, Open Text has a beta of 1.235534, meaning that its share price is 24% more volatile than the broader market.

Open Text has a consensus target price of C$27.50, indicating a potential downside of 14.06%. Given Open Text's stronger consensus rating and higher probable upside, analysts clearly believe Open Text is more favorable than Bitfarms.

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

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$7.57B	C$15.42B	C$29.62B	C$12.66B
Dividend Yield	4.96%	3.43%	2.74%	6.28%
P/E Ratio	12.40	138.41	76.62	40.11
Price / Sales	1.48	1,289.23	589.10	9.50
Price / Cash	5.94	45.12	47.50	82.29
Price / Book	1.93	8.34	7.70	4.67
Net Income	C$455.93M	C$434.47M	C$704.99M	C$299.09M
7 Day Performance	-3.38%	-2.04%	-1.08%	-1.33%
1 Month Performance	-4.08%	-1.09%	-3.65%	-1.18%
1 Year Performance	-35.24%	-0.19%	180.35%	23.80%

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	0.6331 of 5 stars	C$32.00 +2.3%	C$27.50 -14.1%	-34.4%	C$7.57B	C$5.25B	12.40	22,900
HUT Hut 8	0.7593 of 5 stars	C$136.75 +5.7%	N/A	+209.3%	C$15.96B	C$317.95M	N/A	219	Positive News
DAY Dayforce	0.0782 of 5 stars	C$95.35 -1.1%	N/A	-0.1%	C$15.26B	C$1.89B	N/A	N/A
DSG The Descartes Systems Group	1.7386 of 5 stars	C$104.07 -4.6%	N/A	-28.8%	C$9.35B	C$753.87M	51.78	50,800	Positive News Earnings Report Gap Up
TOI Topicus.com	1.3765 of 5 stars	C$95.13 -5.3%	C$143.75 +51.1%	N/A	C$8.39B	C$1.70B	226.50	N/A

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This page (TSE:OTEX) was last updated on 9/12/2026 by MarketBeat.com Staff.

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Open Text (OTEX) Competitors