Open Text edged higher, bucking a broader technology sector selloff that sent the Nasdaq down 1.54% as investors weighed the company's improving fundamentals against macro headwinds. The stock found support following its Q3 FY2026 earnings beat — posting EPS of $1.01 vs. $0.94 expected and cloud revenue growth of 21 consecutive quarters — alongside the $150M Vertica divestiture to Rocket Software and the arrival of new CEO Ayman Antoun. Analysts hold a consensus 'Hold' with an average target of $34.50, though several have trimmed price targets; shares trade at roughly 11x earnings with a ~4.8% dividend yield, drawing value-oriented attention.

[...] Open Text Corporation shares declined nearly 2%, closing near multi-week lows, as investors continued to weigh a string of analyst price target cuts and the recent completion of its $150 million Vertica divestiture to Rocket Software. While new CEO Ayman Antoun — who took the helm on April 20 — framed the asset sale as part of a disciplined capital allocation strategy focused on core AI and cloud businesses, the market reaction has been cautious; Citigroup cut its target to $25, Barclays to $27, and TD Securities trimmed to $27…