Benchmark analyst Mark Schappel raised his price target on OpenText (OTEX) shares to $48 from $42 after having attended the company's annual user conference. No "monumental revelations" came out of the event, but it reinforced his Buy rating and overall investment thesis, said Schappel, who sees the company as a consolidator in the relatively mature ECM/EIM software space. Ahead of April 2020, when the company will start to sell all of its solutions as a cloud service, OpenText "strengthened its cloud credentials" by announcing an extended partnership with Google Cloud to become Google's (GOOGL) preferred EIM services provider, noted Schappel.

Meta Platforms (META), the parent company of Facebook, Instagram, WhatsApp, Oculus, Threads and other brands, is scheduled to report first quarter 2024 results after market close on Wednesday, April 24 with a conference call scheduled for 5 pm ET. Here's what to... To see the rest of the story go to thefly.com. See Story Here

The promise of AI has already driven a massive market rally. The irony is that Apple (AAPL), the company with more context about our lives than any other, has been left behind, Alex Eule writes in this week's edition of Barron's. Unlike Big Tech rivals Meta (META) and Alphabet (GOOGL), or the start-up OpenAI, it has yet to create its own large-language model. The switch to AI, to be sure, is more complex than making a larger-screen phone. But Apple's dominance hasn't changed. And that puts it at the center of any shift - real or artificial, the author says. Reference Link