Canna-Global Acquisition Corp. and Open Text Corporation, both business services companies, have been compared based on various factors to determine which one presents a better investment opportunity. The analysis takes into account institutional ownership, earnings, risk, dividends, valuation, analyst recommendations, and profitability.
In terms of earnings and valuation, Open Text outperforms Canna-Global Acquisition. Open Text boasts higher revenue and earnings figures compared to its counterpart.
Analyst ratings also favor Open Text, with a consensus price target of $38.60, indicating a potential upside of 23.01%. This suggests that analysts believe Open Text is a more favorable investment option than Canna-Global Acquisition.
When it comes to institutional and insider ownership, Open Text takes the lead. A significant 70.4% of Open Text shares are owned by institutional investors, while only 19.5% of Canna-Global Acquisition shares are held by such investors. Additionally, 10.6% of Open Text shares are owned by insiders, whereas 72.1% of Canna-Global Acquisition shares are held by insiders. This discrepancy in ownership indicates that Open Text is favored by large money managers, hedge funds, and endowments, suggesting long-term growth potential.