Analyst Price Targets — OPEN
Latest News for OPEN
Opendoor made progress in the second quarter, with higher revenue quarter over quarter and lower costs per acquisition close. Revenue and net loss were worse compared with last year.
A textbook illustration of high-beta behavior is playing out on Monday morning in Opendoor Technologies (NASDAQ:OPEN) stock, which is sliding several times as much as the broad market on a session that carries no verified company-specific news.
Opendoor's rising acquisition volume, stronger unit economics and lower costs support its path to ANI breakeven at a $9B revenue run rate.
ZG's diversified model and stronger ROE contrast with OPEN's discounted valuation, AI push and bigger housing-market risks.
Opendoor is selling convertible bonds in part to raise liquidity to repurchase its own stock. The company's business model is struggling at the moment.
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