This Massively Crushed Stock Could Skyrocket 72% This Year, According to 1 Wall Street Analyst [Yahoo! Finance]
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Opendoor Technologies Inc (OPEN)
Company Research
Source: Yahoo! Finance
Some are feeling it more than others, and digital real estate companies, which were supposed to be the industry disruptors, have been some of the worst hit. Opendoor Technologies (NASDAQ: OPEN) is an iBuying company, which means it buys homes and resells them through its digital platform. It also has a massive marketplace for buyers to find homes and a large agent network. This is clearly not its best moment, and Opendoor stock is down 93% from its highs. Is this just external headwinds? Or is Opendoor in trouble? At least one Wall Street analyst sees the stock heading much higher this year. Let's see why, and what investors should do with Opendoor stock. This is not the best time to be in real estate Opendoor's revenue has dramatically plummeted in the high interest rate environment. Fewer homeowners are willing to part with their homes and take on a new high-interest mortgage, leading to lower inventory even for those who want to buy right now. It's a vicious cycle that isn'
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News
- ‘Emotional attachment' may prolong seniors' moving timelines: Opendoor [Yahoo! Finance]Yahoo! Finance
- Why Opendoor, Home Depot, and NVR, Inc. Rallied Today [Yahoo! Finance]Yahoo! Finance
- Offerpad and Realtor.com team up to make cash offers available to portal users [Yahoo! Finance]Yahoo! Finance
- Bing Chen: Hype man for Asian Hollywood [Los Angeles Times (CA)]Los Angeles Times
- 3 design mistakes you're making in each room of your house [Business Insider]Business Insider
OPEN
Earnings
- 5/2/24 - Beat
OPEN
Sec Filings
- 6/20/24 - Form 4
- 6/18/24 - Form 4
- 6/18/24 - Form 4
- OPEN's page on the SEC website