Opendoor Technologies: Valuation Approaching An Attractive Entry Point [Seeking Alpha]
Opendoor Technologies Inc (OPEN)
Company Research
Source: Seeking Alpha
Follower s Follow Summary As the Fed is likely to lower its benchmark rates, both the macro environment and the real estate market are expected to become more favorable for the company. Having dropped more than 90% from its peak, I believe the current stock price is undervalued and presents an attractive entry point for investors. However, I'm trying not to become overly optimistic about this company due to several risks that I will discuss in my article. Gary Yeowell Thesis Opendoor Technologies Inc( Nasdaq: OPEN ) is an online residential real-estate transaction platform that aims to provide more convenient ways of purchasing and selling homes. But its main source of revenue is flipping houses. The company purchases homes directly from customers, repair them and sell them at higher prices. Despite challenging macro headwinds such as growing concerns over the U.S. economy, I recommend that investors monitor this company as I believe the U.S. housing market is likely
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News
- Are 'we buy houses' offers a rip-off? How to know if you're getting scammed. [Yahoo! Finance]Yahoo! Finance
- David Benson joins Opendoor Board of DirectorsGlobeNewswire
- Prediction: These 2 Stocks Will Soar If Interest Rates Are Cut This Month [Yahoo! Finance]Yahoo! Finance
- Opendoor (OPEN) Stock Trades Down, Here Is Why [Yahoo! Finance]Yahoo! Finance
- Opendoor Technologies Inc. (OPEN) 2024 Goldman Sachs Communacopia and Technology Conference (Transcript) [Seeking Alpha]Seeking Alpha
OPEN
Earnings
- 8/1/24 - Beat
OPEN
Sec Filings
- 9/12/24 - Form 4
- 9/12/24 - Form 3
- 9/12/24 - Form 8-K
- OPEN's page on the SEC website