Will Opendoor stock go up?
The average price target for Opendoor Technologies is $3.25. This is based on 9 Wall Streets Analysts 12-month price targets, issued in the past 3 months. The highest analyst price target is $4.50 ,the lowest forecast is $1.00. The average price target represents 13.24% Increase from the current price of $2.87.
In Q3 2023, the company purchased more than 3,000 homes, bringing its acquisition rate back to around Q4 2022 levels. It still expects to report that revenue declined in Q4 2023, but management is optimistic about getting the business back to growth in 2024.
Is Opendoor Technologies stock a Buy, Sell or Hold? Opendoor Technologies stock has received a consensus rating of buy. The average rating score is and is based on 19 buy ratings, 12 hold ratings, and 3 sell ratings.
Opendoor's decline continues
Few stocks have as much sensitivity to interest rates as Opendoor, which makes money from buying and selling homes. As a house-flipper, falling mortgage rates favor the company since they tend to make home prices go up while rising interest rates have the opposite effect.
Masonite International's analyst rating consensus is a Moderate Buy. This is based on the ratings of 7 Wall Streets Analysts.
Opendoor Technologies is not owned by hedge funds. Our data shows that The Vanguard Group, Inc. is the largest shareholder with 12% of shares outstanding. Access Industries, Inc. is the second largest shareholder owning 8.0% of common stock, and BlackRock, Inc. holds about 6.9% of the company stock.
On average, Wall Street analysts predict that Opendoor Technologies's share price could reach $3.13 by Feb 16, 2025. The average Opendoor Technologies stock price prediction forecasts a potential upside of 1.46% from the current OPEN share price of $3.08.
Based on short-term price targets offered by nine analysts, the average price target for Opendoor Technologies Inc. comes to $2.89. The forecasts range from a low of $1.00 to a high of $4.50. The average price target represents a decline of 6.17% from the last closing price of $3.08.
The all-time high Opendoor Technologies stock closing price was 35.88 on February 11, 2021. The Opendoor Technologies 52-week high stock price is 5.41, which is 77.4% above the current share price. The Opendoor Technologies 52-week low stock price is 1.10, which is 63.9% below the current share price.
Stock Prediction 2030. In 2030, the Opendoor Technologies Inc. stock will reach $ 35.31 if it maintains its current 10-year average growth rate. If this Opendoor Technologies Inc. stock prediction for 2030 materializes, OPEN stock willgrow 1,035.51% from its current price.
Who is better than Opendoor?
| Company | Customer Rating | |
|---|---|---|
| Best overall Clever Offers | 5/5 (3,162 reviews) | Learn More On listwithclever.com |
| Offerpad | 4/5 (2,767 reviews) | Learn More |
| Knock | 4.8/5 (834 reviews) | Learn More |
| Orchard | 4.7/5 (2,323 reviews) | Learn More |
In the last quarter alone, Opendoor lost $399 million after selling more than 7,500 homes during the period. For all of 2022, the company posted a net loss of $1.4 billion — more than double the $662 million that the company lost in 2021, when it was cheap to borrow money and home prices were climbing.
And despite the overall drop in revenue, the company reduced its losses significantly, cutting expenses by nearly a third in Q4 vs. Q3. Opendoor still reported a net loss of $275 million in 2023 — but that was a dramatic improvement over 2022, when the company lost a staggering $1.4 billion.
The OpenDoor stock forecast is 4.820403430672 USD for 2025 March 01, Saturday.
Time is your most valuable resource when building wealth in the stock market. So rather than waiting for the ideal time to invest, it's often better to buy now and hold your investments for the long term. Even if you invest at the "wrong" time, it can still pay off over time.
Largest shareholders include Vanguard Group Inc, BlackRock Inc., Renaissance Technologies Llc, Sylebra Capital Ltd, Sylebra Capital Llc, VGSIX - Vanguard Real Estate Index Fund Investor Shares, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, Dimensional Fund Advisors Lp, NAESX - Vanguard Small-Cap Index ...
Open Door Investment Management Ltd. is a 100% employee-owned, SEC-registered investment advisor founded in 2011 by veteran China investors. We manage institutional funds and segregated accounts specializing in Greater China, A-shares, healthcare, and ethical/ESG strategies.
Zillow and Opendoor were once competitors in the iBuying space. Now they're teaming up. The companies said Thursday they've formed a multi-year partnership to essentially feed Zillow users to Opendoor's iBuying platform by allowing sellers on Zillow to request an offer from Opendoor to purchase their home.
2024-01-26 - BlackRock Inc. has filed an SC 13G form with the Securities and Exchange Commission (SEC) disclosing ownership of 50,672,097 shares of Opendoor Technologies Inc. (US:OPEN). This represents 7.6 percent ownership of the company.
In 2018, Opendoor raised $400m in funding from the SoftBank Group Vision Fund. In 2019, it raised $300m in a funding round led by General Atlantic. At the time, the enterprise valuation was $3.8b.
Is Opendoor a Fortune 500 company?
– Just keep building. In 2022, the real estate technology business Opendoor became a Fortune 500 company for the first time.
Opendoor Technologies Shares Outstanding: 679.64M for Feb. 8, 2024.
| Average Recommendation | Hold |
|---|---|
| Average Target Price | 3.03 |
| Number Of Ratings | 12 |
| FY Report Date | 12/2024 |
| Last Quarter's Earnings | -0.14 |
Berkshire Hathaway (BRK.
The Omaha, Nebraska-based company is the most expensive stock by share price, with Class A shares of the company selling at nearly half a million dollars per share. Berkshire Hathaway has been led by chair and CEO Buffet since the 1960s.
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