Opendoor Shares Surge as New CEO Takes Charge and Founders Rabois and Wu Rejoin Board to Reinforce Founder's Vision
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 10 2025
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Source: Benzinga
Leadership Changes at Opendoor: Opendoor Technologies announced the appointment of Kaz Nejatian, COO of Shopify, as CEO, while co-founders Keith Rabois and Eric Wu return to the board, with Rabois becoming chairman.
Investor Reactions and Stock Performance: The news led to a significant stock rally, with shares up over 20%, and analysts like Eric Jackson raising their price target for Opendoor to $500, citing the potential for strong leadership and innovation.
Analyst Views on OPEN
Wall Street analysts forecast OPEN stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for OPEN is 4.35 USD with a low forecast of 1.40 USD and a high forecast of 8.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
1 Buy
2 Hold
2 Sell
Hold
Current: 6.430
Low
1.40
Averages
4.35
High
8.00
Current: 6.430
Low
1.40
Averages
4.35
High
8.00
About OPEN
Opendoor Technologies Inc. is an e-commerce platform for residential real estate transactions. By leveraging software, data science, product design and operations, the Company is engaged in building a technology platform for residential real estate that offers buyers and sellers a digital, on-demand experience. Its product offerings include Sell to Opendoor, List with Opendoor and Opendoor Marketplace. Sell to Opendoor enables sellers to utilize its core product offering to sell their home directly to it, and it resells the home to a home buyer. By selling to Opendoor, homeowners can avoid the stress of open houses, home repair coordination, overlapping mortgages, and the uncertainty that can come with listing a home on the open market. Its capital-light marketplace offering connects home sellers with both institutional and retail buyers, facilitating transactions without Opendoor taking ownership of the home. Its listing product is available in nearly all Opendoor markets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
