Opendoor's Leadership Change: Opendoor's stock surged over 55% after the announcement of Kaz Nejatian, former COO of Shopify, as the new CEO, replacing Carrie Wheeler amid investor pressure for change.
Board Restructuring: Alongside Nejatian's appointment, co-founder Keith Rabois was named chairman, and Eric Wu returned to the board, while two board members stepped down, signaling a significant shift in company leadership.
Stock Performance and Investor Confidence: After a drastic decline in stock value, Opendoor has seen a remarkable recovery, with shares rising over 600% in six months, attributed to positive adjusted EBITDA and a renewed focus on AI technology and partnerships.
Vision for the Future: Nejatian expressed his intent to leverage his experience to transform Opendoor into a platform that enhances homeownership opportunities, aiming to innovate and strengthen community ties.
OPEN
$6.73+Infinity%1D
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
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.
1 Buy
2 Hold
2 Sell
Hold
Current: 6.470
Low
1.40
Averages
4.35
High
8.00
Current: 6.470
Low
1.40
Averages
4.35
High
8.00
Citi
Sell
maintain
2025-11-12
Reason
Citi
Price Target
2025-11-12
maintain
Sell
Reason
Citi raised the firm's price target on Opendoor Technologies to $1.40 from 70c and keeps a Sell rating on the shares post the Q3 report. The company said it will begin materially rescaling the business and home purchases under new management.
JPMorgan
Overweight
maintain
$8
2025-11-10
Reason
JPMorgan
Price Target
$8
2025-11-10
maintain
Overweight
Reason
JPMorgan keeps an Overweight rating on Opendoor Technologies and established an $8 price target following the Q3 report. While the company's near-term results will be volatile, Opendoor already reduced spreads, which is driving an acceleration in home acquisitions in Q4, the analyst tells investors in a research note. JPMorgan is "encouraged by the confidence and energy from the new leadership."
Keefe Bruyette
Ryan Tomasello
Underperform
maintain
$1 -> $2
2025-11-10
Reason
Keefe Bruyette
Ryan Tomasello
Price Target
$1 -> $2
2025-11-10
maintain
Underperform
Reason
Keefe Bruyette analyst Ryan Tomasello raised the firm's price target on Opendoor Technologies to $2 from $1 and keeps an Underperform rating on the shares.
BTIG
Jake Fuller
Neutral
maintain
~$5
2025-11-10
Reason
BTIG
Jake Fuller
Price Target
~$5
2025-11-10
maintain
Neutral
Reason
BTIG analyst Jake Fuller says Opendoor Technologies' new management going on offense by talking about buying more homes faster at better margins "struck a chord" with investors, but the firm argues that removing the guardrails "would only work" if Opendoor has cracked the code on buying the right homes at the right price in the right sort of market backdrop, which it says "feels like a lot to take on faith." Even if one underwrites a rebound in volume to the 2022 peak at current margin targets, that would "still only pencil us out to value for the stock in the ~$5/share range," while getting to something closer to the current price would require above-peak volume or the application of a software-type multiple on what is "a low-margin, capital-intense business," adds the analyst, who keeps a Neutral rating on the stock.
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.
