Opendoor Stock Volatility: Opendoor Technologies Inc's stock surged over 500% in two months but recently dropped due to poor guidance and a CEO departure, despite a 40% increase in the past five days.
Meme-Stock Influence on ETFs: The stock's rally was driven by high short interest and retail trading enthusiasm on social media, reminiscent of the GameStop situation, affecting ETF performance significantly.
ETF Holdings and Exposure: Major ETFs like Vanguard Real Estate Index ETF have reduced their holdings in Opendoor, with other small-cap funds holding less than 1% exposure to the stock.
Investor Sentiment and Analyst Downgrades: Analysts express caution with recent downgrades predicting low price targets for Opendoor, indicating that while retail interest persists, ETFs holding the stock may face continued volatility.
Wall Street analysts forecast PRFZ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PRFZ is USD with a low forecast of USD and a high forecast of 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.
0 Analyst Rating
Wall Street analysts forecast PRFZ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PRFZ is USD with a low forecast of USD and a high forecast of 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.
0 Buy
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0 Sell
Current: 49.350
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Current: 49.350
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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.
