OPEN

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Overview
Forecast
Valuation
Earnings

High

2.250

Open

2.035

VWAP

2.12

Vol

126.82M

Mkt Cap

1.51B

Low

2.000

Amount

268.41M

EV/EBITDA(TTM)

Total Shares

691.58M

3.46B

EV/OCF(TTM)

P/S(TTM)

0.29

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.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q2

FY2025Q3

FY2025Q4

1.50B

-0.74%

1.21B

-11.79%

1.04B

-4.05%

Estimates Revision

The market is revising Downward the revenue expectations for Opendoor Technologies Inc. (OPEN) for FY2025, with the revenue forecasts being adjusted by -4.84% over the past three months. During the same period, the stock price has changed by 176.89%.

Revenue Estimates for FY2025

Revise Downward

-4.84%

In Past 3 Month

Stock Price

Go Up

+176.89%

In Past 3 Month

5 Analyst Rating

-59.90% Downside

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 0.83 USD with a low forecast of 0.68 USD and a high forecast of 1.00 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

3 Hold

1 Sell

Hold

-59.90% Downside

Current: 2.070

Low

0.68

Averages

0.83

High

1.00

-59.90% Downside

Current: 2.070

Low

0.68

Averages

0.83

High

1.00

Citizens JMP

Outperform -> Market Perform

downgrade

$NULL

2025-06-27

Reason

Citizens JMP

Price Target

$NULL

2025-06-27

downgrade

Outperform -> Market Perform

Reason

Citizens JMP downgraded Opendoor Technologies to Market Perform from Outperform without a price target as the firm transferred coverage of the property technology group. While the firm believes Opendoor will be increasingly used as a backstop for home sellers, which can help it connect home sellers to agents, and believes Opendoor's agent business is early and has the potential to transition Opendoor to a higher mix of capital-light and high-margin revenue, it awaits an inflection in either the macro environment or the company's agent business to "become more positive."

UBS

Lloyd Walmsley

Hold

Maintains

$2 → $1.2

2025-03-04

Reason

UBS

Lloyd Walmsley

Price Target

$2 → $1.2

2025-03-04

Maintains

Hold

Reason

Keefe, Bruyette & Woods

Ryan Tomasello

Hold

Maintains

$1.9 → $1.55

2025-03-03

Reason

Keefe, Bruyette & Woods

Ryan Tomasello

Price Target

$1.9 → $1.55

2025-03-03

Maintains

Hold

Reason

Keefe Bruyette lowered the firm's price target on Opendoor Technologies to $1.55 from $1.90 and keeps a Market Perform rating on the shares. The firm has a cautious bias given still elevated cash burn and the weakening capital position, the analyst tells investors in a research note.

Citigroup

Ygal Arounian

Hold

Maintains

$1.8 → $1.4

2025-02-28

Reason

Citigroup

Ygal Arounian

Price Target

$1.8 → $1.4

2025-02-28

Maintains

Hold

Reason

Citigroup

Ygal Arounian

Hold

Maintains

$2 → $1.8

2025-01-03

Reason

Citigroup

Ygal Arounian

Price Target

$2 → $1.8

2025-01-03

Maintains

Hold

Reason

Citi lowered the firm's price target on Opendoor Technologies to $1.80 from $2 and keeps a Neutral rating on the shares as part of its 2025 internet outlook. After another strong year for internet stocks in 2024, Citi expects continued momentum, driven more by fundamentals than multiple expansion, the analyst tells investors in a research note. The firm says that while internet largely outperformed in 2024, it sees fundamentals as better positioned going into 2025, while multiples are "still reasonable, despite two years of re-rating." Citi's top picks for 2025 are Wix.com (WIX), Godaddy (GDDY), VeriSign (VRSN), Trade Desk (TTD), and Kaspi.kz (KSPI).

JMP Securities

Nicholas Jones

Buy

Reiterates

$2.5

2024-12-16

Reason

JMP Securities

Nicholas Jones

Price Target

$2.5

2024-12-16

Reiterates

Buy

Reason

See All Ratings

Valuation Metrics

The current forward P/E ratio for Opendoor Technologies Inc (OPEN.O) is -7.50, compared to its 5-year average forward P/E of -8.99. For a more detailed relative valuation and DCF analysis to assess Opendoor Technologies Inc 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

N/A

5Y Average PE

-8.99

Current PE

-7.50

Overvalued PE

-0.17

Undervalued PE

-17.81

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

N/A

5Y Average EV/EBITDA

4.51

Current EV/EBITDA

-75.40

Overvalued EV/EBITDA

105.65

Undervalued EV/EBITDA

-96.62

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

N/A

5Y Average PS

0.53

Current PS

0.30

Overvalued PS

1.12

Undervalued PS

-0.07