Credit Suisse Maintains Outperform on Opendoor Technologies, Lowers Price Target to $7
Portfolio Pulse from richadhand@benzinga.com
Credit Suisse analyst Stephen Ju has maintained an 'Outperform' rating on Opendoor Technologies (NASDAQ:OPEN) but lowered the price target from $8 to $7.
August 07, 2023 | 12:00 pm
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NEUTRAL IMPACT
Opendoor Technologies' price target has been lowered from $8 to $7 by Credit Suisse, though the 'Outperform' rating is maintained.
The news of a lowered price target could potentially have a negative impact on the stock's price in the short term as it may cause investors to reassess their positions. However, the maintained 'Outperform' rating indicates that the analyst still sees potential in the company, which could offset some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100