Opendoor Technologies shares are trading lower after Credit Suisse maintained an Outperform rating on the stock but lowered its price target from $8 to $7.
Portfolio Pulse from Benzinga Newsdesk
Opendoor Technologies' shares are trading lower after Credit Suisse maintained an Outperform rating on the stock but lowered its price target from $8 to $7.
August 07, 2023 | 6:39 pm
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NEGATIVE IMPACT
Opendoor Technologies' stock price is likely to be negatively impacted in the short term due to Credit Suisse's lowered price target.
Credit Suisse's lowered price target for Opendoor Technologies, despite maintaining an Outperform rating, has led to a decrease in the company's stock price. This suggests that investors are reacting negatively to the revised price target, which could continue to put downward pressure on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100