Deutsche Bank Initiates Coverage On Opendoor Technologies with Hold Rating, Announces Price Target of $2.8
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Benjamin Black has initiated coverage on Opendoor Technologies (NASDAQ:OPEN) with a Hold rating and set a price target of $2.8 for the company's stock.
November 21, 2023 | 1:34 pm
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NEUTRAL IMPACT
Deutsche Bank has initiated coverage on Opendoor Technologies with a Hold rating and a price target of $2.8.
The initiation of coverage by Deutsche Bank with a Hold rating suggests a neutral outlook on Opendoor Technologies' stock, indicating that the stock is expected to perform in line with the market or sector. The price target of $2.8 provides a benchmark for investors but does not imply significant upside or downside, hence the neutral score. The relevance is high as the news is directly about Opendoor Technologies. The importance is significant as analyst ratings can influence investor perception and stock price, but it is not at the highest level as the rating is neutral rather than a buy or sell. The confidence level is high due to the credibility of Deutsche Bank as a financial institution.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100