Opendoor Technologies shares are trading higher after Keefe, Bruyette & Woods upgraded the stock from Underperform to Market Perform and raised its price target from $1.65 to $3.5.
Portfolio Pulse from Benzinga Newsdesk
Opendoor Technologies' stock (OPEN) is trading higher following an upgrade from Keefe, Bruyette & Woods, who raised their rating from Underperform to Market Perform and increased the price target from $1.65 to $3.5.
December 13, 2023 | 3:55 pm
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POSITIVE IMPACT
Opendoor Technologies' stock is expected to experience a positive short term impact due to an analyst upgrade from Keefe, Bruyette & Woods and a raised price target.
Analyst upgrades typically lead to a positive short term reaction in a stock's price as they suggest a more favorable outlook for the company. The increase in the price target further supports the potential for stock price appreciation.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100