Demystifying Opendoor Technologies: Insights From 4 Analyst Reviews
Portfolio Pulse from Benzinga Insights
Opendoor Technologies (NASDAQ:OPEN) has been reviewed by 4 analysts over the last three months, with a mix of opinions. The average 12-month price target is now $3.45, up from $3.05, with a high of $5.00 and a low of $2.50. Analysts from JMP Securities, Keefe, Bruyette & Woods, Deutsche Bank, and Morgan Stanley have updated their ratings and price targets. Opendoor's financial performance shows a significant revenue decline of -70.84% over 3 months, a net margin of -10.82%, and an ROE of -10.07%, with a debt-to-equity ratio of 2.8.
January 03, 2024 | 3:00 pm
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NEUTRAL IMPACT
Opendoor Technologies has a mixed set of analyst ratings with an upward trend in price targets, but faces financial challenges with significant revenue decline and low net margin.
The mixed analyst ratings and the upward revision in price targets could provide some positive sentiment, but the significant revenue decline and low net margin are likely to temper investor enthusiasm in the short term. The high relevance is due to the article being primarily about Opendoor Technologies, and the importance is high because financial performance and analyst ratings are critical for investors. The confidence level is not at the maximum because analyst ratings can be subjective and the market's reaction can be unpredictable.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100