Forecasting The Future: 4 Analyst Projections For Opendoor Technologies
Portfolio Pulse from Benzinga Insights
Analyst ratings for Opendoor Technologies (NASDAQ:OPEN) show mixed sentiments, with recent updates varying from bullish to bearish. The average 12-month price target has increased to $3.95, up 16.86% from the previous $3.38. Despite this positive shift, Opendoor faces challenges, including a significant revenue decline of -70.84% as of September 30, 2023, and below-average net margin and ROA. However, its ROE outperforms industry benchmarks, and its conservative debt management is noted.
February 16, 2024 | 8:00 pm
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Opendoor Technologies has received mixed analyst ratings, with a positive shift in the average 12-month price target to $3.95. However, the company faces significant challenges, including a substantial revenue decline and below-average profitability metrics, though it has a strong ROE and conservative debt management.
The mixed analyst ratings and the increase in the average price target suggest a neutral short-term impact on OPEN's stock price. The significant revenue decline and below-average profitability metrics could dampen investor sentiment, while the strong ROE and conservative debt management could provide some support.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100