Opendoor Technologies Stock Buy or Sell? OPEN Stocks Forecast

Market Capitalization: 1 014 723 000 $
EBITDA: -685 000 000 $
Price to Earnings: None
Quarterly Earnings Growth YOY: N/A
Quarterly Revenue Growth YOY: 0.483
Trailing PE: -
Forward PE: 40.32
Shares Outstanding: 634202000

Opendoor Technologies Stock Buy or Sell? OPEN Stocks Analytic Forecasts

January 29, 2023 (02:50)

Opendoor Technologies Inc. (OPEN) Sector: Technology

We present you the most up-to-date and complete review of analytical trend forecasts and views on the OPEN stock market. Experts share their opinions on what to expect from the Opendoor Technologies Inc. stock market. How likely is the stock price to move in a bullish or bearish trend. Which should help you to make the right decision whether to Buy or Sell Opendoor Technologies stocks.

Opendoor Technologies Inc. Stock Market Experts’ Analysis and Forecasting – Sell or Buy OPEN Shares?

The most recent analytical view which can help you to answer the worrying question: Should I Buy Stocks Now or Wait? came out under the authorship of Julian Lin and is titled

“Opendoor: The Future ‘Amazon Of Real Estate’ At A Compelling Valuation”

is published on January 5 (2023) and has 15 likes. The review predicts Bullish market trend.

It summarize the following theses:

  • Like many SPACs, Opendoor has seen its stock get obliterated amidst the tech stock crash.
  • The stock is trading just around $1 per share – the original SPAC price was $10 per share and the stock previously traded higher than $30 per share.
  • Unlike most SPACs, Opendoor had been crushing its initial SPAC estimates heading into this year.
  • The tough macro environment has significantly elevated the risk for the real estate i-Buyer.
  • Opendoor has already launched its third-party Marketplace offering in select cities – that represents a sizable long term opportunity.

The author starts his analytic review with the following:

Amidst a rising interest rate environment, Opendoor (NASDAQ:OPEN) has found its stock price and its fundamentals thrashed left and right. This is a name which had previously distinguished itself as one of the few SPACs to materially outperform SPAC projections after coming public. Yet with mortgage rates at the highest they’ve been in a decade, OPEN has seen both transaction volume and home values fall. While management expects to work through the troubled inventory in due time, there is clearly great risk to the business model as the company has still not yet fully rolled out its marketplace platform. Yet OPEN may still offer great upside if it can execute on its long-term marketplace vision. The price is right to own a small position in this name, but volatility is pretty much guaranteed.

This author is very popular among the auditory. He has 27115 followers

Julian Lin is the contributor of experts community since 2017 and has a great number of published articles – 796.

One more noteworthy article is written by Deep Tech Insights under the title

“Opendoor: A Huge Value Opportunity For A Contrarian Investor”

on January 5 (2023) and has 7 likes. The expert reflects Bullish trend of the market.

Нis theses make you think about whether to add OPEN stocks to your investment portfolio or not, and helps to work out your own Opendoor Technologies stock selling strategies:

  • Opendoor Technologies is a disruptive technology company which aims to automate the house buying process.
  • In the third quarter of 2022, the company beat revenue growth estimates but missed on earnings.
  • Its stock is undervalued intrinsically and relative to historic multiples.

Deep Tech Insights starts analysis with such words:

Opendoor (NASDAQ:OPEN) is on a mission to automate the home buying process and take market share in the fragmented real estate market, worth an estimated $2.3 trillion per year. Since its IPO in 2020, the company has increased its revenue by over 167%. Despite this progress, its stock price has been butchered by nearly 97% from its all-time high in February 2021. Given these factors, Opendoor is now deeply undervalued according to my valuation model and a potential opportunity for a contrarian investor. However, the company still has many challenges ahead, given the declining housing market and recessionary environment. Thus, in this post, I’m going to break down its business model, financials, and valuation, let’s dive in.

The opinion of the author can be considered quite authoritative.
The number of 4705 followers confirms this.
Deep Tech Insights is the contributor of experts community since 2022. Has already published at least 293 articles.

Another analysis presented by Leo Imasuen came out on December 26 (2022). Obviously, coupled with the newer reviews, this forecasting could be useful to find out the best trading strategy for OPEN stocks. It sounds like

“Which iBuyer Could Stage A Recovery In 2023, Opendoor Or Offerpad?”

Article has got 1 likes at the moment and forecasting Neutral trend of the market.

Summarizing the information presented in the review concerning the Opendoor Technologies Inc., the expert says the following:

  • Opendoor and Offerpad are both down by around 93% year-to-date.
  • Their disruptive home-buying model looks set to get discombobulated by the falling real estate prices next year.
  • High leverage ratios against rising interest rates have rendered a new position in both companies as too high risk.

And here, what comes first:

iBuying was meant to be a straightforward, more convenient, and ultimately less frictional way for people to sell and buy homes. Both Opendoor (NASDAQ:OPEN) and Offerpad (NYSE:OPAD) use information supplied by homeowners and computer-generated analysis of local market data to make cash offers for homes within hours. The model’s usefulness to sellers really comes from how inherently frictionless it is and how it does away with the traditional model of high estate agent fees, numerous showings, stacks of paperwork coordinated across numerous entities, and months of uncertainty.

The opinion of the author can be considered quite authoritative.
The number of 6868 followers confirms this.
Leo Imasuen is the contributor of experts community since 2015. Has already 465 analytic reviews published.

The Share Price of Opendoor Technologies Inc. (OPEN) for now

What analysts predict: $4.29
52-week high/low: $11.39 / $0.917

50/200 Day Moving Average: $1.502 / $4.256

The average stock price over the previous 50/200 days. For Opendoor Technologies stocks, the 50-day moving average is the resistance level for now. For OPEN stocks, the 200-day moving average is the resistance level today.

See the Detailed Predictions for OPEN stock with charts and tables

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