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Opendoor Technologies (OPEN) Stock Forecast for 2024, 2025, 2026. Sell or Buy?
Updated: November 11, 2024 (19:12)
Sector: TechnologyThe share price of Opendoor Technologies Inc. (OPEN) now
Analysts predictions
Full report
This Week
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Neutral | Opinions: Na |
Previous Week
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Neutral | Opinions: Na |
Two Weeks Ago
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Neutral | Opinions: Na |
Three Weeks Ago
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Neutral | Opinions: Na |
Are you interested in Opendoor Technologies Inc. stocks and want to buy them, or are they already in your portfolio? If yes, then on this page you will find useful information about the dynamics of the Opendoor Technologies stock price in 2024, 2025, 2026. How much will one Opendoor Technologies share be worth in 2024 - 2026?
When should I take profit in Opendoor Technologies stock? When should I record a loss on Opendoor Technologies stock? What are analysts' forecasts for Opendoor Technologies stock? What is the future of Opendoor Technologies stock? We forecast Opendoor Technologies stock performance using neural networks based on historical data on Opendoor Technologies stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account.
Opendoor Technologies stock prediction results are shown below and presented in the form of graphs, tables and text information, divided into time intervals. (Next month, 2024, 2025, 2026, and ) The final quotes of the instrument at the close of the previous trading day are a signal to adjust the forecasts for Opendoor Technologies shares. This happens once a day.
Historical and forecast chart of Opendoor Technologies stock
The chart below shows the historical price of Opendoor Technologies stock and a prediction chart for the next month. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the Opendoor Technologies stock price can be found in the table below.
Long-term forecasts by years.
Opendoor Technologies Inc. Analysts predictions review
As of now, Panda has combed through 0 analytical articles which are directly related to OPEN from the last 30 days. Out of these, 0 clearly showcase a bullish trend, while 0 see a bearish trend as the more likely scenario, and 0 stay neutral.
To identify the dominant trend, we took into account analytical articles from the past 30 days, spanning from Jan 01, 1970 to Jan 01, 1970.
Opendoor Technologies: Navigating Market Challenges with Speculative Upside
In the following review, we delve into the analytical financial article by Juxtaposed Ideas, focusing on the author's optimistic outlook on the OPEN stock. Juxtaposed Ideas has carved a distinguished niche in financial analysis, evidenced by an impressive portfolio of 1,076 publications since joining the platform in 2022. This prolific output, coupled with an extensive subscriber base of 12,169, reinforces the author’s popularity and the wide acceptance of their viewpoints. The credibility of Juxtaposed Ideas is nothing short of exceptional, reflecting the highly authoritative nature of the insights provided. This review offers an opportunity to engage with a deeply informed perspective, promising a comprehensive understanding of the factors underpinning the bullish stance on OPEN stock.
Key Theses from the Review
- OPEN's underwhelming FQ3'24 guidance has led to its stock underperformance compared to peers/wider market.
- Despite the underperformance, moderating US average mortgage rates suggest eventual stronger performance by FY2025.
- OPEN's current attractive trading levels make it a viable speculative buy for investors with high-risk tolerance.
- The iBuying company faces challenges with expensive inventory and impacted adj EBITDA margins, possibly prolonging recovery.
- An eventual recovery in the residential real estate market could potentially improve OPEN’s financial performance.
Factors Influencing OPEN's Stock Price
US Mortgage Rates Trend
The moderation in US mortgage rates, currently at 6.08% for 30Y fixed and 5.16% for 15Y, encourages home buying, potentially boosting OPEN's sales. The change in rates is already visible in a +68% MoM rise in mortgage-rate locks, significantly impacting market sentiment and transaction volume.
Inventory Levels and Pricing
OPEN's high inventory levels and average price of $349.11K per home present challenges due to the costly maintenance and slower turnover rates. This affects the company's liquidity and profitability, delaying financial recovery and investor confidence.
Market Sentiment and Fed Actions
Post the Fed's 50 basis points pivot, market enthusiasm has not translated equally to OPEN's stock, indicating residual mistrust or caution among investors regarding medium-term prospects. The stock being sidelined despite wider recovery shows significant market sentiment impact.
Geographical Expansion Strategy
OPEN's aggressive expansion could diversify market exposure and improve sales channels, potentially offsetting some risks highlighted. However, costs and adjustment periods might limit immediate impact on stock price and profitability.
Review the original AnalysisOpendoor Faces Macro Hurdles: Stability Over Rates Crucial for Growth
Richard Durant's latest analytical piece offers an insightful examination of OPEN stock, maintaining a Neutral stance on its current market trajectory. His balanced analysis reflects a deep understanding of the financial landscape, aiming to equip investors with a well-rounded perspective. With 594 publications since 2019, Durant demonstrates an impressive track record as a prolific contributor in the financial domain, producing an average of over 140 articles annually. Such productivity, paired with his substantial following of 7,802 subscribers, underscores the widespread appeal and influence of his insights. Furthermore, Durant's viewpoints carry significant credibility, marked by their excellent reputation among readers. This stature lends considerable weight to his analyses, establishing Durant as a reliable voice in financial commentary and a trusted resource for readers seeking informed perspectives on market trends.
Key Theses of the Review
- Opendoor's share price is under pressure due to economic uncertainty and dependence on home price stability.
- The current illiquidity and poor price discovery in the housing market present risks to Opendoor's ability to move inventory.
- Opendoor's balance sheet is strong enough to potentially weather a downturn, but growth will require access to outside capital.
Factors Influencing Opendoor's Stock Price
Economic Uncertainty
Economic uncertainty affects confidence in home price stability, a critical dependency for Opendoor's business model. This significantly impacts their stock since macro uncertainties can lead to reduced home prices, crucial for Opendoor's profitability.
Home Price Stability
Opendoor's business model depends on stable home prices to ensure profitability from buying and selling homes. Any fluctuation in home prices can directly impact their earnings, as seen by their falling share price with declining home prices.
Mortgage Rates
While declining mortgage rates may stimulate transaction volumes, the impact is weaker due to rising macro uncertainties. Opendoor benefits less from rate changes compared to companies dependent solely on transaction volumes.
Liquidity and Price Discovery in the Housing Market
The illiquid housing market can lead to poor price discovery, increasing the risk for Opendoor's inventory turnover. This factor plays a significant role in Opendoor’s challenges in moving inventory at profitable margins, impacting stock negatively.
Partnerships and Customer Acquisition Costs
Partnerships reduce customer acquisition costs, essential for enabling scale and operational efficiencies needed for profitability. This could positively influence the stock when these partnerships successfully improve market penetration and reduce costs.
Review the original AnalysisCommentary
Opendoor is currently navigating a challenging landscape where economic uncertainty and home price stability weigh heavily on its stock performance. The company’s reliance on stable home prices for profit underscores the impact of fluctuating house values on its earnings. With economic unpredictabilities lingering, it's evident that these factors could exert a significant influence on Opendoor's stock in the near-term future. Averaging out the significance of factors influencing Opendoor's stock, we find that macro uncertainties and home price stability stand out, suggesting a greater impact within the next 15 days.
As we extend the forecast to a month, the importance of partnerships becomes more prominent. These can potentially counterbalance some of the macro pressures by lowering acquisition costs and improving operational efficiencies. In this context, partnerships, while not immediately game-changing, can create a slight positive shift for Opendoor’s stock. Nevertheless, liquidity issues and economic uncertainties maintain a compelling position, indicating steadiness rather than a significant upward push. In summary, Opendoor needs more than just rate cuts; addressing macro concerns and leveraging partnerships seems pivotal for a stable trajectory ahead.
Opendoor – American service for buying and selling real estate
Opendoor Technologies daily forecast for a month
Date | Target | Pes. | Opt. | Vol., % |
---|---|---|---|---|
Nov 13 | 1.82 | 1.77 | 1.88 | 6.52 |
Nov 14 | 1.79 | 1.74 | 1.85 | 5.96 |
Nov 15 | 1.81 | 1.79 | 1.83 | 2.56 |
Nov 16 | 1.84 | 1.79 | 1.86 | 4.28 |
Nov 17 | 1.91 | 1.89 | 1.94 | 3.00 |
Nov 18 | 1.90 | 1.88 | 1.93 | 2.90 |
Nov 19 | 1.93 | 1.90 | 1.94 | 2.11 |
Nov 20 | 1.95 | 1.91 | 1.98 | 3.55 |
Nov 21 | 1.95 | 1.92 | 2.00 | 3.98 |
Nov 22 | 1.90 | 1.86 | 1.93 | 3.38 |
Nov 23 | 1.91 | 1.88 | 1.97 | 4.75 |
Nov 24 | 1.91 | 1.85 | 1.96 | 5.89 |
Nov 25 | 1.97 | 1.91 | 2.02 | 5.84 |
Nov 26 | 2.03 | 1.97 | 2.06 | 4.91 |
Nov 27 | 2.09 | 2.06 | 2.12 | 2.76 |
Nov 28 | 2.05 | 2.02 | 2.08 | 3.18 |
Nov 29 | 2.04 | 1.98 | 2.09 | 5.60 |
Nov 30 | 2.07 | 2.04 | 2.13 | 4.00 |
Dec 01 | 2.08 | 2.02 | 2.11 | 4.70 |
Dec 02 | 2.10 | 2.03 | 2.13 | 4.87 |
Dec 03 | 2.12 | 2.09 | 2.16 | 3.48 |
Dec 04 | 2.10 | 2.04 | 2.15 | 5.19 |
Dec 05 | 2.13 | 2.10 | 2.16 | 2.93 |
Dec 06 | 2.14 | 2.09 | 2.16 | 3.23 |
Dec 07 | 2.20 | 2.14 | 2.27 | 5.88 |
Dec 08 | 2.17 | 2.11 | 2.21 | 4.93 |
Dec 09 | 2.08 | 2.03 | 2.13 | 5.26 |
Dec 10 | 2.08 | 2.02 | 2.14 | 5.75 |
Dec 11 | 2.04 | 1.98 | 2.10 | 6.19 |
Dec 12 | 2.08 | 2.06 | 2.12 | 2.87 |
Opendoor Technologies Daily Price Targets
Opendoor Technologies Stock Forecast 11-13-2024.
Forecast target price for 11-13-2024: $1.82.
Negative dynamics for Opendoor Technologies shares will prevail with possible volatility of 6.124%.
Pessimistic target level: 1.77
Optimistic target level: 1.88
Opendoor Technologies Stock Forecast 11-14-2024.
Forecast target price for 11-14-2024: $1.79.
Negative dynamics for Opendoor Technologies shares will prevail with possible volatility of 5.629%.
Pessimistic target level: 1.74
Optimistic target level: 1.85
Opendoor Technologies Stock Forecast 11-15-2024.
Forecast target price for 11-15-2024: $1.81.
Positive dynamics for Opendoor Technologies shares will prevail with possible volatility of 2.492%.
Pessimistic target level: 1.79
Optimistic target level: 1.83
Opendoor Technologies Stock Forecast 11-16-2024.
Forecast target price for 11-16-2024: $1.84.
Positive dynamics for Opendoor Technologies shares will prevail with possible volatility of 4.101%.
Pessimistic target level: 1.79
Optimistic target level: 1.86
Opendoor Technologies Stock Forecast 11-17-2024.
Forecast target price for 11-17-2024: $1.91.
Positive dynamics for Opendoor Technologies shares will prevail with possible volatility of 2.909%.
Pessimistic target level: 1.89
Optimistic target level: 1.94
Opendoor Technologies Stock Forecast 11-18-2024.
Forecast target price for 11-18-2024: $1.90.
Negative dynamics for Opendoor Technologies shares will prevail with possible volatility of 2.822%.
Pessimistic target level: 1.88
Optimistic target level: 1.93
OPEN (OPEN) Monthly Stock Prediction for 2024
Month | Target | Pes. | Opt. | Vol., % |
---|---|---|---|---|
Dec. | 2.12 | 1.96 | 2.32 | 15.57 |
Opendoor Technologies forecast for this year
Opendoor Technologies Stock Prediction for Dec 2024
An uptrend is forecast for this month with an optimal target price of $2.12362. Pessimistic: $1.96. Optimistic: $2.32
Opendoor Technologies (OPEN) Monthly Stock Prediction for 2025
Month | Target | Pes. | Opt. | Vol., % |
---|---|---|---|---|
Jan | 2.45 | 2.29 | 2.59 | 11.89 |
Feb | 2.43 | 2.34 | 2.58 | 9.45 |
Mar | 2.53 | 2.31 | 2.65 | 12.68 |
Apr | 2.63 | 2.29 | 2.72 | 16.09 |
May | 2.84 | 2.71 | 3.06 | 11.23 |
Jun | 3.04 | 2.89 | 3.15 | 8.19 |
Jul | 2.83 | 2.68 | 3.06 | 12.42 |
Aug | 2.74 | 2.56 | 2.94 | 12.71 |
Sep | 3.03 | 2.66 | 3.14 | 15.27 |
Oct | 2.64 | 2.47 | 2.89 | 14.57 |
Nov | 2.36 | 2.12 | 2.51 | 15.49 |
Dec | 2.23 | 2.12 | 2.32 | 8.67 |
Opendoor Technologies (OPEN) Monthly Stock Prediction for 2026
Month | Target | Pes. | Opt. | Vol., % |
---|---|---|---|---|
Jan | 2.14 | 1.98 | 2.23 | 11.13 |
Feb | 2.08 | 1.82 | 2.27 | 19.62 |
Mar | 2.31 | 2.00 | 2.43 | 17.34 |
Apr | 2.42 | 2.13 | 2.67 | 20.45 |
May | 2.71 | 2.48 | 2.87 | 13.64 |
Jun | 3.07 | 2.68 | 3.20 | 16.44 |
Jul | 2.62 | 2.33 | 2.73 | 14.68 |
Aug | 2.24 | 2.09 | 2.41 | 13.42 |
Sep | 2.09 | 1.88 | 2.35 | 20.14 |
Oct | 2.24 | 2.17 | 2.49 | 13.01 |
Nov | 2.06 | 1.97 | 2.20 | 10.65 |
Dec | 1.97 | 1.82 | 2.23 | 18.31 |
Opendoor Technologies information and performance
317 UNIVERSITY AVENUE, SUITE 200, PALO ALTO, CA, US
Market capitalization of the Opendoor Technologies Inc. is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of OPEN shares in the company outstanding by the market price of one share.
EBITDA of Opendoor Technologies is earnings before interest, income tax and depreciation of assets.
P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit
Price/earnings to growth
Dividend Per Share is a financial indicator equal to the ratio of the company's net profit available for distribution to the annual average of ordinary shares.
Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.
EPS shows how much of the net profit is accounted for by the common share.
Trailing P/E depends on what has already been done. It uses the current share price and divides it by the total earnings per share for the last 12 months.
Forward P/E uses projections of future earnings instead of final numbers.
Enterprise Value (EV) /Revenue
The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).
Number of issued ordinary shares
Number of freely tradable shares
Shares Short Prior Month - the number of shares in short positions in the last month.
Related stocks from Technology sector
All forecast data on the site are provided for informational purposes of using neural forecasting tools in the financial market and are not a call to action and, moreover, are not trading signals. When using the forecast data, the investor assumes all financial risks. The pandaforecast.com portal is not responsible for the loss of your money in the stock market as a result of using the information contained on the site.
Commentary
Opendoor Technologies’ recent stock performance reflects a mix of challenges and opportunities. Key factors, such as moderating US mortgage rates and strategic geographical expansion, suggest potential headwinds may eventually give way to more tailwinds, especially by FY2025. With an average significance score of 6.5, these elements collectively offer a cautiously optimistic outlook in the short term.
Moreover, the company's high inventory levels and market sentiment impacted by Federal Reserve actions reveal a complex landscape. While these elements hold investors back momentarily, they also underline the hefty cost burdens and liquidities concerns Open must tackle. Yet, an eventual recovery in real estate could spark financial improvement for investors willing to take on higher risk, making OPEN a speculative buy with promising but measured potential.