Demystifying Opendoor Technologies: Insights From 4 Analyst Reviews

Throughout the last three months, 4 analysts have evaluated Opendoor Technologies OPEN, offering a diverse set of opinions from bullish to bearish.

The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.

Analysts have recently evaluated Opendoor Technologies and provided 12-month price targets. The average target is $3.45, accompanied by a high estimate of $5.00 and a low estimate of $2.50. This upward trend is evident, with the current average reflecting a 13.11% increase from the previous average price target of $3.05.

Decoding Analyst Ratings: A Detailed Look

In examining recent analyst actions, we gain insights into how financial experts perceive Opendoor Technologies. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key Insights:

• Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Opendoor Technologies. This information offers a snapshot of how analysts perceive the current state of the company.
• Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Opendoor Technologies compared to the broader market.
• Price Targets: Delving into movements, analysts provide estimates for the future value of Opendoor Technologies's stock. This analysis reveals shifts in analysts' expectations over time.

Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Opendoor Technologies's market standing. Stay informed and make well-considered decisions with our Ratings Table.

Stay up to date on Opendoor Technologies analyst ratings.

Unveiling the Story Behind Opendoor Technologies

Opendoor Technologies Inc is a digital platform for residential real estate. This platform enables customers to buy and sell houses online. It generates revenue through home sales, along with other revenue from real estate services.

Opendoor Technologies's Financial Performance

Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.

Revenue Growth: Opendoor Technologies's revenue growth over a period of 3 months has faced challenges. As of 30 September, 2023, the company experienced a revenue decline of approximately -70.84%. This indicates a decrease in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Real Estate sector.

Net Margin: Opendoor Technologies's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of -10.82%, the company may face hurdles in effective cost management.

Return on Equity (ROE): Opendoor Technologies's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive -10.07% ROE, the company effectively utilizes shareholder equity capital.

Return on Assets (ROA): Opendoor Technologies's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of -2.59%, the company may face hurdles in achieving optimal financial performance.

Debt Management: Opendoor Technologies's debt-to-equity ratio is below the industry average at 2.8, reflecting a lower dependency on debt financing and a more conservative financial approach.

What Are Analyst Ratings?

Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.

Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.

This article was generated by Benzinga's automated content engine and reviewed by an editor.