Forecasting The Future: 4 Analyst Projections For Opendoor Technologies

Analysts' ratings for Opendoor Technologies OPEN over the last quarter vary from bullish to bearish, as provided by 4 analysts.

Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.

The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $3.95, a high estimate of $5.00, and a low estimate of $2.80. Witnessing a positive shift, the current average has risen by 16.86% from the previous average price target of $3.38.

Deciphering Analyst Ratings: An In-Depth Analysis

The standing of Opendoor Technologies among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key Insights:

• Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Opendoor Technologies. This insight gives a snapshot of analysts' perspectives on the current state of the company.
• Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Opendoor Technologies compared to the broader market.
• Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Opendoor Technologies's stock. This comparison reveals trends in analysts' expectations over time.

Capture valuable insights into Opendoor Technologies's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.

Stay up to date on Opendoor Technologies analyst ratings.

Delving into Opendoor Technologies's Background

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.

Breaking Down 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.

Negative Revenue Trend: Examining Opendoor Technologies's financials over 3 months reveals challenges. As of 30 September, 2023, the company experienced a decline of approximately -70.84% in revenue growth, reflecting a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in 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 excels beyond industry benchmarks, reaching -10.07%. This signifies robust financial management and efficient use of shareholder equity capital.

Return on Assets (ROA): Opendoor Technologies's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -2.59%, the company may face hurdles in achieving optimal financial returns.

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?

Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.

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