Opendoor Technologies Inc. (OPEN)
NASDAQ: OPEN · IEX Real-Time Price · USD
2.315
-0.145 (-5.89%)
Apr 12, 2024, 3:09 PM EDT - Market open
Stock Price Forecast
The 8 analysts with 12-month price forecasts for Opendoor stock have an average target of 3.37, with a low estimate of 1.20 and a high estimate of 7.00. The average target predicts an increase of 45.57% from the current stock price of 2.32.
Analyst Consensus: Hold
| Target | Low | Average | Median | High |
|---|---|---|---|---|
| Price | $1.20 | $3.37 | $2.80 | $7.00 |
| Change | -48.16% | +45.57% | +20.95% | +202.38% |
Analyst Ratings
The average analyst rating for Opendoor stock from 11 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Hold | 8 | 10 | 9 | 9 | 9 | 8 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 11 | 13 | 12 | 12 | 12 | 11 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| JMP Securities | JMP Securities | Buy Reiterates $4.5 | Buy | Reiterates | $4.5 | +94.38% | Apr 12, 2024 |
| JMP Securities | JMP Securities | Buy Maintains $5 → $4.5 | Buy | Maintains | $5 → $4.5 | +94.38% | Feb 16, 2024 |
| JMP Securities | JMP Securities | Buy Maintains $3.5 → $5 | Buy | Maintains | $3.5 → $5 | +115.98% | Jan 3, 2024 |
| BTIG | BTIG | Strong Buy → Hold Downgrades n/a | Strong Buy → Hold | Downgrades | n/a | n/a | Dec 20, 2023 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Sell → Hold Upgrades $1.65 → $3.5 | Sell → Hold | Upgrades | $1.65 → $3.5 | +51.19% | Dec 13, 2023 |
Financial Forecast
Revenue This Year
5.95B
from 6.95B
Decreased by -14.40%
from 6.95B
Revenue Next Year
8.74B
from 5.95B
Increased by 47.01%
from 5.95B
EPS This Year
-0.52
from -0.42
from -0.42
EPS Next Year
-0.36
from -0.52
from -0.52
| Year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4.74B | 2.58B | 8.02B | 15.57B | 6.95B | 5.95B | 8.74B | 10.70B | 13.85B | 15.84B |
| Revenue Growth | 157.93% | -45.52% | 210.53% | 94.08% | -55.38% | -14.40% | 47.01% | 22.41% | 29.42% | 14.35% |
| EPS | -4.37 | -2.31 | -1.12 | -2.16 | -0.42 | -0.52 | -0.36 | -0.26 | -0.42 | -0.45 |
| EPS Growth | - | - | - | - | - | - | - | - | - | - |
| No. Analysts | - | - | - | - | - | 13 | 13 | 9 | 3 | 3 |
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 6.6B | 10.7B | 14.2B | 17.5B | 20.2B |
| Avg | 5.9B | 8.7B | 10.7B | 13.8B | 15.8B |
| Low | 5.2B | 6.5B | 7.1B | 10.2B | 11.6B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -4.8% | 79.7% | 62.6% | 64.0% | 45.7% |
| Avg | -14.4% | 47.0% | 22.4% | 29.4% | 14.3% |
| Low | -25.3% | 9.1% | -18.7% | -4.4% | -16.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -0.34 | -0.16 | 0.07 | -0.43 | -0.46 |
| Avg | -0.52 | -0.36 | -0.26 | -0.42 | -0.45 |
| Low | -0.71 | -0.52 | -0.63 | -0.40 | -0.43 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | - | - | - | - |
| Avg | - | - | - | - | - |
| Low | - | - | - | - | - |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.
