Opendoor Technologies Inc. operates a digital platform for residential real estate transactions in the United States. It buys and sells homes. The company's product offerings comprise sell to opendoor product that enables homeowners to sell their home directly to it and resell the home to a home buyer; list with opendoor product that allows customers to list their home on the MLS with opendoor and receive cash offer; and opendoor marketplace product that connects the home seller with an institutional or retail buyer. It also provides real estate brokerage, title insurance and settlement, and escrow services, as well as property and casualty insurance, real estate licenses, and construction services. Opendoor Technologies Inc. was incorporated in 2013 and is based in Tempe, Arizona.
Market Headwinds | Opendoor faces challenges in the housing market, with Q3 2024 guidance below expectations amid increasing delistings and declining clearance rates. |
Strategic Resilience | Explore Opendoor's initiatives to enhance brand awareness and implement cost controls, positioning for growth as market conditions normalize. |
Financial Outlook | Analysts project profitability growth post-market stabilization. Price targets range from $3.25 to $4.00, reflecting cautious optimism. |
Growth Catalysts | Learn how potential rate cuts could stimulate housing market activity, potentially boosting Opendoor's transaction volumes and share price. |
Metrics to compare | OPEN | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipOPENPeersSector | |
---|---|---|---|---|
P/E Ratio | −4.3x | −5.3x | 7.4x | |
PEG Ratio | −0.11 | 0.01 | 0.01 | |
Price/Book | 2.0x | 1.5x | 0.9x | |
Price / LTM Sales | 0.3x | 0.5x | 4.0x | |
Upside (Analyst Target) | −13.6% | 7.2% | 15.8% | |
Fair Value Upside | Unlock | 10.9% | −0.2% | Unlock |