Opendoor Technologies Inc. operates a digital platform for residential real estate transactions in the United States. It buys and sells homes. The company offers 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. The company was formerly known as Social Capital Hedosophia Holdings Corp. II and changed its name to Opendoor Technologies Inc. Opendoor Technologies Inc. was incorporated in 2013 and is based in Tempe, Arizona.
Strategic Pivot | Explore Opendoor's transition to an agent-friendly platform, introducing innovative products like Cash Plus to expand market reach and improve conversion rates |
Market Headwinds | Delve into the challenges Opendoor faces amid high mortgage rates and housing market imbalances, impacting revenue projections and operational efficiency |
Financial Outlook | Analysts forecast continued cash burn with Adjusted Net Income expected to reach -$170 million in 2025, reflecting ongoing investments and market difficulties |
Price Targets | Diverse analyst views: JMP Securities rates Market Outperform with $1.75 target, while Citi Research maintains Sell rating with $0.70 target, showcasing market uncertainty |
Metrics to compare | OPEN | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipOPENPeersSector | |
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P/E Ratio | −10.3x | −3.8x | 9.0x | |
PEG Ratio | −0.38 | −0.06 | 0.01 | |
Price/Book | 5.0x | 5.8x | 0.9x | |
Price / LTM Sales | 0.6x | 0.7x | 4.0x | |
Upside (Analyst Target) | −76.6% | 3.0% | 11.5% | |
Fair Value Upside | Unlock | 2.9% | −0.1% | Unlock |