Fintel reports that on December 13, 2023, Keefe, Bruyette & Woods upgraded their outlook for Opendoor Technologies (NASDAQ:OPEN) from Underperform to Market Perform .
Analyst Price Forecast Suggests 25.33% Downside
As of November 27, 2023, the average one-year price target for Opendoor Technologies is 2.57. The forecasts range from a low of 1.01 to a high of $4.72. The average price target represents a decrease of 25.33% from its latest reported closing price of 3.44.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Opendoor Technologies is 13,191MM, an increase of 47.67%. The projected annual non-GAAP EPS is -1.51.
What is the Fund Sentiment?
There are 550 funds or institutions reporting positions in Opendoor Technologies. This is an increase of 50 owner(s) or 10.00% in the last quarter. Average portfolio weight of all funds dedicated to OPEN is 0.15%, a decrease of 22.66%. Total shares owned by institutions increased in the last three months by 6.64% to 447,293K shares. 
The put/call ratio of OPEN is 0.30, indicating a bullish outlook.
What are Other Shareholders Doing?
Renaissance Technologies holds 26,812K shares representing 4.00% ownership of the company. In it's prior filing, the firm reported owning 17,785K shares, representing an increase of 33.67%. The firm increased its portfolio allocation in OPEN by 17.12% over the last quarter.
Sylebra Capital holds 26,059K shares representing 3.89% ownership of the company. In it's prior filing, the firm reported owning 32,735K shares, representing a decrease of 25.62%. The firm decreased its portfolio allocation in OPEN by 32.28% over the last quarter.
Sylebra Capital holds 26,059K shares representing 3.89% ownership of the company.
VGSIX - Vanguard Real Estate Index Fund Investor Shares holds 21,670K shares representing 3.23% ownership of the company. In it's prior filing, the firm reported owning 18,082K shares, representing an increase of 16.56%. The firm increased its portfolio allocation in OPEN by 334.24% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 16,348K shares representing 2.44% ownership of the company. In it's prior filing, the firm reported owning 16,337K shares, representing an increase of 0.07%. The firm decreased its portfolio allocation in OPEN by 31.79% over the last quarter.
Opendoor Technologies Background Information
(This description is provided by the company.)
Opendoor’s mission is to empower everyone with the freedom to move. Since 2014, Opendoor has provided people across the U.S. with a radically simple way to buy, sell or trade-in a home. Opendoor operates in a growing number of markets across the U.S.
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