Opendoor Technologies Issues $325M Convertible Senior Notes

Opendoor Technologies ( (OPEN) ) just unveiled an update.

On May 16, 2025, Opendoor Technologies completed a significant financial transaction involving the issuance of $325 million in 7.000% Convertible Senior Notes due 2030. This transaction included exchanging $245.8 million of existing 2026 Notes and raising $79.2 million in cash, reflecting strong investor support. The move aims to bolster Opendoor’s financial position and support its mission to innovate the U.S. residential real estate market.

The most recent analyst rating on (OPEN) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on Opendoor Technologies stock, see the OPEN Stock Forecast page.

Spark’s Take on OPEN Stock

According to Spark, TipRanks’ AI Analyst, OPEN is a Neutral.

Opendoor Technologies faces significant financial and market challenges, reflected in its weak financial performance and bearish technical indicators. While the company has shown some operational improvement and reduced losses, external market pressures and poor valuation metrics weigh heavily on its overall stock score. The slight positive outlook from the earnings call does little to offset these challenges, resulting in a lower overall score.

To see Spark’s full report on OPEN stock, click here.

More about Opendoor Technologies

Opendoor Technologies Inc. is a leading e-commerce platform for residential real estate transactions, aiming to simplify and enhance the home buying and selling process across the U.S. since 2014. The company operates nationwide, focusing on making real estate transactions more customer-centric.

Average Trading Volume: 53,918,944

Technical Sentiment Signal: Sell

Current Market Cap: $571.7M

For detailed information about OPEN stock, go to TipRanks’ Stock Analysis page.