Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Opendoor Technologies ( (OPEN) ) has shared an update.
Opendoor Technologies Inc. reported strong third-quarter 2024 financial results, surpassing their guidance amid ongoing housing market challenges like high mortgage rates and strained affordability. The company achieved a revenue of $1.4 billion, with significant acquisition and sales volumes, despite a net loss of $78 million. CEO Carrie Wheeler emphasized efficiency and cost management, projecting $85 million in annual savings, positioning Opendoor for future growth as market conditions improve.
Learn more about OPEN stock on TipRanks’ Stock Analysis page.
