Shares in Opendoor Technologies (OPEN), the residential real estate online platform, have declined by roughly 32% over the last half-year period. However, Alliance Global Partners has kicked off coverage of the stock with a Buy rating, pointing to Opendoor’s target to achieve breakeven by year-end — that is, posting neither profit nor loss.
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New trading tool for OPEN bullsOpendoor Stock Wobbles after Explosive 2025
As a real estate platform, Opendoor connects home buyers and sellers, providing title insurance and escrow services for the transactions between the two. However, after a very wild rally in 2025, Opendoor’s shares have struggled this year and are down about 8% since the start of January.
The slump has been tempered by a number of price jumps seen this month, including a more than 9% climb on April 16. Moreover, the shares also rallied on February 20th after the company posted a revenue of $736 million, surpassing analysts’ expectations of $594 million by 23.9%.
This is even though the revenue plunged 32% year-over-year and loss per share came in significantly wider than the consensus.
Why Alliance Global Is Bullish on Opendoor
Yet pressure remains on OPEN stock, with data showing that mortgage rates continue to climb while U.S. pending home sales are falling sharply. This piles on broader pressure on the sector and general macroeconomic uncertainty.
Despite these headwinds, Alliance Global Partners analyst Gaurav Mehta is bullish on the stock, citing Opendoor’s goal of reaching adjusted net income breakeven over the 12 months leading into the end of this year. Mehta set a price target of $8, predicting about 44% upside in the months ahead.
The three-star analyst also contended that Opendoor could expand its market share and product offerings to deliver growth to investors.
Is Opendoor a Good Stock Buy?
Across Wall Street, analysts consider Opendoor Technologies’ shares a Hold based on their consensus rating. This breaks down into two Buys, two Holds, and one Sell assigned over the past three months.
Moreover, the average OPEN price target of $6 only implies a modest 9% upside.
