Alliance Global initiated coverage of Opendoor Technologies (OPEN) with a Buy rating and $8 price target Opendoor is a real estate technology company with a focus on residential real estate, the analyst tells investors in a research note. The firm cites the company’s expectation of achieving breakeven adjusted net income on a 12-month go forward basis by the end of 2026 for the Buy rating. It believes Opendoor could deliver growth through increasing market share and expansion of the products that it offers.
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- Opendoor Technologies call volume above normal and directionally bullish
- Moderately bullish activity in Opendoor Technologies with shares up 0.85%
- Option traders moderately bearish in Opendoor Technologies with shares down 5.39%
- Mixed options sentiment in Opendoor Technologies with shares up 5.53%
- Mixed options sentiment in Opendoor Technologies with shares down 2.21%