JMP Securities lowered the firm’s price target on Opendoor Technologies (OPEN) to $2.50 from $3.25 and keeps an Outperform rating on the shares after “solid” Q3 results. JMP told investors guidance for Q4 was softer than expected on the top line, though adjusted EBITDA guidance was largely in line with expectations.
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Read More on OPEN:
- Opendoor Technologies Reports Strong Q3 Performance
- Opendoor Technologies reports Q3 EPS (11c), consensus (13c)
- Opendoor Technologies sees Q4 revenue $925M-$975M, consensus $1.2B
- Opendoor Technologies Surpasses Guidance Despite Market Challenges
- Opendoor Technologies options imply 17.2% move in share price post-earnings
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