UBS raised the firm’s price target on Opendoor Technologies (OPEN) to $1.60 from $1.30 and keeps a Neutral rating on the shares. The firm no longer assumes Opendoor returns to year over year revenue growth in fiscal 2026 or possibly breaks even on adjusted EBITDA for the year, as home price depreciation should remain the key macro headwind to the model through at least 1Q26, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on OPEN:
- Opendoor Technologies Reports Strong Q2 2025 Performance
- Opendoor Technologies Achieves First Adjusted EBITDA Profitability
- Opendoor Technologies reports Q2 EPS (4c), consensus (2c)
- Opendoor Technologies sees Q3 revenue $800M-$875M, consensus $1.2B
- OPEN Earnings: Opendoor Sinks after Huge Guidance Miss