Opendoor Technologies price target raised to $6 from $2 at Morgan Stanley

Morgan Stanley analyst Matthew Cost raised the firm’s price target on Opendoor Technologies (OPEN) to $6 from $2 and keeps an Equal Weight rating on the shares. With GenAI “winner and loser” narratives swirling heading into Q3 EPS from the internet group, the firm is focused on revisions and evidence of GPU enabled revenue/return to “trump narratives and drive performance,” says the analyst, who is “most constructive” on Meta (META), DoorDash (DASH), Unity (U) and eBay (EBAY) into Q3 reporting.