Opendoor (OPEN) downgraded on slower-than-expected 3P ramp

Oppenheimer Downgrades Opendoor Technologies (OPEN) to Perform

(Updated - February 27, 2023 4:47 AM EST)

Oppenheimer analyst Jason Helfstein downgraded Opendoor Technologies (NASDAQ: OPEN) from Outperform to Perform.

The analyst comments "Downgrading OPEN to Perform and removing price target on slower 3P ramp than previously disclosed, while the lower-margin 2Q22... More

Opendoor posts narrower-than-expected loss, but Q4 home sales fall 23% YoY

Despite posting a narrower-than-expected loss and revenue beat, Opendoor (NASDAQ: OPEN) shares are down premarket.

The online real estate platform's shares have fallen over 7% on the back of its latest earnings release.

The company reported a loss of $0.63 per share, $0.23 better than the analyst estimate of a $0.86 loss per share. In addition, revenue for the quarter topped the analyst consensus estimate, coming in at $2.86 billion versus the expected... More

Opendoor Technologies (OPEN) PT Lowered to $1.70 at Citi

Citi analyst Ygal Arounian lowered the price target on Opendoor Technologies (NASDAQ: OPEN) to $1.70 (from $2.00) while maintaining a Neutral rating.... More

Opendoor Technologies (OPEN) PT Lowered to $1 at Goldman Sachs

Goldman Sachs analyst Michael Ng lowered the price target on Opendoor Technologies (NASDAQ: OPEN) to $1.00 (from $2.00) while maintaining a Sell rating.... More

Opendoor Technologies (OPEN) PT Lowered to $10 at Credit Suisse

Credit Suisse analyst Stephen Ju lowered the price target on Opendoor Technologies (NASDAQ: OPEN) to $10.00 (from $13.00) while maintaining a Outperform rating.... More

Opendoor Technologies (OPEN) PT Lowered to $3 at JMP Securities

JMP Securities analyst Nicholas Jones lowered the price target on Opendoor Technologies (NASDAQ: OPEN) to $3.00 (from $4.00) while maintaining a Market Outperform rating.... More