Opendoor (OPEN) downgraded on slower-than-expected 3P ramp
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Go back to Opendoor (OPEN) downgraded on slower-than-expected 3P ramp
February 27, 2023 3:14 AM EST
(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
February 24, 2023 8:49 AM EST
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
February 24, 2023 7:45 AM EST
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
February 24, 2023 6:00 AM EST
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
February 24, 2023 5:58 AM EST
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
February 24, 2023 2:31 AM EST
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
