Eric Feder joins Opendoor Board of Directors

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Opendoor Technologies (OPEN) PT Lowered to $2.40 at Deutsche Bank

May 6, 2024 5:34 AM EDT

Deutsche Bank analyst Benjamin Black lowered the price target on Opendoor Technologies (NASDAQ: OPEN) to $2.40 (from $4.00) while maintaining a Hold rating.

The analyst comments "Opendoor delivered a strong 1Q print, beating our and street estimates, as homes sold outpaced expectations, and "new book" (homes acquired post 2Q22) contribution profit drove its margins to 4.8%, above the company's implied guidance, and is nearing the low end of the target... More