Overview
- Shares have fallen to roughly $7 after a 2025 surge that lifted the stock about 13-fold from its 52-week low and to double digits in September.
- Forbes’ Trefis analysis warns of further downside and maps a plausible slide toward $5 based on recent declines and business risks.
- The company is moving from a capital-intensive iBuying flip model to a lighter, agent-driven marketplace, a shift that carries execution risk.
- Leadership changes include co-founders returning to the board and Kaz Nejatian, formerly Shopify’s COO, taking over as CEO, with Keith Rabois suggesting the company could operate with far fewer employees.
- Recent Yahoo Finance coverage highlights sell-side forecasts for continued losses into 2026, raising the prospect of future capital raises that could dilute shareholders as meme-driven enthusiasm cools.