Overview
- Shares have fallen from September highs near $10.5 to roughly $7, yet the stock is still up about 347% for 2025.
- Opendoor continues to post declining revenues and sizable losses as elevated mortgage rates keep the housing market under pressure.
- New CEO Kaz Nejatian outlines goals to scale home acquisitions, improve unit economics, and build operating leverage, targeting 12‑month adjusted net income breakeven by the end of 2026.
- Sell-side estimates project continued losses, which raises the risk of additional capital needs and potential dilution for shareholders.
- Forbes’ Trefis analysis says a slide toward $5 is plausible given historical trading and execution risks, even after a meme-driven rally fueled by retail interest, Reddit threads, and bold targets from EMJ Capital’s Eric Jackson.