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Benzinga
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Opendoor Q2 Preview: Newly Minted Meme Stock Tries To Win New Investors With Results, Turnaround Efforts

1. Opendoor expects $1.50 billion in Q2 revenue, slightly down YoY. 2. The company has beaten earnings estimates in nine out of ten quarters. 3. Strong interest from investors and social media could boost stock momentum. 4. Opendoor maintains compliance with Nasdaq listing rules. 5. Short interest in Opendoor is high at 22.1% of the float.

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FAQ

Why Bullish?

Strong earnings potential and continued estimates beating could attract more investors.

How important is it?

Earnings results are critical and could greatly influence investor sentiment and stock valuation.

Why Short Term?

Upcoming earnings report and social media interest may drive immediate stock performance.

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