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OPEN
Benzinga
6 days

Opendoor's Outlook Trimmed Sharply As Analyst Warns Of Widening Losses

1. Opendoor's weaker guidance raises concerns over future profitability. 2. Analyst downgraded OPEN from Market Perform to Underperform with $1 price target. 3. Management's second-half revenue guidance is 40% below consensus estimates. 4. Analyst projects increased EPS losses for 2025 and 2026. 5. Shares fell by 2.83%, reflecting investor concerns.

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FAQ

Why Very Bearish?

The downgrade and poor guidance significantly diminish growth prospects, similar to previous sharp declines seen in other home-flipping stocks after weak forecasts.

How important is it?

The downgrade and revised earnings forecasts are critical to investors' expectations for OPEN's financial health.

Why Short Term?

Immediate negative reactions are expected due to the downgrade, as was observed previously with companies experiencing downgrades under similar conditions.

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