Opendoor Technologies Inc. operates a digital platform for residential real estate transactions in the United States. It buys and sells homes. The company offers sell to opendoor product that enables homeowners to sell their home directly to it and resell the home to a home buyer; list with opendoor product that allows customers to list their home on the MLS with opendoor and receive cash offer; and opendoor marketplace product that connects the home seller with an institutional or retail buyer. It also provides real estate brokerage, title insurance and settlement, and escrow services, as well as property and casualty insurance, real estate licenses, and construction services. The company was formerly known as Social Capital Hedosophia Holdings Corp. II and changed its name to Opendoor Technologies Inc. Opendoor Technologies Inc. was incorporated in 2013 and is based in Tempe, Arizona.
Growth Potential | Analysts project price targets around $2.50, reflecting cautious optimism about Opendoor's expansion strategies and partnership channels |
Strategic Adaptation | Delve into Opendoor's cost-cutting measures and operational improvements, positioning the company for rapid scaling when market conditions improve |
Market Headwinds | Explore Opendoor's navigation of a volatile real estate landscape, marked by rising interest rates and shifting consumer sentiment |
Financial Resilience | Opendoor's Q3 2024 results surpassed expectations, showcasing strong revenue and adjusted EBITDA despite market challenges |
Metrics to compare | OPEN | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipOPENPeersSector | |
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P/E Ratio | −1.5x | −4.5x | 8.5x | |
PEG Ratio | 0.07 | −0.04 | 0.01 | |
Price / Book | 0.8x | 1.2x | 0.9x | |
Price / LTM Sales | 0.1x | 0.3x | 3.8x | |
Upside (Analyst Target) | 24.3% | 24.9% | 16.9% | |
Fair Value Upside | Unlock | 17.1% | 2.6% | Unlock |