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Opendoor Technologies Inc (OPEN)



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Upturn Advisory Summary
08/28/2025: OPEN (3-star) is a STRONG-BUY. BUY since 34 days. Profits (374.44%). Updated daily EoD!
1 Year Target Price $1.14
1 Year Target Price $1.14
0 | Strong Buy |
2 | Buy |
6 | Hold |
2 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 248.64% | Avg. Invested days 29 | Today’s Advisory Regular Buy |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 3.14B USD | Price to earnings Ratio - | 1Y Target Price 1.14 |
Price to earnings Ratio - | 1Y Target Price 1.14 | ||
Volume (30-day avg) 10 | Beta 2.92 | 52 Weeks Range 0.51 - 5.87 | Updated Date 08/29/2025 |
52 Weeks Range 0.51 - 5.87 | Updated Date 08/29/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.43 |
Earnings Date
Report Date 2025-08-05 | When - | Estimate -0.03 | Actual -0.04 |
Profitability
Profit Margin -5.89% | Operating Margin (TTM) -0.25% |
Management Effectiveness
Return on Assets (TTM) -3.92% | Return on Equity (TTM) -41.33% |
Valuation
Trailing PE - | Forward PE 40.32 | Enterprise Value 4537524374 | Price to Sales(TTM) 0.61 |
Enterprise Value 4537524374 | Price to Sales(TTM) 0.61 | ||
Enterprise Value to Revenue 0.88 | Enterprise Value to EBITDA -5.85 | Shares Outstanding 735953984 | Shares Floating 661431465 |
Shares Outstanding 735953984 | Shares Floating 661431465 | ||
Percent Insiders 11.78 | Percent Institutions 45.65 |
Upturn AI SWOT
Opendoor Technologies Inc

Company Overview
History and Background
Opendoor Technologies Inc. was founded in 2014 by Eric Wu, Ian Wong, JD Ross, and Keith Rabois. It pioneered the iBuying model, aiming to simplify real estate transactions. Initially focused on Phoenix, AZ, it expanded rapidly across the US.
Core Business Areas
- iBuying: Buys homes directly from sellers, makes necessary repairs, and then resells them on the open market. This segment provides speed and convenience for sellers.
- Title and Escrow: Provides title insurance and escrow services to facilitate real estate transactions, streamlining the closing process.
- Mortgage: Offers mortgage financing options to homebuyers, making the home buying experience more integrated. (Discontinued in 2024)
Leadership and Structure
Carrie Wheeler is the CEO. The organizational structure is functional, with departments focused on buying, selling, technology, and operations.
Top Products and Market Share
Key Offerings
- Opendoor Offer: Provides a cash offer for a home based on automated valuation models. Competitors include Offerpad, Zillow (previously), and traditional real estate agents. Market share data is dynamic, but Opendoor is a significant player in the iBuying space. Specific market share percentages vary by region.
- Opendoor Complete: Facilitates the entire buying and selling process. Competitors include traditional real estate brokerages and other iBuyers. Market share is growing, but still a smaller portion of the overall real estate market.
Market Dynamics
Industry Overview
The real estate industry is undergoing digital transformation, with increasing adoption of online platforms and alternative transaction models like iBuying. Market conditions are heavily influenced by interest rates, housing supply, and economic growth.
Positioning
Opendoor positions itself as a tech-enabled disruptor in the real estate market, offering a simplified and faster alternative to traditional real estate transactions. Its competitive advantage lies in its technology platform and data-driven pricing models.
Total Addressable Market (TAM)
The US housing market's value is in the trillions. Opendoor aims to capture a larger share of this market by offering convenient and efficient transactions.
Upturn SWOT Analysis
Strengths
- Proprietary technology and data analytics
- Strong brand recognition in iBuying space
- Simplified and faster transaction process
- Scalable business model
Weaknesses
- Reliance on accurate home valuation models
- Inventory risk associated with holding properties
- Sensitivity to housing market fluctuations
- Profitability challenges in certain markets
Opportunities
- Expansion into new geographic markets
- Partnerships with real estate agents and brokers
- Development of new value-added services (e.g., home improvement)
- Increased adoption of online real estate transactions
Threats
- Competition from other iBuyers and traditional real estate agents
- Economic downturn and housing market correction
- Changes in government regulations
- Inaccuracy of valuation models
Competitors and Market Share
Key Competitors
- RDFN
- Z
- EXPI
- OPEN
Competitive Landscape
Opendoor faces intense competition. Opendoor and Zillow are direct competitors. Traditional brokerages also compete. Success depends on accurate pricing and efficient operations.
Major Acquisitions
Pro.com
- Year: 2021
- Acquisition Price (USD millions): 100
- Strategic Rationale: Aimed to expand Opendoor's service offerings into home maintenance and repair.
Growth Trajectory and Initiatives
Historical Growth: Rapid revenue growth in early years followed by periods of contraction and adjustment.
Future Projections: Analyst estimates vary widely, depending on assumptions about the housing market and Opendoor's ability to achieve profitability.
Recent Initiatives: Focus on improving unit economics, streamlining operations, and managing inventory risk.
Summary
Opendoor is a disruptive force in real estate, but its profitability depends heavily on housing market conditions and its ability to accurately predict home values. While their technology streamlines the buying and selling process, inventory risk and economic downturns pose significant challenges. Management is now focused on profitability through improved unit economics. Investors should carefully monitor housing market trends and Opendoor's financial performance.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company filings (SEC)
- Analyst reports
- Industry publications
- Financial news outlets
Disclaimers:
This analysis is for informational purposes only and should not be considered financial advice. Market conditions and company performance are subject to change. Market share data is estimated and may not be precise.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Opendoor Technologies Inc
Exchange NASDAQ | Headquaters Tempe, AZ, United States | ||
IPO Launch date 2020-06-18 | CEO - | ||
Sector Real Estate | Industry Real Estate Services | Full time employees 1470 | Website https://www.opendoor.com |
Full time employees 1470 | Website https://www.opendoor.com |
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.

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