Opendoor Technologies Inc logo

Opendoor Technologies Inc(OPEN)

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EXPLORE ADVISORIES AND THEIR HISTORY
QUALITY SIGNAL
3-STAR RATING
PASS
LAST CLOSE
$1.91
10/28/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
  • ALL
  • 1Y
  • 1M
  • 1W
  • BUY Advisory
  • SELL Advisory (Profit)
  • SELL Advisory (Loss)
  • Profit
  • Loss
  • PASS (Skip)
Upturn Stock price based on last close iconStock price based on last close
Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Advisory Performance History (Simulated)Advisory Performance History info

Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Upturn Advisory & Investor View for OPEN

10/28/2026: OPEN (3-star) is currently NOT-A-BUY. Pass it for now.

Opendoor Technologies Inc is a leader in the digital iBuying space, utilizing a data-driven platform to facilitate instant home transactions. The company has a strong, recognizable brand and a specialized, tech-heavy approach that simplifies selling for homeowners. Its primary growth story revolves around capturing a larger share of the multi-trillion-dollar residential market through operational efficiencies and new partnerships. However, Opendoor faces significant risks from housing market volatility, interest rate sensitivity, and intense competition from established portals. This stock is best suited for growth-oriented investors with a high risk tolerance who are willing to monitor the company's transition toward sustainable, asset-light profitability.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitThe company offers high growth potential in the long term but currently faces significant macroeconomic headwinds.
Momentum investorWeak fitThe stock often requires a broad housing market recovery to sustain positive momentum.
Value investorWeak fitThe company's lack of consistent GAAP profitability makes traditional value metrics difficult to apply.
Dividend investorWeak fitOpendoor does not pay a dividend, focusing entirely on growth and operational scaling.
Low-risk investorWeak fitThe high volatility of the housing sector and the company's business model make it unsuitable for conservative investors.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighThe stock price is highly sensitive to interest rate shifts and housing market sentiment.
Valuation riskMedium / highMarket expectations for future growth often lead to high valuation swings based on small changes in operating metrics.
Competition risk (Portal competition)HighEstablished players like Zillow have deeper pockets and existing traffic to threaten market share.
Business qualityMediumThe business model is highly cyclical and dependent on maintaining accurate pricing algorithms in uncertain markets.
Dividend incomeLow / noneNo income is provided to shareholders, increasing reliance on capital appreciation.
Execution riskHighSuccess depends on the accurate prediction of home prices at scale across diverse geographic markets.

Price Behavior

Steep Decline
PRICE PATH

Steep Decline

The stock price has dropped sharply with strong downward pressure.

Choppy
PRICE STABILITY

Choppy

The stock has experienced frequent reversals and pronounced short-term price swings.

Analysis of Past Performance

Type Stock
Historic Profit 399.96%
Avg. Invested days 15
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 3.0
Stock Returns Performance Upturn Returns Performance icon 5.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 10/28/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
OPEN receives a 3-star rating based on the available scored pillars. The rating is constrained by soft unit economics, soft quantitative characteristics, and weak price momentum.

Company Fundamentals

★★★★★
OPEN has moderate overall fundamentals (3 stars), with moderate financial health, moderate growth momentum, and solid ownership. In FY2025 versus FY2024, strong cash generation (FCF margin 23.7%) is partially offset by negative earnings growth (-231.6%), negative revenue growth (-15.2%), weak profitability (net margin -29.7%).

Financial Health Rating

★★★★★
OPEN's financial health is supported by solid liquidity, including working-capital and asset support (WC/assets 81.9%). Profitability is weak (1 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
Free-cash-flow growth is OPEN's strongest growth driver at +267.3% FY2025 versus FY2024 (strong, 5 stars). By comparison, while revenue growth (-15.2%, negative) and earnings growth (-231.6%, negative) hold the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 58.0% and approximately 98.1% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 4.90% provides only moderate management-shareholder alignment.

Top 5 Institutional Investors

Morgan Stanley - Brokerage Accounts 11.86%
Vanguard Portfolio Management, LLC 7.85%
BlackRock Inc 7.51%
Vanguard Capital Management, LLC 3.56%
Geode Capital Management, LLC 2.57%

Unit Economics (Per $1K Revenue)

★★★★★
OPEN generates approximately $80 of gross profit, $-66 of operating income, and $237 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Operating losses explain the 2-star rating, with weak cash conversion and weak capital efficiency.

Economic Dimensions

★★★★★
Effective Tax Rate: 0.00%

Quantitative Style Profile

★★★★★
OPEN has a liquid profile. Weak momentum is the primary drawback, while elevated volatility.

Style Classification

Quality Focused

Value-OrientedHigh VolatilitySmall / Mid Cap RiskShort Squeeze RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 1.85B USD
Price to earnings Ratio -
1Y Target Price 4.27
Price to earnings Ratio -
1Y Target Price 4.27
Volume (30-day avg) 33.3M shares
Beta 3.75
52 Weeks Range 1.83 - 9.46
Updated Date 10/28/2026
52 Weeks Range 1.83 - 9.46
Updated Date 10/28/2026
Dividends yield (FY) -
Basic EPS (TTM) -1.89

How Company Makes Money

Business areaWhat it includesRetail investor read
Service FeesFees charged to sellers for the convenience and certainty of the Opendoor Cash Offer.Opendoor earns a transaction fee on every home it buys and resells.
Home Resale SpreadThe price difference between the acquisition cost and the final resale price of the home.The company tries to buy low and sell high, similar to a house flipper but at a massive, automated scale.
Ancillary ServicesRevenue from title, escrow, and mortgage referral services provided during the transaction.Opendoor makes extra money by helping with other parts of the home buying process.

Valuation

Trailing PE -
Forward PE 64.1
Enterprise Value 2.92B
Price to Sales(TTM) 0.57
Enterprise Value 2.92B
Price to Sales(TTM) 0.57
Enterprise Value to Revenue 0.91
Enterprise Value to EBITDA -5.85
Shares Outstanding 971.09M
Shares Floating 952.38M
Shares Outstanding 971.09M
Shares Floating 952.38M
Percent Insiders 4.9
Percent Institutions 57.95

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

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