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Opendoor Technologies Inc (OPEN)



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Upturn Advisory Summary
10/15/2025: OPEN (5-star) is a REGULAR-BUY. BUY since 67 days. Simulated Profits (720.00%). 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 502.57% | Avg. Invested days 36 | Today’s Advisory WEAK BUY |
Upturn Star Rating ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 5.67B 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 3.6 | 52 Weeks Range 0.51 - 10.87 | Updated Date 10/15/2025 |
52 Weeks Range 0.51 - 10.87 | Updated Date 10/15/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.45 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
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 7339377979 | Price to Sales(TTM) 1.09 |
Enterprise Value 7339377979 | Price to Sales(TTM) 1.09 | ||
Enterprise Value to Revenue 1.42 | Enterprise Value to EBITDA -5.85 | Shares Outstanding 742119598 | Shares Floating 709261128 |
Shares Outstanding 742119598 | Shares Floating 709261128 | ||
Percent Insiders 17.07 | Percent Institutions 50.99 |
Upturn AI SWOT
Opendoor Technologies Inc

Company Overview
History and Background
Opendoor Technologies Inc. was founded in 2014 by Eric Wu, Ian Wong, Keith Rabois, and JD Ross. It pioneered the iBuying concept, aiming to simplify real estate transactions by making instant cash offers on homes. The company went public in December 2020 through a merger with a special-purpose acquisition company (SPAC).
Core Business Areas
- iBuying: Opendoor directly buys homes from sellers, makes necessary repairs, and then relists them for sale. This provides sellers with a quick and convenient way to sell their property.
- Title and Escrow Services: Opendoor offers title and escrow services to streamline the closing process for buyers and sellers.
- Mortgage Services: Opendoor Home Loans provides mortgage financing options to buyers, further simplifying the home buying process.
Leadership and Structure
Carrie Wheeler serves as the Chief Executive Officer. The company has a traditional corporate structure with departments for technology, operations, finance, and marketing, reporting to the executive team and board of directors.
Top Products and Market Share
Key Offerings
- iBuying Service: Opendoor's core iBuying service involves directly purchasing homes. Market share fluctuates but is significant in select markets. Competitors include Offerpad (OPAD), Zillow Offers (discontinued), and traditional real estate agents.
- Opendoor Complete: Combines selling and buying a home seamlessly. Market share is growing as customers seek bundled services. Competitors include other iBuyers and traditional real estate agents offering similar concierge services.
Market Dynamics
Industry Overview
The real estate industry is evolving with increasing adoption of technology. The iBuying sector is still relatively small but growing, offering alternatives to traditional real estate transactions. Market conditions like interest rates and housing inventory significantly impact iBuying profitability.
Positioning
Opendoor positions itself as a technology-driven disruptor in the real estate market, offering convenience and speed compared to traditional methods. Its competitive advantages include its proprietary pricing algorithms and streamlined processes.
Total Addressable Market (TAM)
The U.S. residential real estate market is estimated to be in the trillions of dollars. Opendoor is aiming to capture a significant share of this market by offering a faster and more convenient transaction process. The TAM can fluctuate significantly with market dynamics and interest rates.
Upturn SWOT Analysis
Strengths
- Proprietary Pricing Algorithm
- Streamlined Transaction Process
- Strong Brand Recognition in Key Markets
- Direct Home Buying Capabilities
- Technology-Driven Platform
Weaknesses
- Profitability Concerns
- Capital Intensive Business Model
- Sensitivity to Housing Market Fluctuations
- Limited Geographic Reach
- High Inventory Risk
Opportunities
- Expansion into New Markets
- Partnerships with Real Estate Agents
- Diversification of Services (e.g., financing, insurance)
- Increased Adoption of Technology in Real Estate
- Potential for economies of scale
Threats
- Housing Market Downturn
- Increased Competition from Other iBuyers
- Changes in Regulations
- Fluctuations in Interest Rates
- Consumer Trust and Adoption Rate
Competitors and Market Share
Key Competitors
- RDFN
- OPEN
- ZI
Competitive Landscape
Opendoor's advantages include its proprietary technology and brand recognition. Disadvantages include its capital-intensive business model and sensitivity to market fluctuations. Competitors like Offerpad and Zillow (now a tech-focused real estate company after selling Zillow Offers) have similar business models but may differ in market focus or technology.
Major Acquisitions
Pro.com
- Year: 2021
- Acquisition Price (USD millions): 0
- Strategic Rationale: Acquisition of Pro.com was for enhancing contractor management capabilities and improving the home repair process for Opendoor.
Growth Trajectory and Initiatives
Historical Growth: Opendoor experienced significant revenue growth in its early years but has faced challenges related to profitability and market fluctuations. Growth has been tied to geographic expansion and increasing transaction volumes.
Future Projections: Future growth projections would depend on analyst estimates, which consider factors like market conditions, competitive landscape, and Opendoor's strategic initiatives. Analysts monitor revenue growth, profitability improvements, and market share gains.
Recent Initiatives: Recent initiatives would include strategies for improving profitability, expanding into new markets, and diversifying its service offerings. Any cost cutting measures, technology development, or partnerships will be noted.
Summary
Opendoor is a disruptive force in the real estate market with its iBuying model offering convenience. However, profitability and market sensitivity remain key challenges. The company's success hinges on managing inventory risk and adapting to market conditions. Growth depends on expanding market reach, improving efficiency and cost control, and managing capital.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings (SEC)
- Market Research Reports
- Analyst Estimates
- Industry News
- Company Website
Disclaimers:
This analysis is based on available information and is subject to change. Investment decisions should be made based on individual risk tolerance and due diligence. Market share data is approximate and may vary depending on the source.
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 & Director Mr. Kasra Nejatian | ||
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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