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Opendoor Technologies (OPEN) Stock Forecast & Price Target

$2.26
+0.20 (+9.71%)
(As of 07/12/2024 ET)

Opendoor Technologies - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Consensus Price Target

$3.44
52.10% Upside
High Forecast$7.00
Average Forecast$3.44
Low Forecast$2.25
TypeCurrent Forecast
7/14/23 to 7/13/24
1 Month Ago
6/14/23 to 6/13/24
3 Months Ago
4/15/23 to 4/14/24
1 Year Ago
7/14/22 to 7/14/23
Consensus Rating
Hold
Hold
Hold
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
2 Buy rating(s)
2 Buy rating(s)
2 Buy rating(s)
4 Buy rating(s)
Hold
7 Hold rating(s)
7 Hold rating(s)
8 Hold rating(s)
6 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
2 Sell rating(s)
Consensus Price Target$3.44$3.56$3.42$5.27
Forecasted Upside52.10% Upside33.73% Upside33.21% Upside75.95% Upside
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OPEN Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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OPEN Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Opendoor Technologies Stock vs. The Competition

TypeOpendoor TechnologiesBusiness Services CompaniesS&P 500
Consensus Rating Score
2.22
2.64
2.50
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside52.10% Upside141.47% Upside9.18% Upside
News Sentiment RatingNeutral News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/14/2024UBS Group
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 Lower TargetNeutral ➝ Neutral$3.00 ➝ $2.75+5.36%
5/3/2024JMP Securities
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 Lower TargetMarket Outperform ➝ Market Outperform$4.50 ➝ $4.00+81.00%
12/20/2023BTIG Research
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 DowngradeBuy ➝ Neutral
12/13/2023Keefe, Bruyette & Woods
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 UpgradeUnderperform ➝ Market Perform$1.65 ➝ $3.50+1.74%
11/21/2023Deutsche Bank Aktiengesellschaft
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 Initiated CoverageHold$2.80+12.00%
11/7/2023Morgan Stanley
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 Lower TargetEqual Weight ➝ Equal Weight$4.00 ➝ $2.50+25.00%
9/26/2023Gordon Haskett
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 UpgradeUnderperform ➝ Hold$2.50 ➝ $2.25-7.41%
9/25/2023Citigroup
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 Lower TargetNeutral ➝ Neutral$3.90 ➝ $2.70+14.89%
8/7/2023Credit Suisse Group
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 Lower TargetOutperform ➝ Outperform$8.00 ➝ $7.00+97.74%
4/24/2023Wedbush
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 DowngradeOutperform ➝ Neutral$3.50 ➝ $1.70+10.39%
2/27/2023Oppenheimer
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 DowngradeOutperform ➝ Market Perform
12/21/2022Truist Financial
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 DowngradeBuy ➝ Hold
10/17/2022The Goldman Sachs Group
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 DowngradeNeutral ➝ Sell$7.00 ➝ $2.00-18.03%
8/9/2022Compass Point
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 Lower Target$5.50+3.00%
7/28/2022JPMorgan Chase & Co.
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 Initiated CoverageOverweight$9.00+89.47%
7/18/2022Zelman & Associates
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 DowngradeBuy ➝ Hold

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 06:43 PM ET.

OPEN Forecast - Frequently Asked Questions

What is Opendoor Technologies' forecast for 2024?

According to the research reports of 9 Wall Street equities research analysts, the average twelve-month stock price forecast for Opendoor Technologies is $3.44, with a high forecast of $7.00 and a low forecast of $2.25.

Should I buy or sell Opendoor Technologies stock right now?

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Opendoor Technologies in the last twelve months. There are currently 7 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" OPEN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in OPEN, but not buy additional shares or sell existing shares.

Does Opendoor Technologies's stock price have much upside?

According to analysts, Opendoor Technologies's stock has a predicted upside of 30.46% based on their 12-month stock forecasts.

What analysts cover Opendoor Technologies?

Opendoor Technologies has been rated by research analysts at JMP Securities, and UBS Group in the past 90 days.

Do Wall Street analysts like Opendoor Technologies more than its competitors?

Analysts like Opendoor Technologies less than other "business services" companies. The consensus rating for Opendoor Technologies is Hold while the average consensus rating for "business services" companies is Moderate Buy. Learn more on how OPEN compares to other companies.


This page (NASDAQ:OPEN) was last updated on 7/13/2024 by MarketBeat.com Staff

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