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The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Opendoor Technologies wasn’t one of them. The 10 stocks that ...
However, as tech stocks went into a bear market in 2022 and the housing market froze as interest rates surged, Opendoor plunged. Opendoor stock is now down a whopping 95% from its peak in 2021.
Well, that affected Opendoor's ability to buy homes, which is essentially its entire business model. Revenue for the company went from a peak of $15 billion to $4.5 billion over the past 12 months.
There was a lot to like in Opendoor's latest earnings report, but the outlook is troubling. Opendoor Is Down 53% So Far in 2024. Is It a Buy Before the Fed Starts Cutting Rates?
The real estate tech leader is taking steps to get back on track.
However, investors who buy the right stock as the bulls are heading for the exits can generate some life-changing returns. Could one of those stocks be Opendoor (NASDAQ: ...
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Opendoor Technologies wasn’t one of them. The 10 stocks that ...
From a topical perspective, Opendoor Technologies (NASDAQ:OPEN), despite an overall challenging economic environment, offers investors reason to believe in OPEN stock. Source: Tada Images ...