Reported 2 days ago
Despite a dramatic rise of over 1,600% for Opendoor Technologies, driven by retail traders inspired by hedge fund manager Eric Jackson, three market experts express skepticism regarding the sustainability of this rally. They argue that to justify Jackson's ambitious $82 price target, the company must significantly improve its declining revenues and profits. With existing doubts about Opendoor's fundamentals and potential market challenges, the experts believe that retail momentum alone may not sustain the stock's inflated value.
Source: YAHOO