Reported 1 day ago
Opendoor Technologies is undergoing significant changes under new leadership, including an 85% reduction in workforce and a strategic pivot aimed at restoring profitability. Despite a 460% stock surge in 2025, the company still trades far below its all-time high, dealing with challenges like high interest rates and cash burn. Investors are advised to proceed with caution as the company continues to face operational hurdles, even with a recent improvement in adjusted EBITDA. Analysts have mixed sentiments on the stock, forecasting declining revenue in the near term amid a tough housing market.
Source: YAHOO