
Opendoor Stock Drops 32% in Six Months. Here's Why This Analyst Still Sees A Way In

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Opendoor Technologies' stock has dropped 32% over the past six months, despite a recent Buy rating from Alliance Global Partners. The firm believes Opendoor can achieve breakeven and has set a price target of $8, indicating a potential 44% upside. The company reported revenue of $736 million, exceeding expectations, but faces challenges from rising mortgage rates and declining home sales. Analysts generally rate Opendoor as a Hold, with an average price target of $6, suggesting limited upside.
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