--- title: "Weekly Recap | Opendoor Tech -6.8%, consensus target above spot" type: "News" locale: "en" url: "https://longbridge.com/en/news/297389758.md" description: "Opendoor Tech (OPEN) fell 6.8% this week, closing at $3.29 on Friday against a prior Friday close of $3.53. The S&P 500 gained 0.49% over the same period, leaving OPEN about 7.29 percentage points behind the benchmark. The stock started the week at $3.486, touched a weekly high of $3.61 on Tuesday, then slipped for three straight sessions and finished Friday at its weekly low of $3.29. Weekly amplitude was 9." datetime: "2026-08-29T06:08:27.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/297389758.md) - [en](https://longbridge.com/en/news/297389758.md) - [zh-HK](https://longbridge.com/zh-HK/news/297389758.md) generator: "portal-rs" --- # Weekly Recap | Opendoor Tech -6.8%, consensus target above spot ## The Week Opendoor Tech (OPEN) fell 6.8% this week, closing at $3.29 on Friday against a prior Friday close of $3.53. The S&P 500 gained 0.49% over the same period, leaving OPEN about 7.29 percentage points behind the benchmark. The stock started the week at $3.486, touched a weekly high of $3.61 on Tuesday, then slipped for three straight sessions and finished Friday at its weekly low of $3.29. Weekly amplitude was 9.18%, while average daily volume came in around 35% below the 60-day median, pointing to thinner trading conditions. ## Key Events Attention centred on the company’s profitability path and capital structure. On Tuesday 25 August, several pieces took aim at the iBuying model, including one arguing that Opendoor’s home-flipping bet remains a money pit and a sector roundup grouping OPEN with Sea and Lemonade among names undergoing major 2026 overhauls. The same day, call options saw heavy activity: the stock rose 4% on Tuesday and some calls jumped 100% in a single session, showing short-dated bets on a bounce. On Saturday 29 August, an article suggested the bull case could change following new convertible notes and a breakeven roadmap, though no company confirmation was cited. Overall, the week produced no company filings or earnings; external commentary and the options move carried most of the narrative. ## Analyst Ratings Across 9 covering institutions, 1 rates the stock buy, 1 over, 5 hold, 1 under and 1 sell. The consensus recommendation is hold, with a consensus target of $4.70, roughly 42.86% above the latest close of $3.29. Targets span a wide range from $1.00 to $8.00, underscoring sharp disagreement among analysts. Within the real estate services industry covering 20 names, OPEN ranks 10th on rating, a mid-tier position. ## The Week Ahead Next week is heavy with US macro releases. Monday 31 August brings the Dallas Fed manufacturing business activity index, prior 1.3. Tuesday 1 September packs the S&P Global manufacturing PMI final, ISM manufacturing PMI and JOLTS job openings; the ISM print carries a prior of 55.6 and forecast of 55.2, with JOLTS prior 7.359m and forecast 7.3. Wednesday 2 September adds ADP private payrolls, factory orders and weekly EIA crude inventories. For OPEN specifically, there are no company earnings on the calendar; rate and employment data may feed into sentiment through housing demand and mortgage cost expectations, but direct company catalysts look limited. ## In Short The week’s tension sits between a consensus target about 42.86% above spot and a deeply split analyst range from $1 to $8, against a stock that fell 6.8% and underperformed the market. Flow data on the latest trading day showed small retail selling against net buying among large and medium orders, a mixed picture. The path forward depends on whether early-September macro releases steady mortgage-rate expectations and whether any fresh details emerge on convertible notes or the breakeven timeline. *This article is generated by LongbridgeAI from market data, for information only and not investment advice.* ### Related Stocks - [OPEN.US](https://longbridge.com/en/quote/OPEN.US.md) - [OPEX.US](https://longbridge.com/en/quote/OPEX.US.md) ## Related News & Research - [Opendoor Technologies consensus price target lowered by 10.36% to €3.16](https://longbridge.com/en/news/301087594.md) - [Opendoor to sponsor 2026 Pickleball World Championships](https://longbridge.com/en/news/297688458.md) - [Opendoor Home Loans exits beta, rolls out fixed- and adjustable-rate mortgages](https://longbridge.com/en/news/298071428.md) - [Opendoor’s Door To Profitability Is Cracking Open, Says JPMorgan](https://longbridge.com/en/news/295427780.md) - [OPEN: Record acquisition growth and margin gains drive confidence in year-end ANI profitability](https://longbridge.com/en/news/294885140.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**