Opendoor Technologies stock is feeling bearish pressure. What’s behind OPEN decline? The Chart Offered No CushionThe technical setup coming into Thursday gave buyers little to stand on. OPEN was already trading 16.1% below its 20-day moving average, 15.7% below its 50-day, 19.5% below its 100-day and 31.6% below its 200-day, a configuration that signals sellers have maintained control across every meaningful time frame.
A death cross established in March, when the 50-day dropped below the 200-day, continues to act as overhead resistance that limits how far rallies can travel before running into supply. MACD sits below its signal line with a negative histogram, pointing to fading upside pressure that makes multi-day bounces vulnerable to being sold.
Key resistance sits at $4.60 near the 50-day moving average while $4.28 represents the nearest support level around current prices. The 52-week range stretches from $1.70 to $10.87, and despite a 75% gain over the past year the stock remains well off its highs, a profile that tends to invite profit-taking when the market turns defensive.
Benzinga Edge assigns the stock a momentum score of 70.16, flagging it as bullish on the longer-window trend even after Thursday’s pullback. The risk embedded in that reading is straightforward: when momentum is the primary thesis rather than value or fundamental quality, the chart becomes everything, and losing key moving average levels can accelerate selling rapidly.
Earnings Are Around the CornerThe next concrete catalyst arrives Aug. 4 when Opendoor reports second-quarter results. Analysts are projecting a loss of 3 cents per share, worse than the 1 cent loss posted in the same period last year, on revenue of $900.86 million, down sharply from $1.57 billion a year ago.
In an environment where the market is already reducing risk, year-over-year declines on both the top and bottom line are the kind of numbers that keep cautious investors on the sidelines until management can demonstrate the trajectory is stabilizing.
The analyst community is deeply divided. The stock carries a consensus Hold rating with an average price target of $5.33, but the range of individual views tells a more complicated story. Keefe Bruyette raised its Underperform target to $2.65, Alliance Global Partners initiated with a Buy and an $8.00 target and Citigroup maintained its Sell with a target of $1.40.
OPEN Shares Are PlummetingOPEN Price Action: Opendoor shares were down 12.10% at $3.85 at the time of publication on Thursday, according to Benzinga Pro.
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Opendoor continues commitment to transparency with video livestream and shareholder Q&A July 14, 2026 09:00 ET | Source: Opendoor Technologies Inc.
SAN FRANCISCO, July 14, 2026 (GLOBE NEWSWIRE) -- Today, Opendoor Technologies Inc. (“Opendoor”) (Nasdaq: OPEN) announced that it will report second quarter 2026 financial results for the period ended June 30, 2026 following the close of the market on Tuesday, August 4, 2026.
Modernizing Investor Access
On August 4, 2026, management will host our Financial Open House video livestream at 2:00 p.m. PT (5:00 p.m. ET) to discuss the company’s business and financial results.
We believe in building in the open. The Financial Open House replaces the traditional earnings conference call with a video event, including a live segment for shareholder Q&A.
Shareholder Q&A
We invite shareholders to participate directly through Robinhood’s Say Technologies platform by visiting https://app.saytechnologies.com/opendoor-2026-q2
Submit & Upvote: Starting Wednesday, July 22, 2026, shareholders can post questions and upvote the ones they most want answered. Questions will close on July 29, 2026.Live Answers: Management will address a selection of the top-voted questions live during the broadcast, alongside questions from research analysts. Event Details
What: Opendoor Second Quarter 2026 Financial Open HouseWhen: Tuesday, August 4, 2026Time: 2:00 p.m. PT (5:00 p.m. ET)Watch Live: The Financial Open House will stream live at investor.opendoor.com and on Robinhood, YouTube, and X.Access Replay: A full replay and earnings materials will be available following the event at investor.opendoor.com.
As always, you can continue to watch our progress and see what we’ve been shipping at accountable.opendoor.com.
About Opendoor
Opendoor exists to tilt the world in favor of homeowners by making homeownership simpler, faster, and fairer for everyone. Since 2014, Opendoor has given people a more convenient, more certain way to buy and sell a home, whether they already own or are working hard to become homeowners. Opendoor currently operates in markets across the U.S. For more information, please visit www.opendoor.com.
Each week, Benzinga’s Stock Whisper Index uses a combination of proprietary data and pattern recognition to showcase five stocks that are just under the surface and deserve attention.
Investors are constantly on the hunt for undervalued, under-followed and emerging stocks. With countless methods available to retail traders, the challenge often lies in sifting through the abundance of information to uncover new opportunities and understand why certain stocks should be of interest.
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Opendoor Technologies (OPEN) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.
Shares of Opendoor Technologies (NASDAQ:OPEN) are up 11% to $5.30 at midday Thursday, breaking away from the rest of the iBuyer group in an otherwise uneven session for beaten-down real estate names.
Peer Offerpad Solutions (NYSE:OPAD) is trailing at up 4% to $5.22, while Zillow Group (NASDAQ:Z | Z Price Prediction) stock has added 2% to $32.96. A week ago, these three names rallied in unison; today, Opendoor stock is the clear winner.
The divergence stands out because Opendoor stock is still down 10% year to date, so today’s pop looks more like an oversold bounce than a fundamental re-rating. Retail sentiment appears to be doing the heavy lifting today.
Retail Flow Drives the Move There’s no single news trigger behind OPEN stock’s jump. The action looks like retail and momentum flow into volatile small-cap real estate names, stacked on top of an oversold bounce off depressed levels. Reddit chatter has been quietly building.
Opendoor sentiment on Reddit stayed firmly bullish into the move, with sentiment scores ranging from 66 to 74 across the past several sessions. Discussion has migrated from r/wallstreetbets to r/stocks, suggesting broader retail interest beyond pure speculation.
The macro backdrop remains soft for Opendoor and its iBuyer peers. Housing starts fell to 1.18 million annualized in May, down from a March peak, and existing home sales slipped to 4.09M in June. Those readings keep OPEN and OPAD transaction volumes suppressed, which frames today’s move as a flow-driven rally rather than a fundamental shift.
The Valuation Irony Here’s the twist: today’s price winners are the two unprofitable iBuyers, while the one name actually earning money is lagging behind.
Opendoor stock carries no TTM P/E ratio and has TTM EPS of -$1.76. The company’s most recent quarter showed revenue down 38% year over year, and its analyst target sits at just $4.82, below today’s price. Offerpad is deeper in the red with TTM EPS of -$11.70 and a 50% year-over-year revenue decline; OPAD shares are down 59% year to date.
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Zillow is the profitable one, with TTM EPS of $0.25 and a TTM P/E ratio of 131x. The company saw Q1 2026 revenue growth of 18% and earnings growth of 5x year over year. Yet, Zillow shares remain down 52% year to date, and today’s small gain barely registers next to Opendoor’s double-digit jump.
Bull and Bear Cases on Opendoor The bull case rests on the “Opendoor 2.0” turnaround narrative, retail momentum, and index-flow interest. Management has guided to adjusted EBITDA breakeven for Q2, and CEO Kaz Nejatian has been vocal that the operating machine is working. That combination has pulled speculative capital into the name.
The bear case shouldn’t be overlooked, however. Opendoor is GAAP unprofitable, highly rate-sensitive, and carries a beta of 3.56, meaning big up days can flip to big down days quickly. Furthermore, Opendoor’s dilution risk sits at 964.7 million shares outstanding, and OPEN stock’s 52-week range of $0.73 to $10.87 tells you exactly how wide the swings can get. Thus, investors should keep their position sizing modest on this one.
For broader housing-theme exposure without single-stock iBuyer risk, the SPDR S&P Homebuilders ETF (NYSEARCA:XHB) offers a diversified alternative, though it doesn’t hold Opendoor or Offerpad.
What to Watch Now Investors can watch for whether Opendoor stock holds the $5 in the coming sessions and whether volume confirms the breakout attempt. The stock’s beta of 3.56 means a reversal could be just as sharp as today’s rally, so entries this late in the session carry above-average risk.
The next real test comes with Opendoor’s Q2 2026 report, when the adjusted EBITDA breakeven guide gets measured against actual results. Any slippage against that bar could unwind the recent retail bid quickly. Until then, momentum traders may keep OPEN and OPAD active into Friday.
Zillow shares remain the odd name out. Traders willing to look past the company’s elevated 131x TTM P/E and focus on the forward multiple of 15x may find the profitable property-tech name to be a more durable story once the retail bounce fades.
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Zillow (NASDAQ: ZG | ZG Price Prediction) posted $46 million in net income last quarter while Opendoor Technologies (NASDAQ: OPEN) lost $173 million. Zillow runs a digital tollbooth on home search traffic. Opendoor buys houses with cash, holds them, and hopes to resell fast.
Ad Dollars Flow In. Inventory Sits on the Books. Zillow’s $708 million in Q1 revenue grew 18.4% year over year, powered by three engines that never touch a deed. Rentals climbed 42% as multifamily listings scaled to 76,000 properties. Mortgage revenue jumped 56%, with purchase loan originations up 96% to $1.5 billion. CEO Jeremy Wacksman told investors the platform is “embedding AI throughout the real estate experience in ways that make Zillow increasingly indispensable.” Believable, given 220 million monthly unique users keep showing up.
Opendoor’s story hinges on operations. Revenue fell 38% to $720 million as homes sold dropped to 1,921 units. Yet new CEO Kaz Nejatian argues the machine is finally tuned: aged inventory over 120 days collapsed from 51% to 10%, and acquisition contracts topped 5,000, the highest since 2022. Gross margin nudged up to 10.0%. Progress, but the operating cash burn hit negative $246 million.
A Tollbooth Versus a Warehouse Lens Zillow Opendoor Core Bet SaaS agent tools, rentals, mortgage leads Buying and reselling homes for cash Balance Sheet Exposure Minimal; ad marketplace Heavy inventory plus $193M current convertibles Q1 Profitability $182M adjusted EBITDA $49M adjusted net loss Zillow’s 73.3% gross margin lets management repurchase stock aggressively: 13.5 million shares bought for $626 million in the quarter. Opendoor, meanwhile, took a $105 million RSU charge tied to Nejatian’s arrival. Different worlds.
What Decides the Second Half Housing itself remains soft. Existing home sales sit at 4.17 million annualized, and housing starts just fell 15.4% month over month. I will be watching whether Zillow’s Enhanced Markets, now 49% of connections, keep pushing agent monetization higher. For Opendoor, the tell is whether Q2 hits adjusted EBITDA breakeven and whether the 5% to 7% contribution margin range holds when cohorts mature.
Why I Lean Toward Zillow, With Eyes Open Personally, I favor Zillow here. A capital-light platform compounding mid-teens revenue growth with real cash generation is easier to underwrite than a house-flipper still burning cash. The stock is down 54.2% over the past year, which stings, yet the FTC trial and legal headwinds feel priced in at a 14 forward P/E. Opendoor is a genuine turnaround story, and its 795.68% one-year rally shows what happens when a busted stock finds a pulse. But I want more quarters of proof before betting on the warehouse over the tollbooth. If you like variance and believe Nejatian’s cohort math, Opendoor fits. If you prefer durable margins, Zillow is the cleaner read.
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Opendoor Technologies (OPEN 0.81%) stock dropped 21% in the first half of the year, according to data provided by S&P Global Market Intelligence. After it skyrocketed with the help of social media and retail investors last year, it's been slowly coming back to earth as the housing market remains under pressure.
A new CEO and strategy There's been a lot going on at Opendoor over the past year. A concerted effort by retail investors to shake things up resulted in the previous CEO being ousted and replaced by Kaz Nejatian, a Shopify veteran. He has changed the digital real estate company's focus, and there's been some progress.
There's been some of the garden variety of change, such as bringing in more artificial intelligence (AI) to become more efficient and work faster. Opendoor is also creating more options for customers, such as its cash now, more later product, which accounted for a third of acquisition contracts in the first quarter.
Image source: Getty Images.
The highlight of the strategy, though, and where it truly acts differently, is its focus on volume and velocity. Previously, it put efforts into finding bargains and focusing on spread. Nejatian's take was that this was leading to the purchase of worse homes, which were harder to sell. The new model is buying excellent homes and turning them over more quickly, even if it's a lower spread, and the results have been promising in the limited time it's been going on.
In the 2026 first quarter, it purchased 45% more homes sequentially, and it had 5,000 under contract, double the fourth-quarter number and the highest number since 2022. The number of homes on the market for more than 120 days decreased from 33% the quarter before to 10%, below the the 33% market average. Contribution margin improved every month since September, when this all got started, and recent monthly cohorts are selling faster than corresponding months for every year since the pandemic.
A reality check This kind of progress should send the stock up, not down. But after the stock had an astronomical rise last year, the company is now doing the practical work of demonstrating that it can meet the moment. Early progress is great, but Opendoor is unprofitable and operating in a challenging environment. Interest rates aren't coming down right now, and the housing market is still under pressure.
The market has already priced in a potential recovery, and the company is still proving itself.
Jennifer Saibil has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Shopify. The Motley Fool has a disclosure policy.
Opendoor Technologies (OPEN 0.71%), a digital residential home buying and selling platform, closed at $4.90, down 0.81%. Broader tech selling pressured the shares, and investors are watching chip and AI momentum for signs of stabilization.
The company’s trading volume reached 89.5M shares, which is roughly 112% above its three-month average of 42.2M shares.
How the markets moved todayThe S&P 500 (^GSPC +0.00%) fell 0.07% to 7,473.24, unchanged from the previous session. The Nasdaq Composite (^IXIC 0.80%) dropped 0.80% to 25,832. Among U.S. residential real estate technology and online home-buying/selling services peers, Z closed at $33.43, up 1.24%, and Compass finished at $12.62, up 0.60%, showing firmer trading than Opendoor Technologies during the session.
What this means for investorsOpendoor’s recent decline kept attention on whether its operating turnaround can hold in a challenging housing market. The stock lagged some housing-technology peers, though its Russell 3000 inclusion may help explain the elevated trading volume. Upcoming updates on housing demand, resale margins, and adjusted EBITDA progress will be the clearest signals of whether the turnaround is gaining durability.
For long-term investors, the key test is whether Opendoor can expand home acquisitions, improve resale economics, and turn recent inventory progress into a more durable path toward profitability.
Eric Trie has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- STARZ (NASDAQ: STRZ) announced today the company will report its second quarter financial results for 2026, ended June 30, 2026, on Friday, August 7. Senior management will also hold an analyst and investor call to discuss results at 5:00AM PT/8:00AM ET before market open on August 7. To listen to the live audio webcast, click here. A full replay will be available later the same evening by clicking here.
About STARZ
STARZ (NASDAQ: STRZ) is the leading premium entertainment destination for women and underrepresented audiences, and home to some of the most popular franchises and series on television. STARZ offers a robust programming mix for discerning adult audiences, including boundary-breaking originals and an expansive lineup of blockbuster movies, and is embodied by its brand positioning "We're All Adults Here." Complementary to any platform or service, STARZ is available across a wide range of digital OTT platforms and multichannel video distributors and is a bundling partner of choice. STARZ is powered by an industry-leading advanced technology, data analytics and digital infrastructure and the highly rated and first-of-its-kind STARZ app.
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Shares of Opendoor Technologies (NASDAQ:OPEN) are trading higher by 7% to $4.96 in midday action, while fellow iBuyer Offerpad Solutions (NYSE:OPAD) is up 6% to $5.26. The two home-flipping platforms are the standout gainers in an otherwise choppy session for real estate names.
Both companies have become battlegrounds for retail traders, and Opendoor stock shows why: it has rocketed 792% over the past year. Offerpad stock has been every bit as volatile, swinging hard in both directions as a thinly traded small-cap. That backdrop makes today’s synchronized pop worth a closer look, because the catalyst is less obvious than the price action suggests.
Momentum, Retail Flow, and Index Inclusion There isn’t a clean single catalyst behind today’s rally. Opendoor and Offerpad are the two publicly traded iBuyers, using algorithmic pricing to buy homes directly from sellers, lightly renovate, and resell. Today’s bid reads as momentum and heavy retail/meme interest in volatile small-cap real estate names, riding recent Russell 2000/3000 inclusion flows and broad sector strength.
The fundamentals for Opendoor are mixed. Q1 2026 revenue fell to $720 million, down 38% year over year (YoY), and the company posted a GAAP net loss of $173 million. Furthermore, Opendoor’s gross margin expanded to 10% from 9%, and CEO Kaz Nejatian asserted, “As of April 1st, Opendoor is adjusted EBITDA profitable, on a 12-month go-forward basis… The machine is working.”
Offerpad’s Q1 2026 print showed revenue of $80.08 million, down 50% YoY, with a net loss narrowing to $10.1 million from $15.1 million. Management is targeting Adjusted EBITDA positive before year-end 2026.
Peers Ride the Same Bid Zillow Group (NASDAQ:Z | Z Price Prediction) shares are up 5% to $33.25. Zillow stock is participating in the same broad real estate bid, and the proptech platform remains a frequent Opendoor competitor.
Rocket Companies (NYSE:RKT) stock is up modestly at 2% to $16.08, riding recent momentum in mortgage-adjacent names. Rocket Companies is a mortgage origination and refinancing name, rate-sensitive but tracking the same housing-tech sentiment.
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For diversified housing exposure, the SPDR S&P Homebuilders ETF (NYSEARCA:XHB) is a broad housing-theme proxy, though it does not hold iBuyers like Opendoor or Offerpad. XHB shares are up 11% over the past year. The rally is happening despite a hawkish macro backdrop, with the 10-year Treasury yield still elevated at 4.47% and housing starts falling to 1.18 million annualized units in May.
Bull and Bear Case for the iBuyers The bulls point to Opendoor’s turnaround progress under Nejatian, expanding margins, Russell index inclusion driving volume, and a stated path to adjusted net income positive by end of 2026. The prediction markets on Polymarket assign a 71% probability to Opendoor shares hitting $5.50 in July.
Meanwhile, the bears note that Opendoor and Offerpad are unprofitable on a GAAP basis, capital-intensive, rate-sensitive, and exposed to dilution risk. Opendoor stock carries a beta of 3.55, and the analyst consensus target sits at $4.82. Investors should consider keeping position sizes modest in these volatile names.
What to Watch Market watchers can check for whether Opendoor and Offerpad shares hold their gains into the close, especially as XHB itself is down 2% on the session. Momentum traders may keep this pair active through the afternoon.
The next fundamental read arrives with Q2 2026 earnings later this summer, where investors will be looking for confirmation that Opendoor’s adjusted EBITDA breakeven target and Offerpad’s transaction ramp are on track. Any housing data or Federal Reserve commentary in the interim could also sway sentiment given how rate-sensitive these names remain.
The takeaway: today’s rally reflects improving operational momentum across the iBuyer complex, but with both names still unprofitable on a GAAP basis, execution against near-term guidance is what will determine whether this move has legs.
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Key Takeaways OPEN signed more than 5,000 acquisition contracts in Q1, its strongest quarterly volume since Q2 2022.Opendoor's resale contribution margin reached 4.4% in Q1, up 340 basis points sequentially.OPEN reduced homes on the market for more than 120 days to 10% from 51% two quarters earlier. Opendoor Technologies Inc. (OPEN - Free Report) is entering the back half of 2026 with seasonality becoming an important test for Opendoor 2.0. Although housing activity typically softens during this period, recent operating metrics suggest Opendoor 2.0 is giving the company a stronger operating base heading into the seasonal slowdown.
Seasonality is a meaningful factor in OPEN’s operating model. The company stated that the housing selling season typically begins shortly after the Super Bowl, peaks in early summer, tapers through the fall and bottoms in December. This pattern affects resale velocity, spread decisions and acquisition cadence. OPEN also noted that days on market usually lengthen in the back half of the year, while margins tend to compress in the fourth quarter.
OPEN enters this seasonal test with improved operating metrics. In the first quarter of 2026, the company entered into more than 5,000 contracts, its strongest quarterly contract volume since the second quarter of 2022. Resale contribution margin improved every month since September 2025 and closed the quarter at 4.4%, up 340 basis points sequentially. The percentage of homes on the market for more than 120 days fell to 10% from 51% two quarters earlier. This healthier inventory position gives OPEN a stronger starting point as seasonal demand moderates, with fewer aged homes reducing clearance pressure and supporting resale-margin stability.
The back half of 2026 will provide a key checkpoint for OPEN’s margin durability as seasonal housing demand moderates. The company’s ability to limit margin slippage will likely depend on fresh inventory, sustained resale velocity and continued contribution-margin stability as housing demand tapers.
Opendoor’s Competitor LandscapeZillow Group, Inc. (ZG - Free Report) provides a relevant benchmark for OPEN because it is navigating housing-market softness through a capital-light platform. Zillow’s integrated housing ecosystem spans search, touring, financing, agent workflows and closing, helping it support buyer and seller engagement without direct owned-home resale exposure. This positions Zillow as a lower-inventory-risk benchmark, while OPEN’s margin profile is more directly tied to resale execution and owned-home turns.
Offerpad Solutions Inc. (OPAD - Free Report) provides a closer operating comparison because it remains exposed to home-level execution, resale timing and capital discipline. Offerpad is expanding its Cash Offer, Cash Offer Marketplace, Brokerage Services and Renovate platform while using SCOUT and HENRY to improve seller routing, acquisition accuracy, renovation estimates and disposition decisions. These efforts are aimed at improving conversion and managing asset-level risk in a pressured housing market.
Against this backdrop, OPEN sits between Zillow’s capital-light housing platform and Offerpad’s more targeted seller-solutions model. Zillow benefits from platform breadth and lower inventory exposure, while Offerpad is focused on improving seller conversion and asset-level execution. OPEN’s differentiation lies in applying Opendoor 2.0 across a larger resale funnel, where tighter execution can have a greater impact on margin performance.
OPEN’s Stock Price Performance, Valuation & EstimatesShares of Opendoor have skyrocketed 719.9% in the past year against the industry’s 23.6% decline.
OPEN One-Year Price Performance
Image Source: Zacks Investment Research
From a valuation standpoint, OPEN trades at a forward price-to-sales (P/S) multiple of 0.75, significantly below the industry’s average of 3.55.
OPEN’s P/S Ratio (Forward 12-Month) vs. Industry
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for OPEN's 2026 loss per share suggests a 53.9% year-over-year improvement. Loss per share estimates for 2026 have widened in the past 30 days.
EPS Trend of OPEN Stock
Image Source: Zacks Investment Research
Rocket Companies (NYSE:RKT | RKT Price Prediction) stock is up 13% in midday trading Wednesday, changing hands near $15.21. Opendoor Technologies (NASDAQ:OPEN) stock is climbing 5% to roughly $4.43. Both names are leading a broader bid in rate-sensitive housing fintech.
The connective thread between the two moves is a reported resurgence of refinancing demand, aided by declining mortgage rates. Lower mortgage rates directly boost refinancing and origination volumes for Rocket Companies, a mortgage lender, and they support faster home transactions for Opendoor, an iBuyer that monetizes turnover and resale velocity. The setup echoes the same rate-sensitive playbook that drove a refi wave in September 2025.
That framing is the apparent driver, not a confirmed company-specific catalyst. Rocket Companies stock is down 21% year to date (YTD), and Opendoor stock is down 24% YTD. Today’s pop is a rebound in two depressed, rate-sensitive equities, not a confirmed trend change.
Rocket Companies Rides the Refinancing Tailwind Rocket Companies runs Rocket Mortgage, Redfin, Rocket Money, Rocket Loans, and Rocket Close, but mortgage origination and servicing remain the core engine. When mortgage rates fall, refinancing applications jump quickly, and Rocket Companies’ platform converts that volume into outsized operating leverage. That sensitivity is exactly why Rocket Companies stock is leading today’s tape.
The company’s Q1 2026 earnings report already pointed to improving fundamentals. Rocket Companies posted EPS of $0.15 versus a $0.12 consensus and revenue of $2.94 billion, with a servicing portfolio of $2.1 trillion in unpaid principal balance. GAAP net income of $297 million reversed a prior-year loss.
CEO Varun Krishna struck a defiant tone, asserting, “Rocket is not waiting for the market to get easier… Hard market. Stronger Rocket.” Management also pulled forward $400 million of Mr. Cooper acquisition synergies to year-end, a year ahead of schedule, while guiding Q2 2026 adjusted revenue to $2.7 billion to $2.9 billion.
The bear case on Rocket Companies stock is real, though. The shares have whipsawed through prior rate head-fakes, and a one-day move on softer mortgage rates doesn’t confirm a durable refi cycle if Treasury yields snap back higher.
Opendoor Catches a Bid on Transaction Volume Hopes Opendoor’s unit economics hinge on transaction volume and how quickly it can flip inventory. Lower mortgage rates pull buyers back into the market, which lifts both Opendoor’s acquisition pipeline and resale velocity. Existing home sales reached 4.17 million annualized in May, up 3% month over month, and that backdrop helps Opendoor stock today.
Opendoor’s Q1 2026 results showed real operating progress. Revenue came in at $720 million, homes purchased rose 45% quarter over quarter to 2,474, and gross margin expanded to 10% from 9% year over year (YoY).
CEO Kaz Nejatian was direct in his commentary, declaring, “The machine is working.” Polymarket traders are leaning bullish on Opendoor as well, assigning a 95% probability that OPEN stock closes higher on the session and clustering weekly price targets in the $4 to $4.50 band.
Still, the caution on Opendoor stock is hard to ignore. Opendoor is a low-priced, highly volatile name, and the business remains exposed to any reversal in mortgage rates or transaction demand. The path to adjusted net income positive by year-end depends on the housing pipeline holding.
What Investors Can Watch Next The 10-year Treasury yield sits at 4.4%; the recent easing is modest in context and could reverse on a single hot inflation report. Ultimately, the bull case for both Rocket Companies and Opendoor may be conditional on rates continuing lower.
Investors can watch for follow-through into other housing names, the durability of the mortgage-rate decline into Friday’s close, and the next Q2 2026 earnings reports from Rocket Companies and Opendoor. A reasonable approach is to size positions modestly in Rocket Companies stock and Opendoor stock, given the rate dependency. One day of refi-driven excitement is not yet a confirmed housing recovery.
Oil prices have already started to fall since President Trump signaled the end of the war with Iran. Lower oil prices mean lower costs for companies and an easing of pressure for consumers. However, inflation is still rampant, and the Federal Reserve just made a decision to keep interest rates steady. Although that wasn't unexpected, since it's meant to stem inflation, it could stem economic activity.
Image source: Getty Images.
One place that shows up big is in the housing market. Higher mortgage rates make it more challenging for people to buy homes, and fewer people sell when it's harder to buy, which means there's less supply in the market. Since Opendoor Technologies (OPEN +5.71%) is still building itself up as a company, it has been battered by the high-interest-rate environment, and high rates could continue to plague it.
Today's Change
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Opendoor has undergone drastic changes over the past year. Retail investors banded together to send the stock higher and oust the CEO, and the new CEO has made broad changes across the enterprise, including how its model works and using more artificial intelligence (AI). The company shifted its focus from identifying great deals to procuring excellent homes in high volume, and it's demonstrating progress. It had its highest-ever acquisition contract volume in the 2025 first quarter, and the resale margin has improved every month since September 2025.
The company is making lemons into lemonade, but a prolonged high-interest-rate environment could weigh on its recovery.
Jennifer Saibil has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Key Takeaways OPEN entered contracts on more than 5,000 homes, its strongest acquisition quarter since 2022.OPEN ended the quarter with $999M in cash and $7.1B of non-recourse borrowing capacity.Opendoor said contribution margins improved for six straight months, with EBITDA break-even expected. Opendoor Technologies (OPEN - Free Report) is showing increasing confidence that it can grow acquisition volumes while maintaining the financial discipline needed to achieve profitability. The company’s first-quarter 2026 earnings call highlighted significant progress on both fronts, suggesting that its revamped operating model is beginning to deliver results.
A key indicator is the sharp increase in acquisition activity. Opendoor entered into contracts on more than 5,000 homes during the quarter, its strongest performance since 2022, while home purchases rose 45% sequentially to 2,474 properties. Management noted that this growth is not being fueled by aggressive pricing but by improved underwriting, better customer conversion and new offerings such as cash now, more later.
Just as important, the company appears determined to avoid the capital-intensive mistakes of the past. Opendoor ended the quarter with $999 million in unrestricted cash and emphasized that inventory growth has been accompanied by improving inventory quality and faster resale velocity. Homes on the market for more than 120 days declined to 10% from 51% two quarters earlier, reducing holding costs and improving capital efficiency.
Management also stressed that growth will be supported by existing liquidity and financing capacity rather than by dilutive equity raises. The company has $7.1 billion of non-recourse borrowing capacity available, providing ample room to fund acquisitions while preserving shareholder value.
With contribution margins improving for six straight months and adjusted EBITDA expected to reach break-even in the second quarter, Opendoor believes it can continue to scale acquisitions while remaining disciplined. If these trends persist, the company may be positioned to achieve profitable growth even in a challenging housing market.
Rivals Are Also Pursuing Growth With Financial DisciplineOpendoor operates in a competitive real estate technology market where balancing growth and capital efficiency remains a key challenge. Two notable peers in this space are Offerpad Solutions (OPAD - Free Report) and Zillow Group (ZG - Free Report) .
Offerpad Solutions, another iBuyer-focused company, has adopted a cautious growth strategy following the housing market slowdown. Like Opendoor, Offerpad Solutions has prioritized inventory quality, disciplined home acquisitions and faster inventory turnover to reduce market risk. The company continues to focus on improving unit economics and preserving liquidity rather than pursuing growth at any cost, reflecting a similar emphasis on capital discipline.
Meanwhile, Zillow Group has taken a different approach after shutting down its Zillow Offers home-flipping business in 2021. Instead of owning large inventories of homes, Zillow Group is expanding its asset-light housing ecosystem through services such as mortgages, touring, seller solutions and transaction facilitation. This strategy allows Zillow Group to benefit from housing-market activity while minimizing balance-sheet risk and capital requirements.
While their business models differ, both competitors highlight the industry's broader shift toward profitable growth, operational efficiency and prudent capital allocation.
OPEN’s Stock Price Performance, Valuation & EstimatesShares of Opendoor have skyrocketed 667.9% in the past year against the industry’s 16.2% decline.
OPEN One-Year Price Performance
Image Source: Zacks Investment Research
From a valuation standpoint, OPEN trades at a forward price-to-sales (P/S) multiple of 0.79, significantly below the industry’s average of 3.74.
OPEN’s P/S Ratio (Forward 12-Month) vs. Industry
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for OPEN's 2026 loss per share indicates a 61.5% year-over-year improvement. Loss per share estimates for 2026 have narrowed in the past 60 days.
EPS Trend of OPEN Stock
Image Source: Zacks Investment Research
Opendoor CEO Kaz Nejatian joins CNBC's 'The Exchange' to discuss the state of the housing market, why first-time home buyers are stuck in this market, and more.
On June 16, 2026, David C. Benson, a member of the Board of Directors at Opendoor Technologies (OPEN +0.45%), reported the sale of 40,000 shares of common stock in an open-market transaction, as disclosed in the SEC Form 4 filing.
Transaction summaryMetricValueShares sold (direct)40,000Transaction value~$193,000Post-transaction shares (direct)180,099Post-transaction value (direct ownership)~$855,000Transaction value based on SEC Form 4 weighted average purchase price ($4.83); post-transaction value based on the market close price on June 16, 2026.
Key questionsWhat proportion of David Benson's total Opendoor Technologies holdings was sold in this transaction?
The 40,000 shares sold represented 18.17% of Benson's direct holdings prior to the sale, with no indirect or derivative positions reported as of June 16, 2026.What was the stated reason for the sale and how does it relate to insider trading policies?
The sale was conducted under a pre-established Rule 10b5-1 plan, specifically to cover taxes from the vesting of restricted stock units, indicating the transaction was planned and not discretionary in nature.How does this transaction affect Benson's ongoing exposure to Opendoor Technologies stock?
Following the sale, Benson maintains a direct position of 180,099 shares, with a post-transaction market value of approximately ~$855,000, and retaining substantial direct exposure.Does the timing of the sale coincide with any material stock price movement or performance trend?
As of June 16, 2026, Opendoor Technologies shares had appreciated by 671.35% over the prior year, but the sale aligns with tax-related events rather than an opportunistic response to price momentum.Company overviewMetricValueRevenue (TTM)$3.94 billionNet income (TTM)($1.39 billion)Price (as of market close June 16, 2026)$4.751-year price change671.35%* 1-year performance calculated using June 16, 2026 as the reference date.
Company snapshotOpendoor offers a digital platform for buying and selling residential real estate, with additional services such as title insurance and escrow.It generates revenue primarily through home sales and related transaction fees, operating as an online intermediary in residential property transactions.The company targets individual home buyers and sellers across the United States seeking a streamlined, technology-driven real estate experience.Opendoor Technologies operates at scale within the U.S. residential real estate market, leveraging a digital-first strategy to simplify property transactions. The company’s platform-driven approach enables efficient home buying and selling, supported by ancillary services that enhance the customer experience.
Its technology integration enables a digital platform for efficient transactions and supporting services, catering to consumers seeking convenience and speed in real estate dealings.
What this transaction means for investorsThe June 16 sale of Opendoor stock by Director David Benson isn’t a cause for investor concern, given it was performed to fulfill tax withholding obligations incurred in connection with the vesting of restricted stock units.
The disposition came at an interesting time for Opendoor shares. The company was selected for inclusion in the Russell 3000 Index towards the end of May, and the stock remains well above its 52-week low of $0.51 per share reached last June.
Shares began to rise after new CEO Kasra Nejatian took over the top position in the fall of 2025. Nejatian introduced a new strategy for the company, called Opendoor 2.0, using artificial intelligence to efficiently buy and sell homes.
In the first quarter, revenue fell 433% year over year to $720 million as Opendoor made its strategic shift. The company’s net loss widened to $173 million from a loss of $85 million in the prior year, but management believes Opendoor can be adjusted net income positive by the end of 2026.
Robert Izquierdo has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Opendoor Technologies Inc. OPEN is currently trading at a discount compared with the Zacks Internet - Software industry, the Zacks Computer and Technology sector and the S&P 500 index, with a forward 12-month price-to-sales (P/S) ratio of 0.8. The industry's average is currently 3.65, while the sector's valuation is 6.52 and the S&P 500 index's is 5.08.
On May 11, 2026, Opendoor Technologies (OPEN 1.01%) Chief Executive Officer Kasra Nejatian reported the open-market purchase of 100,000 shares as detailed in the SEC Form 4 filing.
Transaction summaryMetricValueShares traded100,000Transaction value$487,800Post-transaction shares (direct)83,578,299Post-transaction value (direct ownership)$407.69 millionTransaction and post-transaction values based on SEC Form 4 reported price ($4.88).
Key questionsHow does this purchase compare to Kasra Nejatian's historical trading activity?
Since September 2025, Nejatian has made two open-market purchases totaling 225,000 shares, with this latest acquisition representing 44% of that net accumulation, and the cadence remains in line with his recent activity.What is the impact on Nejatian's ownership stake?
The transaction increased his direct holdings to 83,578,299 shares, maintaining full direct ownership and representing a 0.013% increase in position size relative to pre-trade levels.Were any derivative securities or indirect holdings involved?
No; all shares acquired were purchased directly, with no involvement of options, warrants, or indirect entities such as trusts or LLCs.Does the purchase indicate a change in sentiment or strategy?
This transaction is consistent with routine, incremental accumulation rather than a shift in investment posture, and does not materially alter Nejatian's exposure to Opendoor Technologies.Company overviewMetricValuePrice (as of market close May 11, 2026)$4.85Market capitalization$4.23 billionRevenue (TTM)$3.94 billion1-year price change499.26%* 1-year price change calculated using May 11, 2026 as the reference date.
Company snapshotOpendoor offers a digital platform for buying and selling residential real estate, as well as providing title insurance and escrow services.It operates an iBuyer model, purchasing homes directly from sellers and reselling them to buyers, generating revenue from home sales and related services.The company targets individual homebuyers and sellers across the United States seeking a streamlined, online real estate transaction experience.Opendoor Technologies is a leading digital real estate platform focused on simplifying residential property transactions in the United States.
What this transaction means for investorsThe May 11 purchase of Opendoor shares by new CEO Kasra Nejatian, who took over the position in the fall of 2025, signals his confidence in the company’s future. He certainly didn’t need to buy the stock, given he owns over 83 million shares.
Nejatian introduced a new strategy for the company, called Opendoor 2.0, which is focused on using artificial intelligence to rapidly buy and sell homes. He pointed to first quarter metrics around the company’s home inventory as an indication the business was on back on track, stating, “Performance is among the strongest in our 10+ year operating history.“
Q1 home purchases increased 45% quarter over quarter, and was at levels not seen since 2022. That said, Q1 revenue totaled $720 million, down from $1.2 billion a year ago. This contributed to Opendoor’s net loss increasing to $173 million from a loss of $85 million in the prior year.
While the Q1 results show some promise in the new strategy, investors may want to wait for subsequent quarterly performance before deciding if the AI-driven approach makes Opendoor stock worth owning.
Robert Izquierdo has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Key Takeaways OPEN's October-January cohorts sold faster than comparable cohorts since the COVID-era housing market.OPEN cuts homes listed over for 120 days to 10% in Q1 from 33% at 2025-end and 51% in Q3 2025.OPEN topped 5,000 contracts in Q1, as resale margin improved every month since September 2025. Opendoor Technologies Inc. (OPEN - Free Report) is showing early operational progress under its Opendoor 2.0 framework, with resale velocity emerging as a key measure of execution. In the first quarter of 2026, the company’s October through January cohorts were selling faster than comparable cohorts since the COVID-era housing market. The fourth-quarter 2025 and January 2026 cash acquisition cohorts also delivered the strongest combination of margin, margin stability and resale velocity in company history, excluding the COVID period.
Inventory quality was a central driver of the improvement. Homes on the market for more than 120 days declined to 10% at the end of the first quarter from 33% at year-end and 51% at the end of the third quarter of 2025. The improvement was supported by tighter underwriting, more disciplined close-to-listing execution and resale systems focused on moving homes more quickly while protecting unit economics. For OPEN, a fresher inventory base is critical because it can lower holding costs, reduce exposure to market volatility and improve capital efficiency.
The operating improvement was also visible in contribution margin and contract activity. Resale contribution margin has improved every month since September 2025, while OPEN entered into more than 5,000 contracts in the first quarter, its highest quarterly contract volume since 2022. A larger contract funnel gives the company more flexibility in acquisitions, supporting selectivity as purchase volumes scale.
The durability of this progress remains the key question. Housing conditions are still pressured by elevated mortgage rates, affordability constraints and high listings, limiting broader transaction activity. OPEN’s ability to sustain faster resale velocity as volumes rise will be central to determining whether Opendoor 2.0 can hold up in a weak housing market. Through 2026, inventory freshness, resale cadence, contract conversion and contribution-margin stability remain the primary indicators to monitor.
Opendoor’s Competitive Landscape: Zillow & OfferpadZillow Group, Inc. (Z - Free Report) provides a useful contrast to OPEN because its model is less exposed to inventory ownership, resale timing and home-price risk. In the first quarter of 2026, the company reported 18% year-over-year revenue growth despite a housing market that remained essentially flat, supported by growth across for sale, mortgages and rentals. Its integrated platform across search, touring, financing, agent collaboration and rentals gives Zillow a more capital-light way to participate in housing activity when transaction volumes remain pressured.
Offerpad Solutions Inc. (OPAD - Free Report) is a closer operating peer because it remains tied to cash offers and home-selling solutions. Like OPEN, Offerpad is emphasizing a cleaner, faster-turning portfolio and disciplined capital deployment. The company said aged inventory stood at fewer than 30 homes, down from fewer than 60 at the end of the fourth quarter, while its AI tools, SCOUT and HENRY, are being used to improve seller routing, acquisition precision, renovation estimates and disposition decisions.
Against this backdrop, OPEN’s competitive position rests on execution. Zillow offers a more diversified, capital-light housing platform, while Offerpad is pursuing disciplined transaction growth and faster portfolio turns. OPEN’s advantage lies in its larger contract funnel and improving inventory health, but the durability of Opendoor 2.0 will depend on whether the company can sustain faster resale cadence, protect contribution margins and keep inventory fresh amid housing weakness.
OPEN’s Stock Price Performance, Valuation & EstimatesShares of Opendoor have skyrocketed 547% in the past year against the industry’s 13.4% decline.
OPEN One-Year Price Performance
Image Source: Zacks Investment Research
From a valuation standpoint, OPEN trades at a forward price-to-sales (P/S) multiple of 0.82, significantly below the industry’s average of 3.72.
OPEN’s P/S Ratio (Forward 12-Month) vs. Industry
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for OPEN’s 2026 earnings implies a year-over-year uptick of 53.9%. Loss per share estimates for 2026 have remained unchanged in the past 60 days.
EPS Trend of OPEN Stock
Image Source: Zacks Investment Research
OPEN stock currently has a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Key Takeaways OPEN's shares have dropped 22.3% YTD amid elevated mortgage rates and weaker housing demand.Opendoor's profitability goals depend on faster inventory turnover and stable contribution margins.OPEN is expanding Mortgage and Cash Now, More Later products, but both remain early stage. Shares of Opendoor Technologies Inc. (OPEN - Free Report) have plunged 22.3% in the year-to-date period, trailing the Zacks Internet – Software industry, the broader Zacks Computer and Technology sector and even the S&P 500. On Monday, the stock closed at $4.53, below its 52-week high of $10.87 but well above the 52-week low of 51 cents. The detailed share price performance is shown in the chart below.
OPEN Stock Underperforms the Industry & the Market
Image Source: Zacks Investment Research
The company operates in a difficult housing environment marked by elevated mortgage rates, weaker affordability and softer housing demand. Although the company is seeing operational improvement under the Opendoor 2.0 model, the path toward profitability still depends on sustaining faster inventory turnover, stronger contribution margins and continued acquisition growth in a volatile market. Despite recent operational progress, elevated housing-market risks and an unproven long-term profitability profile raise concerns, making OPEN stock a risky bet for now. Here’s why it may be prudent for investors to sell the stock.
Elevated Mortgage Rates Pressure Opendoor’s Demand TrendsOpendoor faces pressure from elevated mortgage rates and weaker affordability conditions across the housing market. Management stated that mortgage rates remain “far too high,” while housing listings stay elevated, creating a difficult environment for housing demand and resale activity.
The difficult macro backdrop creates ongoing risk for OPEN’s resale margins and inventory performance. Higher mortgage rates reduce affordability for homebuyers, which can slow transaction activity and increase the risk of longer holding periods. Although resale velocity has improved under Opendoor 2.0, sustained weakness in housing demand could pressure acquisition economics and profitability targets.
OPEN’s Profitability Targets Rely on Consistent ExecutionOpendoor targets adjusted net income profitability on a forward 12-month basis by the end of 2026, but management also indicated that it still has “a lot left to prove.” The company stated that proof of the new operating model will require “more time, more reps, more shifts,” suggesting that recent improvements are still at an early stage.
The profitability outlook also depends on maintaining strong acquisition growth, faster resale velocity and stable contribution margins simultaneously. Management identified several metrics that could signal operational weakness, including slower acquisition growth, weaker cohort margins and rising inventory aging. Any deterioration across these areas could place additional pressure on profitability expectations over the coming quarters.
Opendoor’s New Growth Products Remain Early StageThe company is expanding products such as Opendoor Mortgage and Cash Now, More Later, but both initiatives remain early-stage businesses. Management stated that the company does not yet fully understand how the mortgage platform will perform across varying market conditions and home-price categories. Opendoor also keeps adjusting the Cash Now, More Later product to balance customer economics and platform profitability.
These offerings are expected to support platform growth and customer expansion, but execution risks remain elevated while the products evolve. If customer adoption weakens, margins deteriorate or operational complexity increases, these initiatives may not generate the expected long-term financial benefits.
Seasonal Housing Trends Could Pressure OPEN’s MarginsSeasonality remains an important risk factor for Opendoor’s operating performance. Management stated that days on market typically increase during the second half of the year, while margins generally compress during the fourth quarter. Acquisition activity is also adjusted around seasonal resale demand trends.
The seasonal slowdown creates additional inventory and pricing risk for the business. Longer resale cycles can increase holding costs, reduce pricing flexibility and pressure contribution margins. Although inventory health improved during the quarter, maintaining faster turnover rates may become more difficult if housing demand weakens further or market conditions deteriorate.
Competitive Landscape of OpendoorThe recent decline in Opendoor stock also needs to be assessed alongside how key peers are navigating the same housing and technology environment. Zillow Group (Z - Free Report) remains a major industry force and continues to influence digital real estate activity through large consumer traffic and the Premier Agent network. Although it stepped away from the iBuying model, Zillow Group still plays a key role in shaping online home search and data-driven discovery. This dynamic continues to push Opendoor to stand out through faster transactions and technology-based pricing models.
Offerpad Solutions Inc. (OPAD - Free Report) remains another direct participant in the iBuying space. The company operates with a more focused and localized strategy compared with Opendoor’s broader national scale. Offerpad Solutions has also been concentrating on improving pricing spreads and maintaining tighter operational control. These efforts reflect a broader industry focus on efficiency and disciplined growth as companies adjust to changing housing conditions.
OPEN Stock’s ValuationFrom a valuation standpoint, OPEN trades at a forward price-to-sales (P/S) multiple of 0.84, significantly below the industry’s average of 3.79. Conversely, industry players, such as Zillow Group and Offerpad Solutions, have P/S multiples of 2.66 and 0.08, respectively.
Image Source: Zacks Investment Research
Earnings Estimate Revision of OPENThe Zacks Consensus Estimate for OPEN’s 2026 earnings implies a year-over-year uptick of 53.9%. Loss per share estimates for 2026 have remained unchanged in the past 60 days.
Image Source: Zacks Investment Research
Conclusion: Sell Opendoor Stock for NowThe company is making operational improvements under its Opendoor 2.0 strategy, particularly in inventory management, resale velocity and acquisition growth. However, the business still operates in a highly uncertain housing environment where elevated mortgage rates, affordability pressure and seasonal demand swings continue to create risks for margins and long-term profitability. At the same time, several newer growth initiatives remain in the early stages and still need to prove scalability across different market conditions.
The company’s turnaround strategy also remains heavily dependent on flawless execution. Any slowdown in acquisition growth, deterioration in inventory turnover or renewed margin pressure could weigh on financial performance and investor sentiment. It is prudent for investors to exit investment from this Zacks Rank #4 (Sell) stock for now and consider re-evaluating once the margin trajectory stabilizes, as the company still needs to demonstrate more consistent profitability and sustained margin improvement.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The S&P 500 has rallied nearly 80% over the past five years, and it looks historically expensive at 32 times earnings. Therefore, it wouldn't be surprising if the market crashes this year and reduces that multiple to more sustainable levels.
If that happens, investors shouldn't panic and blindly sell all their stocks. Instead, they should recall Warren Buffett's maxim of being "greedy when others are fearful" and buy some promising long-term plays. I'd personally load up on these three stocks if the market crashes: Uber (UBER 2.24%), MercadoLibre (MELI 1.47%), and Opendoor (OPEN 1.01%).
Image source: Getty Images.
Uber From 2021 to 2025, Uber more than doubled its gross bookings from $90.4 billion to $193.5 billion, grew its monthly active platform consumers (MAPCs) from 118 million to 202 million, and increased its total trips from 6.4 billion to 13.6 billion. That expansion cemented its position as the world's top ride-hailing company and one of its largest food delivery companies.
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Uber's growth was driven by its expansion into the suburbs and overseas markets, its growing number of trips per user, and Uber Eats' integration of grocery and retail deliveries. It locked in more customers through Uber One, its subscription-based platform launched in late 2021, which reached 50 million subscribers in its latest quarter. It's also expanding its higher-margin advertising business with sponsored listings, merchant promotions, and in-car and in-app ads.
From 2025 to 2028, analysts expect Uber's revenue and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) to grow at CAGRs of 13% and 23%, respectively. Yet its stock still looks surprisingly cheap at 13 times this year's adjusted EBITDA, and it should have plenty of room to grow as its platform expands and evolves.
MercadoLibre MercadoLibre, Latin America's leading e-commerce and fintech company, operates its online marketplace across 19 Latin America countries. It generates most of its revenue in Brazil, Argentina, and Mexico, but is gradually expanding into smaller, higher-growth markets.
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From 2021 to 2025, MercadoLibre's net sales more than quadrupled as its net income grew over 24 times. Its e-commerce business served over 120 million annual unique active buyers at the end of 2025, while its fintech business -- which houses its Mercado Pago payments platform and other digital banking services -- continues to challenge conventional banks.
From 2025 to 2028, analysts expect MercadoLibre's revenue and adjusted EBITDA to grow at CAGRs of 29% and 24%, respectively. Those are impressive growth rates for a stock that trades at 18 times this year's adjusted EBITDA -- and it should continue to grow as the region's economic stability, income levels, and internet penetration improve.
Opendoor Opendoor is the largest instant home-buyer (iBuyer) in the United States. It makes instant AI-driven cash offers for homes, repairs them, and relists them on its own marketplace.
That business flourishes when low interest rates generate tailwinds for the housing market, but it fizzles out when interest rates rise -- as they did throughout 2022 and 2023. Even though the Fed cut its benchmark rates in 2024 and 2025, the housing market stayed chilly as mortgage rates remained high and macro headwinds throttled sales of new homes.
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That's why Opendoor's revenue plunged from a peak of $15.6 billion in 2022 to just $4.4 billion in 2025. It's also unprofitable. However, its stock looks undervalued at just over one times this year's sales -- so it might generate some massive gains over the next few years.
From 2025 to 2028, analysts expect Opendoor's revenue to grow at a 21% CAGR. They also expect its adjusted EBITDA to turn positive in 2027 and grow 47% in 2028. It's still a speculative stock, but it could be an underappreciated play on the stabilizing housing market.
SAN FRANCISCO, May 26, 2026 (GLOBE NEWSWIRE) -- NavigateAI today officially launches with $25mm in funding to build AI copilots for field workers. Aiming to drastically improve how physical spaces are built and maintained, launch partners include Lennar, Roofstock, and Tishman Speyer. The $25mm seed round was led by Elad Gil with participation from Khosla Ventures, Lennar, Tishman Speyer, and Helix Electric alongside angels including Zach Frankel (Ramp), Dallas Tanner (Invitation Homes), Winston Weinberg (Harvey.ai), Jesse Zhang (Decagon), Tony Xu (DoorDash), and others.
The Mission
NavigateAI is building the trusted AI copilot for the physical world. NavigateAI puts an AI partner in the hands of every worker in the field, providing real-time upskilling, automating quality control, and helping teams build faster and cheaper.
A Builder Shortage That’s Compounding
In the US alone, $2.2T is spent annually on construction projects. Unfortunately, America has a shortage of hundreds of thousands of construction workers every year just to meet demand, and both the labor and skill gaps are accelerating. Alongside an aging population of workers, this is critical to address for four reasons:
Data centers. In our race for the most advanced AGI, we need faster data center construction.Housing. We have an affordability issue in housing, driven by high construction costs.The grid. The grid needs to be rebuilt to handle the demand from EVs, AI compute, and electrification.Reshoring. Reshoring manufacturing has created a surge of unplanned labor demand. Field Copilots
NavigateAI is building a field-grade copilot for the labor market that powers how things get built, maintained, and delivered. Specifically, we are building an AI-native system that operates as an expert coach for every field worker that can improve speed, cost, and quality at the same time. The AI copilots enable:
AI Upskilling and Coaching. Provides real-time guidance from a copilot that operates as an expert and craftsman in each category.AI Project Scoping. Produces a complete scope of work, materials list, and cost estimate, driven by expertise and intelligence.AI Quality Control. Enables real-time quality control against code, spec, and the original scope, catching defects at the point of work rather than at final inspection.AI Knowledge On-Demand. Query codes, spec sheets, manufacturer manuals, and a company’s own playbooks in the field, with answers in seconds. Product Experience
NavigateAI runs in real time on any phone with a camera, giving field workers a second set of expert eyes. Through a partnership with Meta, the experience goes hands-free on Meta Glasses, where the copilot sees exactly what the worker sees. Field workers build and install while AI supports, instructs, and verifies their work.
“We have a generational opportunity to upskill millions of workers with AI at the exact moment the country needs to build more and faster,” says Eric Wu, founder and CEO. “We're building the AI copilot that will enable this workforce transition.”
Launch Partners
NavigateAI is deploying with design partners across asset management, homebuilding, commercial construction, and data center construction including:
Lennar - Leader in homebuildingRoofstock - Leader in property managementAIM - Large electrical trade schoolTishman Speyer - Leader in commercial real estate “The partnership between Lennar and NavigateAI is designed to put modern technology shoulder to shoulder with our talented Trade Partners as we build the homes America needs with the high quality America expects,” says Stuart Miller, CEO of Lennar Corporation. “NavigateAI puts a quality-first AI copilot together with our workforce in the field, in order to raise the bar on quality for every family who moves into a Lennar home.”
The Team & Investors
NavigateAI is based in San Francisco with the founding team including builders and researchers from Opendoor, Stripe, DeepMind, Stanford, and Google. Eric Wu is the CEO and co-founder, who previously built and took public Opendoor (NASDAQ: OPEN), an online platform for buying and selling homes.
NavigateAI has raised $25mm in seed funding from investors across both venture capital and real estate.
Investors: Elad Gil, Khosla Ventures, Fifth WallStrategics: Lennar, Tishman Speyer, Helix ElectricAngels: Zach Frankel (Ramp), Dallas Tanner (Invitation Homes), Marcus Ridgway (Invitation Homes), Winston Weinberg (Harvey.ai), Gary Beasley (Roofstock), Jesse Zhang (Decagon), Apoorva Mehta (Instacart), Tony Xu (DoorDash), Logan Green (Lyft), Brian Armstrong, and more.
“Eric is one of the best founders I've backed multiple times now going after one of the biggest unsolved problems in the economy,” says Elad Gil, lead investor. “AI copilots for the physical world is the kind of application that will define the next era of AI.”
Looking Ahead
NavigateAI is building toward a future where every person who works in the physical world has an expert AI copilot. This capability is fundamental to expanding the skilled workforce at the pace the US now requires.
About NavigateAI
NavigateAI is building the AI copilot for the physical world. Founded in 2025, the company partners with leading owners, operators, builders, and trades teams to bring field-grade AI to the workers who build and maintain real assets. NavigateAI is based in San Francisco. Learn more at navigate.ai.
May 27, 2026 09:00 ET | Source: Opendoor Technologies Inc.
SAN FRANCISCO, May 27, 2026 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. (“Opendoor”) (Nasdaq: OPEN) announced today that it has been selected for inclusion in the Russell 3000® Index as part of the 2026 annual reconstitution. This inclusion will become effective after the U.S. market closes on June 26, 2026.
Inclusion in the Russell 3000® Index typically means membership in either the large-cap Russell 1000® Index or the small-cap Russell 2000® Index, as well as in relevant growth and value style indexes. Investors can follow updates expected to be provided by FTSE Russell on May 29, June 5, June 12, and June 18.
About Opendoor
Opendoor exists to tilt the world in favor of homeowners by making homeownership simpler, faster, and fairer for everyone. Since 2014, Opendoor has given people a more convenient, more certain way to buy and sell a home, whether they already own or are working hard to become homeowners. Opendoor currently operates in markets across the U.S. For more information, please visit www.opendoor.com.
Opendoor Technologies Inc. is in the early stages of a challenging turnaround, with fundamentals and stock price both trending sideways. Revenue continues to decline, but OPEN management is positive about the future and ramping up property acquisitions, signaling a potential inflection point. OPEN trades at just 1.1x TTM revenue and 4.2x TTM unlevered pretax FCF, making it attractive if growth resumes.
Opendoor Technologies stock is charging ahead with explosive momentum. Why is OPEN stock up today? Russell 3000 Inclusion Fuels The RallyThe latest leg up follows Opendoor's confirmation that it has been selected for inclusion in the Russell 3000 Index as part of the 2026 annual reconstitution. The company said the change will become official after the market closes on June 26.
Opendoor explained that joining the Russell 3000 typically places a company into either the Russell 1000 or Russell 2000, along with the matching growth and value style indexes.
The Technical SideFrom a trend perspective, Opendoor is back above its short-term baselines, trading 6.6% above the 20-day SMA at $4.84 and 4.9% above the 50-day SMA at $4.92, but it remains 13.4% below the 200-day SMA at $5.96. That mix often reads as "short-term recovery inside a longer-term repair job," especially with the 50-day SMA still below the 200-day SMA after the death cross in March.
Momentum is best framed through RSI, which is neutral at 48.62, suggesting the stock isn't stretched and still has room to trend if buyers keep control. RSI measures how extended a move is versus recent price action, and a mid-range reading typically aligns with range-to-early-trend conditions rather than exhaustion.
The next technical test is whether price can reclaim the intermediate trend area near the 100-day averages, with the stock sitting 0.6% below the 100-day SMA at $5.19. April marked both a swing high and a swing low, so traders often treat that month as a "decision zone," and the current bounce is effectively another attempt to build a higher base after May's break below support.
Key Resistance: $5.50 — a nearby round-number area where rebounds can stall before the stock can work back toward longer-term averages Key Support: $4.50 — a nearby level where buyers previously stepped in, and a drop back below it would weaken the current rebound structure OPEN Shares Are RisingOPEN Price Action: Opendoor shares were up 9.89% at $5.22 at the time of publication on Thursday, according to Benzinga Pro.
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Key Takeaways OPEN's Opendoor Mortgage is live in Colorado, with early attach rates running ahead of expectations.OPEN says its rates run about 100 bps below market, enabled by fewer legacy systems and lower costs.OPEN is pursuing licensing in just over 20 states and expects to roughly double that footprint by Q3 end. Opendoor Technologies Inc. (OPEN - Free Report) is testing mortgages as a potential conversion lever within its broader housing platform. Opendoor Mortgage is currently live in Colorado, with early attach rates running ahead of expectations. The product adds a buyer-side financing layer to OPEN’s platform at a time when elevated borrowing costs continue to pressure affordability and housing transaction activity.
The initiative is built on an AI-native mortgage platform designed to streamline processing and reduce the cost structure relative to traditional lending models. OPEN stated that its mortgage rates are currently running about 100 basis points below the market average, supported by fewer legacy systems and lower reliance on commission-driven sales infrastructure.
Mortgage also aligns with Opendoor’s broader focus on reducing transaction friction. The company has rebuilt parts of its buyer apps, messaging systems and offer pages, while also introducing tools aimed at improving the home transaction process.
For OPEN, the mortgage model’s value will likely depend on whether the lower-rate structure can support sustained buyer conversion as availability expands. The company is pursuing licensing in just over 20 states and expects to roughly double that footprint by the end of the third quarter.
Mortgage adoption will likely become an important metric to watch as OPEN expands beyond Colorado. If lower rates help improve buyer conversion, the product could reduce purchase friction and strengthen Opendoor’s buyer-side platform. However, the opportunity remains early, and evidence that attach rates can hold across more markets will be important before mortgages become a meaningful part of OPEN’s turnaround case.
Peer Comparisons: Zillow & OfferpadZillow Group, Inc. (ZG - Free Report) provides a relevant benchmark for OPEN because its mortgage business is already more developed within a broader housing platform. In the first quarter of 2026, Zillow’s mortgage revenues increased 56% year over year, while purchase loan origination volume rose 96% to a record $1.5 billion. Zillow also reported 4.3 million users enrolled in its Buyability tool, underscoring the role of affordability insights in identifying higher-intent buyers earlier in the purchase process.
Offerpad Solutions Inc. (OPAD - Free Report) provides a closer comparison on transaction conversion, although it does not offer the same mortgage-led benchmark as Zillow. Offerpad is using Cash Offer, Cash Offer Marketplace, Brokerage Services and Renovate to retain more sellers within its platform. Its AI tools, SCOUT and HENRY, are designed to improve seller routing, acquisition accuracy, renovation estimates and disposition decisions.
Against this backdrop, OPEN’s competitive position depends on execution. Zillow reflects a more mature mortgage-integrated platform, while Offerpad highlights the role of multiple home-selling channels in improving conversion. For OPEN, sustained attach rates beyond Colorado would strengthen the case for its lower-rate mortgage model as a buyer-conversion lever as the rollout expands.
OPEN’s Stock Price Performance, Valuation & EstimatesShares of Opendoor have skyrocketed 677.4% in the past year against the industry’s 11.4% decline.
OPEN One-Year Price Performance
Image Source: Zacks Investment Research
From a valuation standpoint, OPEN trades at a forward price-to-sales (P/S) multiple of 0.93, significantly below the industry’s average of 3.83.
OPEN’s P/S Ratio (Forward 12-Month) vs. Industry
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for OPEN’s 2026 earnings implies a year-over-year uptick of 53.9%. Loss per share estimates for 2026 have remained unchanged in the past 60 days.
EPS Trend of OPEN Stock
Image Source: Zacks Investment Research
OPEN stock currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Key Takeaways OPEN targets adjusted EBITDA profitability on a 12-month go-forward basis beginning in Q2 2026.Opendoor signed more than 5,000 acquisition contracts in Q1, its strongest quarterly volume since 2022.OPEN sees Q2 revenues to rise roughly 25% sequentially, margin mid-5%-7% and adjusted EBITDA near breakeven. Opendoor Technologies (OPEN - Free Report) is pursuing profitability under its Opendoor 2.0 framework in a housing market still constrained by elevated mortgage rates, affordability pressure and high listings. During the first quarter of 2026, the company reiterated its expectation of reaching adjusted EBITDA profitability on a 12-month go-forward basis beginning in the second quarter and adjusted net income profitability by the end of 2026.
The profitability target is supported by improving operating metrics under Opendoor 2.0. OPEN entered into more than 5,000 signed acquisition contracts in the first quarter, its strongest quarterly contract volume since 2022. Resale contribution margin has improved every month since September 2025, while homes on the market for more than 120 days declined to 10% from 51% two quarters earlier.
The second-quarter outlook provides an important checkpoint for the profitability case. OPEN expects revenues to grow approximately 25% sequentially, with contribution margin in the middle of its 5-7% target range. The company also expects adjusted EBITDA to be around breakeven, plus or minus a few million dollars, keeping near-term execution central to the profitability outlook.
The company’s model remains sensitive to holding periods, pricing accuracy and home-price exposure. A fresher inventory base and faster resale cadence can lower carrying costs, reduce market risk and support stronger unit economics in a weak transaction environment.
OPEN’s ability to generate EBITDA progress in a weak housing market will likely depend on whether Opendoor 2.0 can sustain higher contract conversion, faster resale velocity and fresher inventory as volumes scale. These factors can support contribution margin and operating leverage, making disciplined growth central to the company’s path through a difficult housing market.
Opendoor’s Competitor LandscapeZillow Group, Inc. (ZG - Free Report) provides a relevant benchmark for OPEN because it is using product integration and platform depth to support growth despite a weak housing backdrop without taking direct inventory risk. Zillow is expanding its integrated housing experience across search, touring, financing, agent collaboration and closing. Its recent and upcoming initiatives include the broader rollout of AI Mode, Zillow Pro, Preview listings and continued expansion of Zillow Home Loans’ affordability tools. These efforts are aimed at improving buyer engagement, agent productivity and transaction conversion as broader housing activity remains pressured.
Offerpad Solutions Inc. (OPAD - Free Report) provides a closer operating comparison because it remains exposed to home-selling execution, capital deployment and transaction conversion. To navigate the weak market, Offerpad is expanding its multi-solution platform across Cash Offer, Cash Offer Marketplace, Brokerage Services and Renovate. The company is also using SCOUT and HENRY to improve seller routing, acquisition precision, renovation estimates and disposition decisions. Its focus is on increasing conversion while preserving capital discipline, with management targeting roughly 1,000 transactions per quarter as the path to adjusted EBITDA breakeven.
Against this backdrop, OPEN’s positioning depends on whether Opendoor 2.0 can translate operating improvements into EBITDA progress as volumes scale. Zillow is leaning on a broader, capital-light platform to capture housing demand, while Offerpad is expanding seller-solution pathways and AI-enabled execution to improve conversion. OPEN’s differentiation will depend on how effectively it converts its larger contract funnel into profitable resale activity in a difficult housing market.
OPEN’s Stock Price Performance, Valuation & EstimatesShares of Opendoor have skyrocketed 744.5% in the past year against the industry’s 9% decline.
OPEN One-Year Price Performance
Image Source: Zacks Investment Research
From a valuation standpoint, OPEN trades at a forward price-to-sales (P/S) multiple of 0.92, significantly below the industry’s average of 4.02.
OPEN’s P/S Ratio (Forward 12-Month) vs. Industry
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for OPEN’s 2026 earnings implies a year-over-year uptick of 61.5%. Loss per share estimates for 2026 have narrowed in the past 30 days.
EPS Trend of OPEN Stock
Image Source: Zacks Investment Research
OPEN stock currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Opendoor Technologies (OPEN 1.01%), a digital home-selling platform, closed Tuesday at $5.41, up 1.88%. The stock moved higher as investors responded to news about its upcoming inclusion in the Russell 3000 index and are watching how index-driven inflows offset housing-market headwinds and ongoing losses.
The company’s trading volume reached 56.4 million shares, which is about 51% above compared with its three-month average of 37.4 million shares.
How the markets moved todayThe S&P 500 (^GSPC +0.37%) inched up 0.13% to 7,609.78, while the Nasdaq Composite (^IXIC +0.17%) added 0.03% to finish at 27,094. Within real estate services, industry peers Zillow Group (Z 0.34%) closed at $36.37 (up 0.33%) and Offerpad Solutions (OPAD 3.18%) ended at $0.82 (down 1.20%), highlighting mixed sentiment across housing-related platforms.
What this means for investorsOpendoor Technologies shares rose after the company announced it will join the Russell 3000 Index following the market close on June 26, which serves as a near-term catalyst. While inclusion may drive index-related buying and increased trading activity, it does not alter the operational challenges facing the digital real estate platform amid a challenging housing market.
Opendoor reported first-quarter revenue of $720 million, which was higher than expected even though sales dropped 37.6% from last year. Adjusted EBITDA was still negative at $31 million. Investors will be watching to see if the company can break even on adjusted EBITDA in the second quarter and show enough home resales to back up its software and AI-focused turnaround plan.
Eric Trie has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Zillow Group. The Motley Fool has a disclosure policy.
In April of 2026, home sellers de-listed 5.8% of the homes for sale. That's up nearly 4% from May's de-listing rate and tied for the highest rate since March of 2020. Some states saw de-listing as high as 10%. This is a tough housing market, but home-flipper Opendoor (OPEN 1.01%) appears to be executing its turnaround plan without missing a beat.
The U.S. housing market is facing very real headwindsHouses get pulled from the market for various reasons. However, one of the biggest is that the seller isn't getting attractive offers from buyers. There are often house-specific reasons for that, but right now, there are also a lot of broad headwinds to consider, too.
Image source: Getty Images.
For example, mortgage rates are higher than they have been recently, and some fear interest rates could rise further in the near future. That makes it more expensive to buy a home. Consumers are feeling the pinch of inflation, limiting their buying power. House prices are fairly high, putting home ownership out of reach for many would-be buyers. And since sellers are usually loath to lower their selling price, there's a bit of an impasse. The housing market has been weak for some time.
Opendoor is executing well in a tough marketThis big-picture view of the housing market seems to run counter to Opendoor's first-quarter 2026 results. The home flipper's acquisition volume increased 45% from the fourth quarter of 2025. According to CEO Kaz Nejatian, "October, November, December, and January cohorts are selling faster than any corresponding cohort since COVID. Acquisition contracts are up 2x quarter-over-quarter."
So not only is Opendoor buying a lot of homes, but it is also selling them at a rapid clip, too. In fact, the number of homes the company has owned for 120 days or longer dropped from 33% at the end of the third quarter to 10%. That continues a trend, noting that the figure stood at a worrying 55% at the end of the third quarter in 2025. Opendoor believes the rate for the broader housing market is stuck at 33%.
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CEO Kaz Nejatian, who only joined the company last year, attributes the company's success to a shift of focus. Historically, Opendoor tried to anticipate the direction of the housing market. Now it is laser-focused on speed, trying to buy only homes it can quickly turn around and resell as it looks to make the homeselling/homebuying process easier for everyone involved. The new approach, which makes heavy use of artificial intelligence, is clearly working.
Notably, Opendoor has provided benchmarks for investors to monitor as it attempts to turn its business around. Increasing acquisition volume and reducing the number of homes held for more than 120 days are both key goals. It is executing well on those two goals and, frankly, all of the goals it has laid out, though the turnaround is far from complete. For example, the company is still losing money, which means it has yet to prove the most important thing of all: That a large-scale home flipping business can be sustainably profitable.
Opendoor is passing the housing stress testFor more aggressive growth investors, Opendoor's success amid broader housing market headwinds is impressive. It still has a lot to prove, but it has already proven a lot, too. If the housing market has you down, maybe you should dig into Opendoor (as an investment opportunity and/or as a potential way to sell your home).
Opendoor Technologies (NASDAQ:OPEN) is once again lighting up retail trading screens after a 588.38% one-year run that has turned a former penny stock into the housing trade of choice on r/wallstreetbets.
The iBuyer Math No Longer Works High borrowing costs are freezing residential transaction volume, and the low-margin iBuying model cannot survive a stalled housing market. The economics simply do not work when mortgage rates choke off turnover. Opendoor’s Q1 2026 revenue collapsed 38% year over year to $720 million, the GAAP net loss widened to $173 million from $85 million, and operating cash flow ran at negative $246 million. Full-year 2025 closed with a $1.3 billion net loss. Stock-based compensation surged to $120 million in the quarter, including $105 million in market-condition RSUs for the new CEO, even as shareholders absorbed the bleeding.
Management’s stated bull case is adjusted net income breakeven by the end of 2026. That is the goal: adjusted breakeven, well short of GAAP profitability. The stock trades at a forward P/E of 40x on earnings that do not yet exist, with a beta of 3.656 and zero dividend. Shares are down 22.3% year to date and Reddit sentiment flipped to “very bearish” on May 18, 2026. The crowd is finally noticing what the income statement has been screaming.
The Real Estate Monopoly Hiding in Plain Sight W. P. Carey (NYSE:WPC | WPC Price Prediction) is one of the largest diversified net-lease REITs in the world, and the structure of its business is the closest thing to a toll road that public equity markets offer retirement investors.
1. Triple-net leases shift every cost to the tenant. Corporate tenants pay all property maintenance, taxes, and insurance, leaving W. P. Carey to collect rent. The portfolio runs at 97.0% occupancy with a 12.1-year weighted-average lease term across more than 1,600 industrial, warehouse, and retail properties in the U.S. and Europe.
2. Inflation is built into the contracts. 48% of annualized base rent is linked to CPI escalators, with another 47% carrying fixed annual increases. Contractual same-store rent growth came in at 2.4%, and CEO Jason Fox told investors the company expects to “maintain an internal growth rate that’s among the best in the net lease sector.”
3. The dividend grows every quarter. The most recent payout climbed to $0.93 per share, paid April 15, 2026, the fifth consecutive quarterly increase. The annualized rate of $3.68 represents a 4.5% year-over-year hike, supporting a current yield near 4.89%. 2026 AFFO guidance of $5.13 to $5.23 per share implies low-to-mid 4% growth on top of an already-covered payout.
The stock has returned 17.31% year to date and 30.74% over the past year, with a beta of 0.783. Retirement capital benefits from predictable, contractual, inflation-protected cash flow from tenants legally obligated to pay.
WPC offers contractual, inflation-linked cash flow that the OPEN trade structurally cannot.
Low price points typically indicate high risks, but also, sometimes, great potential. I want to dive into a few stocks with single-digit prices that I think can move higher this year.
I think Opendoor Technologies (OPEN 1.01%), Grab Holdings (GRAB 1.34%), and Peloton Interactive (PTON 1.59%) can beat the market in 2026.
Image source: Getty Images.
1. Opendoor Flipping homes has been more likely to flip you over in recent years. Opendoor's prospects are feeling the pinch from the lack of inventory on the market, high mortgage rates that are keeping homeowners locked into their existing digs at lower financing costs, and younger Americans who are turning to rentals as annual home sales hover near 30-year lows.
Revenue is declining sharply for the fourth consecutive year. How bad have things been? Trailing revenue of $3.8 billion is 75% below the 2022 peak. And it's not just the top line getting slammed by a wrecking ball: Opendoor stock has plummeted 89% since peaking five years ago. This may not seem like much of a housewarming party for potential investors, but bear with me -- if you want to bull with me.
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The shakeout was brutal. The country's two largest real estate portals backed out of the e-buying market entirely a couple of years ago, but that's actually good news. Opendoor will have fewer rivals with deep pockets to bid against when the inevitable turnaround happens.
Opendoor has also been ramping up its property acquisitions. It expects revenue to rise 25% sequentially in the current quarter, which ends later this month. Just 10% of its inventory at the end of March had been on the market for more than 120 days, compared with a third of the total homes on the market.
Perhaps even more importantly, losses -- even on an adjusted basis -- have been par for the course since Opendoor went public in 2020. Operating improvements and the first whiffs of a recovery find Opendoor modeling positive adjusted forward earnings by the end of this year. This is what opportunity knocking sounds like.
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2. Grab Holdings Singapore's Grab Holdings is not a name stateside consumers know, but the regional superapp developer is a force in several Southeast Asian markets. The platform, which initially started as a ride-hailing service, has evolved over time to offer deliveries and financial services, including digital payments and loans.
Grab serves 51.6 million monthly transacting users, 16% more than its sticky audience a year earlier. Revenue rose by a better-than-expected 24% in the first quarter, which it reported last month (or 21% on a currency-adjusted basis). That's Grab's strongest top-line gain in two years. Its bottom line rose even faster.
Despite its improving fundamentals, Grab's stock has been cut nearly in half since peaking in the fall. Even if fuel surcharges eat into demand, what's the alternative in this global environment of rising costs? The stock is trading for 24 times next year's analyst profit target, a fair price to pay for a company growing revenue north of 20%, with earnings growing even faster.
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3. Peloton It might seem odd to close out this list with Peloton Interactive (PTON 1.59%), but maybe it's just its stationary bikes that aren't going anywhere. Yes, Peloton peaked in the early months of the pandemic. Gyms were closed, and Peloton offered a safe home-based proxy for those with the means to spring for its bikes and treadmills. Revenue has declined in the past four fiscal years, and that streak will probably stretch to five after fiscal 2026 wraps up at the end of this month.
An interesting financial footnote is that revenue rose 1% in the fiscal third quarter that ended in March. That might sound sad, but it's Peloton's strongest growth since late 2021.
Peloton is no longer a punchline. The shares are up 58% since bottoming out three months ago. It's still not too late to take a chance on this potential turnaround play. Its market cap is essentially the $2.4 billion it generated in trailing revenue. Peloton turned profitable in fiscal 2025, and now it's building on that. It's trading for 21 times what Wall Street pros expect it to earn in the new fiscal year that starts next month. Turns out there's nothing stationary about this bike.
Key Takeaways Opendoor is using automation and AI workflows under Opendoor 2.0 to support cost discipline.Opendoor said an AI repair-negotiation tool reduced buyer fall-through rates by double digits in Q1 2026.Opendoor said AI scoping cut pre-list renovation spend by 10 to 20 percent per home in pilot markets. Opendoor Technologies Inc. (OPEN - Free Report) is using automation and AI-enabled tools to support cost control under its Opendoor 2.0 framework. The company is focused on improving operating accuracy, reducing friction and maintaining expense discipline as contract volumes recover in a weak housing market.
In the first quarter of 2026, OPEN highlighted early efficiency gains across several operating areas. The company cited an AI-powered repair negotiation tool that reduced buyer fall-through rates by double digits. It also noted that AI scoping feedback helped lower pre-list renovation spend by 10-20% per home in pilot markets, while ticket-triage automation allowed three full-time employees to shift from classification work to resolution activity.
OPEN’s model remains sensitive to execution costs, resale timing and inventory quality. Lower renovation spend, fewer failed buyer transactions and faster internal processes can reduce operational leakage across the resale cycle. Fixed operating expenses were $33 million in the first quarter, down 15.4% year over year, further supporting the company’s cost-discipline efforts.
AI also supports OPEN’s broader effort to accelerate home turns. The company has rebuilt parts of its buyer apps, messaging systems and offer pages while using automation to improve inspection, repair and operational execution. Greater efficiency can support faster resale cadence and better inventory discipline — both of which are important to protecting contribution margins in a pressured housing market.
Automation’s margin contribution will likely depend on whether these early use cases can scale as acquisition volumes increase. If AI-enabled tools continue to reduce renovation costs, limit transaction fall-through and improve operating productivity, they could become a more durable support for OPEN’s contribution margins under Opendoor 2.0.
Opendoor’s Competitor LandscapeZillow Group, Inc. (ZG - Free Report) provides a relevant benchmark for AI-led operating efficiency, although its model is less exposed to inventory ownership and resale-cost risk than OPEN’s. Zillow is embedding AI across consumer search, agent workflows, loan officer tools and rentals, while also noting that engineers are shipping 40% more code per engineer at the same or higher quality. This highlights how AI can improve productivity across a housing platform, even though Zillow’s margin profile is less tied to renovation costs, resale timing and home-level execution.
Offerpad Solutions Inc. (OPAD - Free Report) provides a closer comparison for OPEN’s margin-focused AI opportunity. Offerpad is using SCOUT to improve seller intake, routing and acquisition accuracy, while HENRY is being expanded to support renovation estimates, listing prices, holding-time decisions and disposition strategy. The company also said cost per qualified lead declined 37% year over year, underscoring the role of AI-enabled workflows in improving conversion efficiency and cost discipline in a weak housing market.
Against this backdrop, OPEN’s AI strategy will be most relevant if it improves the economics of the resale process. Zillow shows how AI can support platform productivity at scale, while Offerpad highlights the use of AI in seller routing, renovation and asset-level decisions. For OPEN, automation’s contribution-margin impact will depend on whether it can consistently reduce repair costs, limit transaction leakage and improve operating productivity as acquisition volumes recover.
OPEN’s Stock Price Performance, Valuation & EstimatesShares of Opendoor have skyrocketed 680.5% in the past year against the industry’s 16.4% decline.
OPEN One-Year Price Performance
Image Source: Zacks Investment Research
From a valuation standpoint, OPEN trades at a forward price-to-sales (P/S) multiple of 0.80, significantly below the industry’s average of 3.80.
OPEN’s P/S Ratio (Forward 12-Month) vs. Industry
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for OPEN's 2026 loss per share suggests a 61.5% year-over-year improvement. Loss per share estimates for 2026 have narrowed in the past 30 days.
EPS Trend of OPEN Stock
Image Source: Zacks Investment Research
The ‘$500 Stock’ ThesisWith Opendoor currently trading near $4.34, Wall Street analysts have set modest price targets between $1 and $8, according to analysts tracked by Benzinga. Jackson, however, predicts OPEN could become a “$500 stock” over the next five to seven years, which represents 11,420.73% upside from the current levels.
His aggressive stance is rooted in a fundamental restructuring of the housing economy: the tokenization of real estate.
Following a meeting with Opendoor CEO Kaz Nejatian at the company's Toronto offices, Jackson outlined a “three-layer tokenization build” that separates land ownership from the physical structure, drastically lowering the cost of homeownership while opening real estate to deep institutional capital markets.
Why OPEN Rivals Tesla And ShopifyComparing the opportunity to earlier paradigm shifts, Jackson argues the math offers a “25-35x return from current price, against bounded downside at -100%.”
The Only ‘Publicly-Traded Operator’ PreparedWhile competitors like Rocket Companies Inc. (NYSE:RKT) have larger market caps, Jackson asserts Opendoor is the only company holding all four prerequisites for this transition.
The most critical advantage is “asset-class control”—taking direct possession of homes—alongside immense “pricing-data depth,” vertical integration, and an executive class with “crypto-native architecture experience.”
Because Opendoor actually buys the homes, they are uniquely positioned to host the “title-on-chain” infrastructure needed to deploy tokenization at scale. Jackson believes the market will eventually recognize this strategy, noting that the magnitude of the upside makes it a compelling, long-dated call.
How Has OPEN Performed In 2026?Shares of OPEN have declined by 25.56% year-to-date. It closed 0.70% higher at $4.34 apiece on Tuesday, and it was 0.92% lower in premarket on Wednesday.
Over the last month, OPEN stock was down 13.37%, and it fell 41.43% over the last six months, but it soared 666.78% over the year. Benzinga’s Edge Stock Rankings indicate that OPEN maintains a weak price trend in the medium, short, and long terms.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image via Shutterstock
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Opendoor, the San Francisco-based online home-buying platform, is shutting down its India operations less than two years after expanding its presence in the country. The decision has become a flashpoint in the debate over whether AI is starting to alter the economics of offshore work.
In announcing the decision on Wednesday, CEO Kaz Nejatian cited a push to bring operational work back to the U.S., where Opendoor’s customers are, and a shift toward smaller AI-native teams. The company did not respond to requests for comment on how many employees were affected or how much of the decision was driven by AI efficiency. But the announcement quickly gained traction across Silicon Valley, where founders, investors, and outsourcing experts see it as an early example of how AI is reshaping the economics that made India a global hub for back-office operations.
To understand why they care, it helps to know what’s at stake for India. It has evolved far beyond its roots as a destination for outsourced back-office work. The country is now the world’s largest Global Capability Center market — a term for dedicated offshore units multinationals set up to handle everything from IT and finance to R&D — with more than 2,100 centers employing about 2.36 million people and generating nearly $100 billion in annual revenue.
Opendoor had built a large team in India to handle manual workflows across fragmented systems, Nejatian said. The company had nearly 250 employees in India when it opened offices in Chennai and Bengaluru in 2024. But the entire company has been scaling back in recent years. Securities filings show Opendoor employed 1,042 people globally at the end of last year, compared with 1,470 a year earlier. Similarly, its non-U.S. workforce declined to 184 employees at the end of last year, compared with 342 employees at the end of 2024.
Those broader workforce reductions make it difficult to view the India closure solely through the lens of outsourcing. Opendoor has been cutting costs across the business after a difficult period for the U.S. housing market that hit online home-buying companies especially hard. Still, the language Nejatian used to explain the move resonated with investors and outsourcing analysts who see AI reshaping how companies organize operational work.
Some investors viewed the decision as a sign of what AI could mean for India’s vast outsourcing workforce. “As manual work gets replaced by AI, a lot of jobs will be lost in India,” wrote Sheel Mohnot, co-founder of Better Tomorrow Ventures.
Others viewed Opendoor as evidence of a larger shift in how companies are organized. Keshav Lohia, a venture capitalist at Emergent Ventures, described the decision as a “watershed moment” for AI-driven operations, arguing that advances in AI are beginning to challenge the cost-arbitrage model that made India a popular offshoring destination.
Phil Fersht, chief executive of HFS Research, an advisory firm that tracks the global outsourcing and business services industry, told TechCrunch that the development should not be viewed simply as jobs moving from India to the U.S. The more important shift, he said, is that AI is reducing the amount of operational labor companies require in the first place, allowing firms to run leaner organizations regardless of location.
“This is not an isolated restructuring,” Fersht said. “It is part of a much broader pattern we are starting to see as companies redesign operations around AI, automation, and much leaner workflows.”
Fersht argued that the winners would be companies that combine AI, software, and human expertise to deliver outcomes without continually adding headcount, a model he described as “services-as-software.” While Opendoor may be one of the first high-profile examples, he said it is unlikely to be the last.
Some investors are already extrapolating beyond individual companies. Varun Rekhi, a venture capitalist at Speedinvest, argued that if AI reduces demand for labor-intensive services, it could eventually pressure one of India’s most important export industries, which is built around supplying talent and expertise to global corporations.
For now, Opendoor remains a complicated case study — a company that has been cutting headcount broadly for years, and whose India exit may say as much about its own struggles as it does about the future of AI and offshore work.
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Jagmeet covers startups, tech policy-related updates, and all other major tech-centric developments from India for TechCrunch. He previously worked as a principal correspondent at NDTV.
You can contact or verify outreach from Jagmeet by emailing [email protected].
U.S.-based real estate firm Opendoor will shutter its India operations and lay off all 250 employees in the country as it shifts to greater use of AI, Chief Executive Kaz Nejatian said in a post on social media platform X on Thursday.
