OPEN - This Massively Crushed Stock Could Skyrocket 72% This Year According to 1 Wall Street Analyst
2024-05-20 01:18:00 ET
Real estate companies have been absolutely crushed by inflation and the resulting hiked interest rates. Some are feeling it more than others, and digital real estate companies, which were supposed to be the industry disruptors, have been some of the worst hit.
Opendoor Technologies (NASDAQ: OPEN) is an iBuying company, which means it buys homes and resells them through its digital platform. It also has a massive marketplace for buyers to find homes and a large agent network. This is clearly not its best moment, and Opendoor stock is down 93% from its highs.
Is this just external headwinds? Or is Opendoor in trouble? At least one Wall Street analyst sees the stock heading much higher this year. Let's see why, and what investors should do with Opendoor stock.
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This Massively Crushed Stock Could Skyrocket 72% This Year, According to 1 Wall Street Analyst