Opendoor Technologies Inc. Price & Performance (OPEN)

Opendoor Technologies stock tumbled 23% this week as housing sales hit their lowest point since 2009. Rising mortgage rates and persistent high home prices have deterred buyers, leading to increased inventory but sluggish sales. Investors remain cautious about further challenges for Opendoor amid ongoing economic uncertainty.123

JMP Securities cut Opendoor's price target to $1.75, citing ongoing revenue declines and a heavy $2.3 billion debt load. The company’s stock has dropped nearly 43% year-to-date as macroeconomic headwinds and a weak housing market outlook weigh on its ability to manage inventory and regain market share.456

Opendoor’s stock now trades near its five-year low, with valuation metrics suggesting possible undervaluation. However, financial health concerns—such as a low Altman Z-score and rising inventory—signal significant risk. While potential tariff policy changes could help, investors should remain wary given the company’s unstable outlook.378