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Opendoor Technologies Inc. (NASDAQ:OPEN) is one of the hot penny stocks to invest in now. In a report released on July 18, Ryan Tomasello from KBW maintained a Hold rating on Opendoor Technologies Inc. (NASDAQ:OPEN) with a price target of $1.00.
Opendoor Technologies Inc. (NASDAQ:OPEN) reported $1.2 billion in revenue in fiscal Q1 2025, down 2% compared to the same quarter last year. It sold 2,946 total homes in the quarter, a 4% drop from fiscal Q1 2024.
However, the company also reported $2.4 billion in inventory balance, representing 7,080 homes and up 26% compared to fiscal Q1 2024. Net loss for the quarter reached $85 million versus $109 million in the same quarter last year.
Opendoor Technologies Inc. (NASDAQ:OPEN) operates in the buying, selling, and trading of residential properties online.
While we acknowledge the potential of OPEN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
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