Keefe Bruyette Downgrades Opendoor Technologies (OPEN) to Underperform From Market Perform

Opendoor Technologies Inc. (NASDAQ:OPEN) is one of the most buzzing stocks to invest in right now. On August 13, Keefe Bruyette analyst Ryan Tomasello downgraded Opendoor Technologies Inc. (NASDAQ:OPEN) to Underperform from Market Perform, setting a $1 price target.

The rating downgrade came after Opendoor Technologies Inc. (NASDAQ:OPEN) reported its Q2 earnings miss.

The analyst told investors in a research note that while high retail interest may continue to support valuation, Keefe Bruyette is downgrading Opendoor Technologies Inc. (NASDAQ:OPEN) due to the expectation of a broader loss in H2 2025.

The analyst added that the firm expects uncertainty from the strategy pivot to affect the shares’ trading near the high end of historical multiples.

Headquartered in Tempe, AZ, Opendoor Technologies Inc. (NASDAQ:OPEN) buys, sells, and trades 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.

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Disclosure: None. This article is originally published at Insider Monkey.