Morgan Stanley Hikes Opendoor (OPEN) PT to $6 Ahead of Q3 Earnings

Opendoor Technologies Inc. (NASDAQ:OPEN) is one of the stocks that should double in 3 years. On October 20, Morgan Stanley analyst Matthew Cost raised the price target on Opendoor Technologies to $6 from $2 and kept an Equal Weight rating on the shares. This sentiment came ahead of the company’s Q3 2025 earnings report, as the firm remains positive that Opendoor will capitalize on its current momentum.

Morgan Stanley is prioritizing evidence of GPU-enabled revenue and returns to overshadow narratives and drive performance. This refers to the winner and loser narratives around Generative AI swirling ahead of Q3 earnings for the internet group.

Opendoor Technologies Inc. (NASDAQ:OPEN) operates a digital platform for residential real estate transactions in the US. It buys and sells homes.

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.