Citizens JMP Downgrades Opendoor Technologies Inc. (OPEN) from 'Market Outperform' to 'Market Perform'

By Faheem Tahir | July 09, 2025, 10:22 AM

Opendoor Technologies Inc. (NASDAQ:OPEN) is one of the best stocks for a quick return.

Citizens JMP Downgrades Opendoor Technologies Inc. (OPEN) from ‘Market Outperform’ to ‘Market Perform’
An aerial view of multiple modern high-rise commercial buildings, representing the company's wide-ranging real estate portfolio.

The company’s business model has moved away from its core iBuying model (where it directly buys and sells homes) to a more limited role as an agent-driven “backstop.” Citing this shift in the business model, Citizens JMP lowered its rating on OPEN from ‘Market Outperform’ to ‘Market Perform’ on June 28, 2025.

The analyst sees a potential upside for the company’s shares given that the new model works in their favor. However, concerns regarding Opendoor Technologies Inc.’s (NASDAQ:OPEN) high 3.92x debt-to-equity ratio remain.

Opendoor Technologies Inc. (NASDAQ:OPEN) leverages its platform to facilitate residential real estate transactions in the U.S., offering services including direct home sales, listings, title and escrow, and insurance. It is one of the best stocks to buy.

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.

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