BTIG Thinks Opendoor Technologies’ Stock is Going to Recover

BTIG analyst Jake Fuller maintained a Buy rating on Opendoor Technologies (OPENResearch Report) yesterday and set a price target of $15.00. The company’s shares closed last Friday at $6.71, close to its 52-week low of $6.16.

According to TipRanks.com, Fuller is a 4-star analyst with an average return of 6.8% and a 49.5% success rate. Fuller covers the Services sector, focusing on stocks such as Booking Holdings, TripAdvisor, and Expedia.

Currently, the analyst consensus on Opendoor Technologies is a Moderate Buy with an average price target of $14.71, an 84.8% upside from current levels. In a report issued on May 2, Wedbush also maintained a Buy rating on the stock with a $11.00 price target.

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Based on Opendoor Technologies’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.82 billion and GAAP net loss of $191 million. In comparison, last year the company earned revenue of $249 million and had a GAAP net loss of $54.03 million.

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Social Capital Hedosophia Holdings Corp II is a blank check company. It is formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.

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