Citi analyst Ygal Arounian lowered the firm’s price target on Opendoor Technologies to $2.20 from $2.70 and keeps a Neutral rating on the shares. The company reported Q3 revenue and homes sold below expectations and Q4 revenue and EBITDA guidance below consensus as well, the analyst tells investors in a research note.
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Read More on OPEN:
- Opendoor Technologies price target lowered to $3.50 from $5.00 at JMP Securities
- Opendoor Technologies sees Q4 revenue $800M-$850M, consensus $1.14B
- Opendoor Technologies reports Q3 EPS (16c), consensus (15c)
- Dana Hamilton joins Opendoor Board of Directors
- Opendoor Announces Third Quarter of 2023 Financial Results