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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
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