JMP Securities lowered the firm’s price target on Opendoor Technologies to $4.50 from $5 and keeps an Outperform rating on the shares. Opendoor Technologies delivered solid Q4 results, with both top- and bottom-line numbers finishing above consensus, and contribution profit also coming in ahead of the Street, but guidance for 1Q24 was softer than expected across the board, the analyst tells investors in a research note.
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