Citi analyst Ygal Arounian raised the firm’s price target on Opendoor Technologies to $2 from $1.50 and keeps a Neutral rating on the shares ahead of the Q4 results. The analyst says housing macro indicators are stabilizing following months of rapid declines. However, there is still uncertainty in the near-term, the analyst tells investors in a research note.
Published first on TheFly
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Read More on OPEN:
- Opendoor Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
- Opendoor to Report Fourth Quarter 2022 Financial Results on February 23rd, 2023
- Redfin: Pending U.S. home sales dropped 32% y/y during four weeks ending Jan1
- Opendoor Technologies valuation remains attractive, says BTIG
- Opendoor Technologies cut to Hold at Truist on high inventory, price correction
