BTIG analyst Jake Fuller raised the firm’s price target on Opendoor Technologies to $4.50 from $3.00 and keeps a Buy rating on the shares as part of a broader research note on e-Realty. The company looks to be tracking ahead on Q2 sales and the firm is seeing double-digit spreads on newer cohort homes, but purchase volume is muted and it isn’t buying enough to reach EBITDA break-even in the second half of the year, the analyst tells investors in a research note.
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