JMP Securities raised the firm’s price target on Opendoor Technologies to $5 from $3.50 and keeps an Outperform rating on the shares. 2023 proved to be a choppy year, characterized by liquidity concerns, cost reductions, margin expansion, and ending the year with an eye for the timeline to top-line growth, and the firm sees many of the same factors in focus for 2024, the analyst tells investors in a research note.
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