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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on OPEN:
- Salesforce downgraded, Starbucks initiated: Wall Street’s top analyst calls
- Opendoor Technologies price target raised to $4.50 from $2.20 at Citi
- Opendoor Technologies downgraded to Neutral from Buy at BTIG
- Unusually active option classes on open December 14th
- Microsoft initiated, Hertz downgraded: Wall Street’s top analyst calls