Shares of Opendoor Technologies (OPEN) gained over 2% in pre-market trading on Tuesday, continuing their winning streak. Over the past five days, OPEN stock has surged nearly 60%. The online home-selling company has drawn strong interest from retail traders following a major leadership overhaul last week, which has fueled increased trading activity in recent days.
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For context, Opendoor Technologies is a digital platform that streamlines the process of home buying and selling.
What’s Happening with Opendoor?
Most recently, the company came under the spotlight after it named former Shopify (SHOP) COO Kaz Nejatian as its new CEO, with co-founders Keith Rabois and Eric Wu returning to the board. The leadership team highlighted plans to use AI tools to make home transactions easier and more predictable, supported by a fresh $40 million investment.
Moreover, following Chairman Rabois’ comments last week, calling the workforce “bloated” and hinting at possible job cuts, OPEN stock showed volatility. Despite this, the recent rebound indicates that investors are focusing on the long-term potential of Opendoor’s AI-driven strategy under the revamped executive team.
Meanwhile, Opendoor director Wu made a major investment by buying 451,127 shares, worth nearly $3 million. According to TipRanks’ Insider Trading tool, the recent activity signal is positive.
Options Traders Signal Bullish Trend in OPEN Stock
Opendoor stock closed around $9.49 on Monday, September 15. At the same time, options trading is about normal, with 1.15 million contracts changing hands. However, more people are buying calls than puts, showing a slightly bullish sentiment.
To simplify, calls are bets that the stock will rise, while puts bet it will fall.
Using TipRanks’ Options tool, we can also see Unusual Options Activity for OPEN, which is bullish. This happens when certain options are traded more than usual, often showing what big investors are doing and potentially signaling a significant move in the stock.
What’s Next for Investors?
Opendoor’s recent developments have boosted investor sentiment, but challenges remain. The near-term outlook for Opendoor is mixed. For Q3 2025, the company expects a contribution profit of $22 million to $29 million and an adjusted EBITDA loss of $28 million to $21 million. This signals a return to operating losses, even though contribution profit stays positive, reminding investors that consistent profitability is still uncertain.
Furthermore, Wall Street remains cautious, with few analysts downgrading the stock last month. Investors should watch upcoming earnings reports and updates from the new leadership to gauge Opendoor’s path to profitability. Given the volatility and mixed outlook, potential investors should proceed carefully and consider the risks of the company’s turnaround.
Is OPEN Stock a Good Buy?
Turning to Wall Street, analysts have a Moderate Sell consensus rating on OPEN stock based on one Buy, three Holds, and five Sells assigned in the past three months. Furthermore, the average OPEN stock price target of $1.44 per share implies 84.83% downside risk.
