How Big Is Opendoor's Opportunity? 2 Charts You Need to See
The concept of "iBuying," in which companies buy and sell homes to consumers, is becoming increasingly popular. Total iBuyer transactions topped 100,000 for the first time in 2021, a sign that consumers are increasingly receptive to selling their homes with the touch of a button.
Opendoor Technologies (NASDAQ: OPEN) is the leading company in the iBuyer industry, but the market remains unconvinced the business is sustainable as the stock is down nearly 70% over the past year. However, there's evidence Opendoor can succeed, including two eye-popping charts that illustrate just how well the stock could do over the long term if the company can execute.
The biggest concern about the iBuyer business model is whether or not it can be profitable. Indeed, Opendoor is not yet a profitable company. However, it's also very early in its growth story, so you need to look at trends to see where it could go in the future.
Source Fool.com
