Opendoor Technologies Stock: Buy, Sell, or Hold?
Opendoor Technologies (NASDAQ: OPEN) is recognized as an iBuying pioneer, making instant cash offers for homeowners to seamlessly navigate the real estate selling process.
Unfortunately, the company has not yet been able to translate the significant potential of this transaction model into a successful business. The stock is down a catastrophic 95% from its pandemic-era peak amid recurring losses and prolonged housing market weakness.
Still, the possibility that Opendoor finally gets its online platform system right and an improving market outlook could make shares a winner. Despite plenty of uncertainties in the outlook, the company's latest results highlighted some encouraging trends.
Source Fool.com
