Opendoor Technologies Inc.

NasdaqGS:OPEN Stock Report

Market Cap: US$5.2b

Opendoor Technologies Dividends and Buybacks

Dividend criteria checks 0/6

Opendoor Technologies does not have a record of paying a dividend.

Key information

n/a

Dividend yield

-26.5%

Buyback Yield

Total Shareholder Yield-26.5%
Future Dividend Yield0%
Dividend Growthn/a
Next dividend pay daten/a
Ex dividend daten/a
Dividend per sharen/a
Payout ration/a

Recent dividend and buyback updates

No updates

Recent updates

Narrative Update May 02

OPEN: Reset Playbook And Healthier Cohorts Will Drive Future Earnings Turnaround

Analysts have nudged their price target on Opendoor Technologies higher by $3.40, citing updated assumptions for slightly lower discount rates, modestly stronger revenue growth and profit margins, and a reduced future P/E multiple, supported by recent research that highlights improving acquisition trends and cautiously more optimistic long term margin expectations. Analyst Commentary Recent commentary frames Opendoor Technologies as a company in the middle of a reset, with analysts watching closely to see if the new playbook translates into consistent, profitable execution.
Narrative Update Apr 17

OPEN: Reset Will Still Face Profitability Test As Execution Remains Unproven

Analysts have raised their blended price target for Opendoor Technologies by about $3, reflecting updated models that incorporate slightly higher long term revenue growth and profit margin assumptions. This follows recent research indicating improving acquisition activity and more favorable margin commentary, while still emphasizing that it is too early to fully assess execution.
Narrative Update Apr 03

OPEN: Margin Cohorts And Acquisition Ramp Will Support Future Earnings Turnaround

Narrative Update Analysts have raised their price targets on Opendoor Technologies by a few dollars per share, citing higher assumptions for future gross margins and contribution margins. They still expect the company to report losses relative to management's goal of achieving positive adjusted net income by year end.
Narrative Update Mar 20

OPEN: Acquisition Reset And Margin Cohorts Will Drive Future Upside

Analysts have raised their price targets on Opendoor Technologies by about $3 to $4 per share, citing improving acquisition activity and higher assumed margins in future years. They still expect losses and view it as too early to confirm that the strategic reset is working.
Narrative Update Mar 05

OPEN: Reset Will Still Face Profitability Test Before Sentiment Improves

Analysts have raised their fair value estimate on Opendoor Technologies by $0.30, reflecting updated assumptions for revenue growth, profit margins, and future P/E after recent research highlighted improving acquisition trends and cautiously more constructive margin expectations, even as it remains early to judge the reset. Analyst Commentary Recent research has taken a cautious stance on Opendoor Technologies, with some firms highlighting that the current reset remains unproven in the reported numbers.
Seeking Alpha Feb 20

Opendoor Technologies Q4 FY2025 Earnings Review: Progress Should Continue

Summary Opendoor Technologies Inc. is in the early stages of a turnaround, with a new CEO and renewed internal confidence. OPEN’s revenue continues to decline, but strong cash flow and inventory reduction signal operational progress and a healthier balance sheet. The stock appears undervalued at around 1x TTM revenue and 5x TTM unlevered pretax FCF, with potential upside to $11–13 before a major correction. I remain long OPEN, expecting continued progress, and may add to my position following the recent earnings beat and positive market reaction. Read the full article on Seeking Alpha
Narrative Update Feb 19

OPEN: Fair Value View Will Rely On Executing Through Leadership And Index Changes

Narrative Update The updated analyst price target for Opendoor Technologies reflects a move of about $0.57. Analysts point to revised fair value assumptions, a slightly higher discount rate, modestly adjusted revenue growth and profit margin expectations, and a higher future P/E estimate as key drivers of the change.
Analysis Article Feb 08

The Market Doesn't Like What It Sees From Opendoor Technologies Inc.'s (NASDAQ:OPEN) Revenues Yet As Shares Tumble 33%

The Opendoor Technologies Inc. ( NASDAQ:OPEN ) share price has fared very poorly over the last month, falling by a...
Narrative Update Feb 05

OPEN: Offensive Home Buying Push And Index Moves Will Support Future Upside

Analysts have nudged their price targets on Opendoor Technologies higher by about $3, reflecting updated assumptions around slightly stronger revenue growth and modestly lower profit margins as the company leans into buying more homes faster at what they see as improved but still closely watched unit economics. Analyst Commentary Recent Street research highlights a mix of optimism and caution around Opendoor Technologies, with bullish analysts focusing on the potential payoff if the company can execute on its plan to buy more homes faster while maintaining disciplined pricing and unit economics.
Narrative Update Jan 22

OPEN: Offensive Home Buying Push Will Likely Fail To Justify Faith

Analysts have lifted their fair value estimate for Opendoor Technologies by about $0.78 per share, reflecting updated assumptions for slightly higher revenue growth, a modestly higher discount rate, and a higher future P/E multiple, while still flagging that achieving valuations closer to recent trading levels may require either volumes above prior peaks or a software type multiple on what they view as a low margin, capital intensive business. Analyst Commentary Bullish and bearish analysts are split on how much credit to give Opendoor Technologies for its latest playbook, particularly around buying more homes faster and aiming for better margins.
Narrative Update Jan 08

OPEN: Offensive Home Buying Shift Will Likely Struggle To Justify Faith

Analysts have raised their price target on Opendoor Technologies to about $5 per share. This reflects updated assumptions for revenue growth and a modestly lower future P/E, while cautioning that the company’s more aggressive home buying plans still require investors to take a lot on faith in a low margin, capital intensive model.
Narrative Update Dec 16

OPEN: Offensive Home Buying Shift Will Drive Higher Long-Term Earnings Power

Analysts have raised their fair value estimate for Opendoor Technologies from about $2.00 to roughly $8.00 per share, citing expectations for faster revenue growth and a higher future earnings multiple, despite lingering concerns over the risks of its more aggressive, capital intensive strategy. Analyst Commentary Recent analyst commentary highlights a growing willingness among bullish analysts to look past near term volatility and focus on Opendoor Technologies' potential to scale its platform efficiently.
Narrative Update Dec 02

OPEN: Faith In Offensive Shift Will Likely Face Tough Market Test

Analysts have raised their price target for Opendoor Technologies from $2.86 to $2.99 per share. They cite improved revenue growth expectations and cautious optimism around the company’s more aggressive strategy, while still noting ongoing concerns about profitability and operational risks.
Narrative Update Nov 18

OPEN: Aggressive Home Buying Approach Will Face Scalability And Profitability Challenges

Opendoor Technologies' analyst price target has been raised from $1.87 to $2.86 per share. Analysts cite expectations of improved revenue growth despite lingering concerns over the sustainability and scalability of the company's new, more aggressive strategy.
Analysis Article Nov 10

Opendoor Technologies Inc. (NASDAQ:OPEN) Just Reported And Analysts Have Been Lifting Their Price Targets

There's been a notable change in appetite for Opendoor Technologies Inc. ( NASDAQ:OPEN ) shares in the week since its...
Narrative Update Nov 03

OPEN: Widening Losses And Downgrades Will Weigh On Future Performance

Opendoor Technologies' analyst average price target has climbed modestly from approximately $1.71 to $1.87, as analysts weigh ongoing strategic challenges and widening losses, alongside sustained retail investor interest in the shares. Analyst Commentary Recent analyst reports have reflected a more cautious outlook on Opendoor Technologies.
Narrative Update Oct 20

Optimized Pricing And Cost Controls Will Secure Real Estate Success

Opendoor Technologies’ analyst price target has decreased from $1.14 to $1.71 per share as analysts cite concerns over widening losses for the remainder of the year and uncertainty surrounding the company’s strategic repositioning. Analyst Commentary Analysts have recently taken a more cautious tone on Opendoor Technologies, reflecting both challenges and opportunities facing the business as it navigates a highly uncertain environment.
Analysis Article Oct 19

Opendoor Technologies Inc.'s (NASDAQ:OPEN) 30% Dip In Price Shows Sentiment Is Matching Revenues

Opendoor Technologies Inc. ( NASDAQ:OPEN ) shares have retraced a considerable 30% in the last month, reversing a fair...
Analysis Article Sep 02

Improved Revenues Required Before Opendoor Technologies Inc. (NASDAQ:OPEN) Stock's 112% Jump Looks Justified

Opendoor Technologies Inc. ( NASDAQ:OPEN ) shares have continued their recent momentum with a 112% gain in the last...
Narrative Update Aug 07

High Mortgage Rates Will Challenge Valuations While Tech Upsides Unfold

Despite a substantial decline in consensus revenue growth forecasts and a higher future P/E ratio indicating increased valuation risk, the consensus analyst price target for Opendoor Technologies has been modestly raised from $1.17 to $1.23. What's in the News Opendoor received a Nasdaq notice for non-compliance with minimum $1.00 bid price; has 180 days to regain compliance, with possible additional 180-day extension and may conduct a reverse stock split if needed.
Seeking Alpha Mar 31

Opendoor Technologies' iBuying Problem Isn't Cyclical - It's Structural

Summary Opendoor's stock has plummeted 62% in the past year due to a struggling iBuying market and increasing competition. The company reported a Q4 net loss of $113 million, with razor-thin profit margins and significant operating expenses. Despite solid liquidity, Opendoor's cash burn rate suggests a runway only into early 2026, with no clear path to profitability. My DCF model and Monte Carlo simulation indicate substantial downside risk, making Opendoor a "Sell" without significant market or business model improvements. Read the full article on Seeking Alpha
User avatar
New Narrative Mar 25

Optimized Pricing And Cost Controls Will Secure Real Estate Success

Optimizing contribution margins and aligning with macro indicators could improve net margins and maintain healthy unit economics.
Seeking Alpha Jan 18

Opendoor Technologies: Good Long-Term Potential, But Near-Term Risk Is High

Summary I recommend a neutral rating for Opendoor Technologies due to significant near-term macroeconomic challenges, including elevated mortgage rates and declining home sales. Opendoor's competitive advantage lies in its scale, enabling it to aggregate pricing data and leverage economies of scale for competitive offers. Near-term risks include high mortgage rates, poor affordability, and declining home sales, impacting Opendoor's growth and leading to lower home acquisitions and poor guidance. While Opendoor's valuation appears cheap, the uncertain macroeconomic outlook and pressure on margins make it prudent to stay on the sidelines for now. Read the full article on Seeking Alpha
Seeking Alpha Dec 21

Opendoor Technologies: Minimal Recovery Catalysts - More Uncertainties In The Near-Term

Summary OPEN continues to face significant macroeconomic headwinds, including elevated mortgage rates and sticky inflation, impacting its near-term recovery prospects. Despite some improvements in profit margins and ongoing cost-saving measures, the company's cash burn and lowered revenue estimates suggest ongoing challenges. OPEN remains inherently undervalued, offering opportunistic investors with a potentially rich capital appreciation prospect, albeit possibly negated by aggressive short sellers. Given the potential volatility and lack of immediate recovery catalysts, we recommend observing from the sidelines for now. Read the full article on Seeking Alpha
Seeking Alpha Nov 20

Opendoor Technologies: Business Model Showing Signs Of Weaknesses

Summary Opendoor Technologies faces significant macroeconomic headwinds, including a challenging housing market and high-interest rates, which will likely continue to deteriorate its performance. Despite recent revenue growth, OPEN's business model remains capital-intensive with low margins, making it difficult to achieve profitability, especially in the current economic environment. OPEN's liquidity is severely strained, with a limited runway and potential need for additional funding, which could further dilute shareholder value. Valuation analysis suggests that OPEN's share price is still overvalued, with a potential downside of more than 30%, urging investors to remain cautious. Read the full article on Seeking Alpha
Seeking Alpha Oct 04

Opendoor: Left Behind By Recent Market Recovery - Maintain Speculative Buy

Summary OPEN's underwhelming FQ3'24 guidance has triggered its stock underperformance compared to its peers/wider market, despite the potential tailwinds from the Fed's recent pivot. Even so, the US average mortgage rates have been moderating, with RDFN already reporting a +68% MoM in mortgage-rate locks by September 23, 2024. Combined with the higher mortgage-purchase applications, we believe that OPEN may generate a robust FY2025 performance, if not earlier by FQ4'24. Even so, with the iBuying company already reporting expensive inventory levels in FQ2'24 and guiding impacted adj EBITDA margins in FQ3'24, its reversal is likely to be prolonged indeed. While OPEN may be trading very attractively with robust support levels at $2s, the speculative stock is only suitable for investors with higher risk tolerance and long-term investing trajectory. Read the full article on Seeking Alpha

Stability and Growth of Payments

Fetching dividends data

Stable Dividend: Insufficient data to determine if OPEN's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if OPEN's dividend payments have been increasing.


Dividend Yield vs Market

Opendoor Technologies Dividend Yield vs Market
How does OPEN dividend yield compare to the market?
SegmentDividend Yield
Company (OPEN)n/a
Market Bottom 25% (US)1.4%
Market Top 25% (US)4.2%
Industry Average (Real Estate)2.0%
Analyst forecast (OPEN) (up to 3 years)0%

Notable Dividend: Unable to evaluate OPEN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate OPEN's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate OPEN's payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as OPEN has not reported any payouts.


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/07 05:12
End of Day Share Price 2026/05/07 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Opendoor Technologies Inc. is covered by 20 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Gaurav MehtaAlliance Global Partners
Justin AgesBerenberg
Curtis NagleBofA Global Research