30 Stocks That Should Double in 3 Years

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29. Opendoor Technologies Inc. (NASDAQ:OPEN)

Number of Hedge Fund Holders: 20

Opendoor Technologies Inc. (NASDAQ:OPEN) operates a digital platform for residential real estate transactions in the US. It also provides real estate brokerage, title insurance & settlement, escrow services, property & casualty insurance, real estate licenses, and construction services.

In 2024, despite macroeconomic headwinds, Opendoor purchased 30% more homes year-over-year. The contribution margin increased to 4.7%, which was an improvement from the negative 3.7% recorded in 2023. Recognizing the slower start to the 2025 spring selling season and persistent market depression, Opendoor Technologies Inc. (NASDAQ:OPEN) also began increasing spreads in January to better manage risk.

Opendoor is actively enhancing the customer experience to drive higher conversion rates. This includes improvements to its pricing models. Notably, ~70% of the company’s 2024 acquisitions originated from sellers who initially declined an offer but later accepted a refreshed one after re-engagement. For Q1 2025, the company anticipates revenue between $1 billion and $1.075 billion.

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