KBW Maintains a Hold on Opendoor Technologies (OPEN)

Opendoor Technologies Inc. (NASDAQ:OPEN) is one of the hot penny stocks to invest in nowIn a report released on July 18, Ryan Tomasello from KBW maintained a Hold rating on Opendoor Technologies Inc. (NASDAQ:OPEN) with a price target of $1.00.

A real estate broker presenting pieces of paper describing the details of a home sale.

Opendoor Technologies Inc. (NASDAQ:OPEN) reported $1.2 billion in revenue in fiscal Q1 2025, down 2% compared to the same quarter last year. It sold 2,946 total homes in the quarter, a 4% drop from fiscal Q1 2024.

However, the company also reported $2.4 billion in inventory balance, representing 7,080 homes and up 26% compared to fiscal Q1 2024. Net loss for the quarter reached $85 million versus $109 million in the same quarter last year.

Opendoor Technologies Inc. (NASDAQ:OPEN) operates in the buying, selling, and trading of residential properties online.

While we acknowledge the potential of OPEN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than OPEN and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.