Opendoor Technologies (OPEN) Gains on Strong Housing Data And Improved Unit Economics, Can It Go Higher?

Opendoor Technologies Inc. (NASDAQ:OPEN) is one of the Best Penny Stocks to Invest In According to Billionaires. Opendoor Technologies Inc. (NASDAQ:OPEN) has gained more than 18% over the past month, driven by strong housing data and improved unit economics. As of Q1 2026, 15 billionaire investors held the stock.

​The gains were also boosted by the company’s inclusion in the Russell 3000 index on May 27. The inclusion came into effect at market close on June 26, 2026. Moreover, Opendoor also posted strong results for its fiscal Q1 2026 earnings, released on May 8. During the quarter, the company posted $720 million in revenue and topped the consensus of $667.16 million. The EPS of negative $0.05 also came in ahead of the expected negative $0.06.

​Management noted signing its largest volume of home acquisition contracts since 2022. This was roughly double the previous quarter. Moreover, the company also highlighted that resale margins have improved every month since September 2025, with March 2026 posting the best contribution margin in nearly two years. Inventory health also improved sharply, and aged inventory dropped from 51% in Q3 2025 to just 10%.

​Following a quarter of record acquisition contracts, management expects to reach Adjusted EBITDA breakeven in Q2 2026 and aims for positive adjusted net income on a 12-month basis by year-end.

Opendoor Technologies Inc. (NASDAQ:OPEN) operates a digital platform that makes buying and selling homes easier and more cost-effective than traditional processes.

While we acknowledge the risk and potential of OPEN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than OPEN and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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