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What is Wall Street's Target Price for Opendoor Technologies Inc (OPEN) Stock Friday?

Friday, January 21, 2022 10:44 AM | InvestorsObserver Analysts
What is Wall Street's Target Price for Opendoor Technologies Inc (OPEN) Stock Friday?

Analysts who follow Opendoor Technologies Inc (OPEN) on average expect it to rise 229.88% over the next twelve months. Those same analysts give the stock an average rating of Strong Buy. That average rating earns Opendoor Technologies Inc an Analyst Ranking of 58, which means it ranks higher than 58 of stocks, based on data compiled by InvestorsObserver.

Overall Score - 4.6
Wall Street analysts are rating OPEN a Strong Buy today. Find out what this means to you and get the rest of the rankings on OPEN!

Why are Analyst Ratings Important?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions **before** a quarterly report that could be worse than expected. InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.

What's Happening With Opendoor Technologies Inc Stock Today?

Opendoor Technologies Inc (OPEN) stock is trading at $9.64 as of 10:33 AM on Friday, Jan 21, a decline of -$0.11, or -1.13% from the previous closing price of $9.75. The stock has traded between $9.30 and $10.04 so far today. Volume today is below average. So far 3,975,714 shares have traded compared to average volume of 11,779,683 shares. Click Here to get the full Stock Report for Opendoor Technologies Inc stock.

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