Opendoor Technologies Inc (OPEN)
NASDAQReal EstateReal Estate - ServicesSnapshot 2026-09-15
$2.65-5.02%
Close 2026-09-15 · 1-day change
NASDAQReal EstateReal Estate - ServicesSnapshot 2026-09-15
Research Workspace
Put OPEN beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Real Estate is in steady. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
Primary pillar broken — Achieve Adjusted EBITDA breakeven by Q2 2026: Q2 FY26 Adj EBITDA -0.17 vs 0.0 target.
View ThesisRevenue is contracting — down about 37% over the past year.
View GrowthRanks among the strongest in its industry on quality — around the top 13%.
View QualityMiddle-of-the-pack management execution.
View ManagementExpectations look reasonable — what the market is pricing in sits in line with or below what analysts forecast.
View ValuationThis stock is volatile — it swings about 3% on a typical day and fell roughly 73% in its worst 12-month stretch.
View RiskOpendoor's growth relies on successfully scaling home acquisitions and contracts. Revenue has been weak, with a significant earnings miss in Q2 FY26, reporting -0.17 against a target of 0.0. It trades at 0.8× price-to-sales, below the peer median of 0.9×. This suggests the price reflects less growth than anticipated. The primary risk is the company's inability to achieve adjusted EBITDA breakeven by Q2 2026, which has already broken a key pillar of the thesis. Peer multiples imply a price about 13% above where it trades. This read is provisional.
Trailing returns as of 2026-09-15. OPEN is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 9 analysts currently covering OPEN (as of Sep 2026).
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
Continue this research
Compare OPEN with peers and holdings, graph the same reported metric, keep your questions beside the evidence, and return when the facts change.
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| OPEN Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 1 valuation methods, at three horizons. As of 2026-09-15. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Real Estate Services — fair value, gap to price, and forward P/E.
Compare the value case
Put OPEN next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Advances: Scale home acquisitions and acquisition contracts
New service supports scaling home acquisitions and contracts.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-09-15. EPS is implied from price ÷ P/E. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Bottom 25% on quality vs scored peers
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
TTM earnings are negative. P/E-based methods drop out and the estimate leans on sales- and cash-flow-based methods. A data condition, not a forward call.
Advances: Enhance capital structure with growth capital and share repurchase
Share repurchase enhances capital structure and signals confidence.
