Eric Jackson isn't worried about the fate of the bull market. The hedge fund manager behind this year's Opendoor rally is bullish in the face of Tuesday's sell-off. He recently shared why he believes the market's strength will continue. Should investors be worried about the bull market running out of steam? Eric Jackson says no, even as stocks waver on Tuesday amid fears of unsustainable valuations. Jackson, who became a retail-trader hero this summer after boosting shares of Opendoor Technologies ...

Core Insights - Opendoor Technologies Inc. (OPEN) has demonstrated strong year-to-date performance attributed to a significant pivot in its business model, leading to a turnaround in market perception [1] Business Model Changes - The company has shifted its business model, which has positively impacted its market performance and investor sentiment [1]

Key Takeaways Opendoor expects Q3 revenues of $800M-$875M, down from $1.6B in the prior quarter.Older inventory and slower acquisitions are driving margin compression and EBITDA losses.Agent-led sales, hybrid products, and pricing tech are helping OPEN manage macro housing headwinds.Opendoor Technologies Inc. (OPEN) is set to report its third-quarter 2025 results on Nov. 6, 2025, with investors focused on how the company is navigating a tougher housing backdrop while executing its transformation toward a di ...

You want to bet against a team full of these people?Couldn't be me.$OPEN https://t.co/6guuRk57Yr ...

Group 1 - Opendoor Technologies Inc. (NASDAQ:OPEN) is recognized as one of the 12 best performing stocks over the last three months [1] - Morgan Stanley has reiterated a Hold rating on Opendoor and raised the price target from $2 to $6 [1] - The company is set to release its third quarter 2025 financial results on November 6 [1] Group 2 - Opendoor will adopt a new format for presenting its quarterly earnings, replacing the traditional earnings call with a "Financial Open House" [2] - This new format will be livestreamed on platforms such as Robinhood, X, YouTube, and the company's investor relations site [2] - Shareholders will have the opportunity to submit and upvote questions, with the most popular ones being answered live during the Q&A session [3] Group 3 - Opendoor operates a digital platform for residential real estate transactions, simplifying the process of buying and selling homes [3]

Core Insights - Opendoor Technologies is transitioning to a distributed platform strategy, moving from a single-product iBuyer to a multi-offering, agent-led model, aiming for a more sustainable profitability engine [1][4] Financial Performance - In Q2 2025, Opendoor generated $1.6 billion in revenue and achieved its first positive adjusted EBITDA since 2022, amounting to $23 million with a 1.5% margin [2][9] - Contribution Profit reached $69 million, reflecting a 4.4% margin, despite challenges from older inventory [2] Strategic Developments - The rollout of Opendoor's platform allows partner agents to operate in all active markets, offering sellers various options, including cash offers and hybrid products [3] - Early engagement with agents has doubled the rate of customers receiving final cash offers and increased listing conversions by approximately five times compared to previous methods [3] Market Outlook - While the full impact of the new strategy may not be realized until 2026, Opendoor is positioning itself for a more resilient business model that is less reliant on home price fluctuations [4] - Short-term guidance indicates a potential decline in Q3 2025 revenue and negative EBITDA due to ongoing platform ramping and macroeconomic challenges [4] Competitive Landscape - Zillow and Offerpad are key competitors, with Zillow leveraging its consumer traffic and AI-driven services to enhance its marketplace position [5] - Offerpad is closely aligned with Opendoor's iBuyer model and is expanding into similar hybrid transaction services, intensifying competition as Opendoor scales its platform [6] Stock Performance and Valuation - Opendoor's stock has increased by 315.8% over the past three months, significantly outperforming the industry average of 0.5% [7] - The company trades at a forward price-to-sales (P/S) multiple of 1.17, well below the industry average of 5.66X [10] Earnings Estimates - The Zacks Consensus Estimate for Opendoor's 2025 loss per share remains at 24 cents, indicating an improvement from a loss of 37 cents per share in the previous year [11]

Core Viewpoint - Opendoor Technologies Inc. is transforming its quarterly earnings presentation into a "Financial Open House," utilizing livestreaming on Robinhood to enhance shareholder engagement and transparency [1][5]. Group 1: Earnings Presentation Format - The new format will debut on November 6, 2025, at 2:00 PM PT / 5:00 PM ET, allowing shareholders to ask questions in real-time [1][8]. - This approach contrasts with traditional earnings calls, where shareholders typically lack the opportunity to engage directly with company executives [2][3]. Group 2: Shareholder Engagement - The presentation will feature CEO Kaz Nejatian and Interim CFO Christy Schwartz, with a pre-recorded segment covering Q3 2025 financial results followed by a live Q&A session [4]. - Shareholders can submit and upvote questions until November 5, ensuring that the most relevant inquiries are addressed during the live session [4][8]. Group 3: Corporate Philosophy - The company emphasizes the importance of transparency and accessibility in communications with shareholders, aiming to modernize investor relations [4][6]. - Nejatian stated that the goal is to create a straightforward and inclusive experience for shareholders, eliminating barriers such as dial-in codes and gatekeepers [4][5]. Group 4: Future Implications - Opendoor plans to share insights gained from this initiative with other public companies, advocating for a shift in how earnings calls are conducted across the industry [6]. - The company believes that this model should become the standard for public companies, focusing on the needs of actual shareholders rather than a select group of analysts [6].

Core Insights - Seven real estate stocks to watch include American Tower, Opendoor Technologies, Alexandria Real Estate Equities, Welltower, Blackstone, VICI Properties, and AGNC Investment, noted for their high trading volume recently [2] Company Summaries - **American Tower (AMT)**: A leading global REIT with over 224,000 communications sites and a significant presence in U.S. data center facilities [3] - **Opendoor Technologies (OPEN)**: Operates a digital platform for residential real estate transactions, offering services for homeowners to sell directly or list their homes [3] - **Alexandria Real Estate Equities (ARE)**: A life science REIT focused on collaborative life science and advanced technology campuses in key innovation areas [4] - **Welltower (WELL)**: A REIT transforming healthcare infrastructure by investing in seniors housing and health systems to enhance care delivery models [5] - **Blackstone (BX)**: An alternative asset management firm specializing in real estate and private equity, also providing capital markets services [6] - **VICI Properties (VICI)**: An experiential REIT with a portfolio of major gaming and hospitality destinations, including iconic Las Vegas properties [7] - **AGNC Investment (AGNC)**: A REIT investing in agency residential mortgage-backed securities, focusing on government-backed securities [7]

Group 1 - Opendoor Technologies Inc. has been identified as a stock that could potentially double in value over the next three years [1] - Morgan Stanley analyst Matthew Cost raised the price target for Opendoor from $2 to $6 while maintaining an Equal Weight rating ahead of the company's Q3 2025 earnings report [1][2] - The firm is optimistic about Opendoor's ability to leverage its current momentum in the residential real estate market [1] Group 2 - Opendoor operates a digital platform for residential real estate transactions in the US, focusing on buying and selling homes [2] - Morgan Stanley is emphasizing the importance of GPU-enabled revenue and returns, which may influence performance narratives in the context of Generative AI [2]

Company Outlook - The company remains very bullish on its future outlook [1] - The company anticipates interest rates to come down [1] - New management is implementing cultural changes [1] - The product is evolving to solve the market problem [1] Investment Strategy - No shares of $OPEN have been sold [1] - Value is created during the holding period [1]