Where Will Opendoor Stock Be in 1 Year?

Core Insights - Opendoor Technologies has experienced significant stock price growth of 347% despite facing declining revenues and substantial losses [1][3] - The company is navigating a challenging real estate market, impacted by high mortgage rates and a slowdown in housing activity [3][6] Company Strategy - New CEO Kaz Nejatian has set three primary goals: scaling home acquisitions, improving unit economics, and building operating leverage [4] - The company is transitioning to position itself as a software and AI company, aiming to achieve breakeven on adjusted net income by the end of 2026 [4] Market Conditions - The housing market remains under pressure, but potential improvements could arise if interest rates decrease [6] - If the company can accelerate home buying and leverage quick turnarounds, it may generate higher revenue and reach its breakeven target [6] Financial Metrics - Current stock price is $7.00, with a market capitalization of $7 billion [5][7] - The stock has a price-to-sales ratio of just over 1, indicating potential for proportional stock price increases if revenue grows at double-digit rates [6]