Key Points Opendoor stock is soaring because of a new CEO and board member changes. The company has a long way to go if it wants to improve its business model and generate a profit. After soaring 20x in a year, Opendoor stock is now overvalued. 10 stocks we like better than Opendoor Technologies › Opendoor Technologies (NASDAQ: OPEN) was left for dead. Then, it became a meme stock. The real estate platform is up over 500% this year and 20x off the lows set in June, recently surpassing $10 a share. ...

Key Takeaways OPEN is shifting to a distributed platform offering cash offers, listings, and hybrid sale models.Listing conversions rose 5x in pilots, with final offer rates doubling over the traditional approach.Adjusted EBITDA turned positive, but older inventory may weigh on margins in the near term.Opendoor Technologies Inc. (OPEN) is attempting its boldest pivot yet—moving from a single cash-offer product to a distributed platform that integrates agents directly into the selling journey. The strategy c ...