
Opendoor Technologies (NASDAQ:OPEN) shares slipped on Wednesday as the home-flipping platform’s weaker-than-expected guidance and shift to an agent-led sales model deepened concerns over mounting losses and strategic direction despite a return to profitability last quarter.
Keefe, Bruyette & Woods analyst Ryan Tomasello downgraded the stock from Market Perform to Underperform on Tuesday, maintaining a $1 price forecast.