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Benzinga

Business

Priya Nigam

Why This Analyst Is Worried About Opendoor's iBuying Model In 2022

Opendoor Technologies BofA Securities Opendoor Technologies Inc

While Opendoor Technologies Inc (NASDAQ:OPEN) had strong revenues and increasing potential to gain market share, the iBuying model is “inherently risky, low margin, and capital intensive,” according to BofA Securities.

The Opendoor Technologies Analyst: Curtis Nagle initiated coverage of Opendoor Technologies with an Underperform rating and a price target of $8.

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