4 Important Earnings Takeaways From Opendoor Technologies

Real estate technology company Opendoor Technologies (NASDAQ: OPEN) has been one of the best-performing stocks in the market recently. The clear leader in the iBuying industry, Opendoor recently attracted the attention of meme stock traders, which was fueled by hedge fund manager Eric Jackson posting a bullish investment thesis and projecting Opendoor could become a "100-bagger" in just a few years.At the time, Opendoor traded for about $0.82 per share, so this implied an $82 price target.To be fair, there has been some good news in recent weeks. Because the rally pushed Opendoor's share price well above $1, the company regained compliance with Nasdaq listing requirements, and canceled a scheduled special meeting to approve a possible reverse split.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool