Opendoor Technologies stock gains 2.99 percent as targets fall

Opendoor Technologies Inc. (ISIN US6837121036) closed at USD 2.76 on Nasdaq on September 22, 2026, up 2.99 percent from the prior close. The move came as analysts reduced targets while the latest operating figures showed revenue of USD 883 million and a net loss of USD 162 million in the second quarter of 2026.

Analysts lower their targets

According to StocksToTrade on September 22, 2026, JPMorgan cut its price target from USD 8 to USD 7 while retaining an Overweight rating. Alliance Global reduced its target from USD 7 to USD 5 and reiterated a Buy rating after weaker third-quarter trends and lower guidance, the same report said.

The target changes create a clear contrast with the share price. MarketBeat lists a consensus target of USD 4.76, with a high target of USD 8 and a low target of USD 1.40, while its consensus rating is Hold as of September 23, 2026. The spread between the low and high targets is USD 6.60, underscoring the wide range of expectations around the housing platform.

Revenue remains large, losses persist

Opendoor reported second-quarter 2026 revenue of USD 883 million and a net loss of USD 162 million, according to StocksToTrade. Gross margin was about 8.6 percent, while EBITDA remained negative, leaving profitability as the central operating issue.

The latest quarterly comparison is also unfavorable: MarketBeat reports that quarterly revenue was down 43.7 percent from the same quarter a year earlier, and second-quarter earnings per share were a loss of USD 0.17 versus a consensus loss of USD 0.07. That represents a USD 0.10 miss against expectations for the quarter released on August 4, 2026.

There is one measurable operating improvement. Zacks reported on September 22, 2026, that second-quarter acquisition contracts reached 6,908, up from 5,136 in the first quarter. The increase of 1,772 contracts matters because Opendoor expects fourth-quarter 2026 contribution margin to exceed the third-quarter level.

Stock remains below yearly high

MarketBeat shows a 52-week range of USD 2.52 to USD 9.69, placing the September 22 close USD 0.24 above the low and USD 6.93 below the high. The stock's market capitalization was USD 2.66 billion, with volume of 28.77 million shares on the quoted trading day.

The next earnings date is estimated as November 5, 2026, according to MarketBeat. That date gives the market a defined checkpoint for testing whether the expected margin improvement can offset the recent revenue decline and the continuing quarterly loss.

Opendoor Technologies stock closes at USD 2.76

Opendoor Technologies stock closed at USD 2.76 on Nasdaq on September 22, 2026, with a daily gain of 2.99 percent. The current evidence combines higher acquisition contracts with a USD 162 million quarterly loss and sharply divided analyst targets.

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