Opendoor Has Tripled in 2023 -- Is It Still a Buy?

By Matt Frankel and Tyler Crowe – Jul 5, 2023 at 3:52PM

NASDAQ: OPEN

Opendoor Technologies

Market Cap

$1B

Today's Change

(3.38%) $0.07

Current Price

$2.14

Price as of April 26, 2024, 4:00 p.m. ET

The real estate disruptor is one of the best-performing stocks in the market through the first half of 2023.

After an awful year in 2022, real estate iBuyer Opendoor Technologies (OPEN 3.38%) has come back to life in 2023, with the stock more than tripling through the first half of the year. In this video, I discuss with colleague Tyler Crowe why the stock has performed so well and what could keep it moving higher.

*Stock prices used were the afternoon prices of July 3, 2023. The video was published on July 5, 2023.

Matthew Frankel, CFP® has no position in any of the stocks mentioned. Tyler Crowe has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Opendoor Technologies. The Motley Fool has a disclosure policy.

Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.