Opendoor Is Up 231% in 2023 -- Is It a Buy?

By Matt Frankel and Tyler Crowe – Sep 12, 2023 at 6:21AM

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 iBuying leader has rebounded sharply from the lows, but should investors still be skeptical?

After plunging by more than 95% from its all-time highs in 2022, real estate technology company Opendoor (OPEN 3.38%) has more than tripled so far in 2023. Is the iBuying business worth a closer look, or should investors still be skeptical?

*Stock prices used were the afternoon prices of Sept. 7, 2023. The video was published on Sept. 8, 2023.

Matthew Frankel, CFP® has positions in Offerpad Solutions. Tyler Crowe has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Offerpad Solutions and 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.