A technology stock that has long been overlooked is poised to become a silent giant. Operating in the field of real estate technology Opendoor Technologies (OPEN)has re-entered investors' radar in the past month, moving its shares up nearly 200%. The stock, which gained 10.8% on Thursday and close to 20% on Friday, is once again at the center of “big turnaround” scenarios.
But this upswing is not just a movement reflected in the price chart. In the background there is both a fundamental transformation of the business model and a serious break in investor perception.
Opendoor is a brand that redesigns traditional real estate sales processes from start to finish by digitizing traditional real estate sales processes PropTech (Property Technology) is a company.
The company's business model works as follows:
This approach is in the industry.”iBuyer modelThe name is given. Although giants such as Redfin and Zillow for a while got into this model, they backed out due to operational difficulties. So Opendoor, in this area rare and leading player It was left alone in the market.
So today Opendoor, real estate buying and selling just as Amazon transformed retail a structure that seeks to simplify with technology.
Attention in the investment world on Monday, well-known name Eric Jackson (baseball)Translated to Opendoor via social media sharing. Jackson, founder of EMJ Capital, made the following prediction:
“In the next few years, Opendoor's revenue could reach $12 billion. If the market gives this success a 5x multiplier (as in 2021), the stock will reach $82. There is a potential of 100x from the current level.”
After this announcement, the interest of individual investors almost exploded. The stock doubled in just a few days. When the market is open on Friday It climbed to $1.98.
Shares for a long time, according to Jackson incorrectly priced. The late arrival of investors to this awareness is now triggering a strong correction movement:
“It's not just a multifold increase. If market psychology changes, a much larger movement may be possible.”
In summary: Stock markets can sometimes be wrong in pricing. But when investor perception returns, stories are rewritten.
Although ambitious forecasts such as 100x sound tempting, in such small-market valued stocks Risks are high, Fluctuations hard could be. How close Opendoor can approach financial projections in the coming quarters and the overall health of the U.S. housing market will determine the course of this story.
Yet here's a fact: Investors are now talking about this stock. And very loudly.
Opendoor, OPEN stock, iBuyer model, Eric Jackson, Zillow, Redfin, residential technology, stock analysis, high potential stocks
⚖️ Yasal Uyarı:Bu içerik yatırım tavsiyesi niteliği taşımaz. Yatırımlarınızla ilgili kararlarınızı kendi araştırmalarınız ve risk profilinize göre almanız önerilir.
Opendoor, OPEN stock, iBuyer model, Eric Jackson, Zillow, Redfin, residential technology, stock analysis, high potential stocks