Opendoor Stock Surges 467% in 2025 Amid Leadership Revamp

Opendoor Technologies Inc. (OPEN) has staged a remarkable turnaround in 2025, with its stock soaring 467% year-to-date after languishing as a penny stock for years. The real estate disruptor's shares have multiplied 17-fold from their 2024 lows, fueled by investor Optimism about its iBuying business model and recent management changes.

The company received an additional boost on September 10 with the appointment of Kaz Nejatian as CEO, poached from his role as COO at a major e-commerce software firm. Simultaneously, Opendoor announced the return of co-founders Keith Rabois and Eric Wu to its board of directors, signaling a comprehensive leadership overhaul.

Opendoor's Core iBuying operation—which purchases homes directly from sellers, renovates them, and quickly resells—requires precise execution to maintain profitability. While the model carries inherent risks, the company's dramatic stock recovery suggests markets are betting on its revitalized leadership to optimize operations.