Opendoor Technologies Stock Skyrockets Again – Here’s Why

Another day, another moonshot for Opendoor’s stock. The iBuying disruptor’s shares are charging higher—again—as Wall Street plays catch-up with the company’s tech-driven real estate revolution.

The algorithm wins again

Opendoor’s proprietary pricing models and instant-offer platform continue eating traditional realtors’ lunch. No emotional haggling, no 45-day closing nightmares—just cold, hard data slicing through the housing market’s inefficiencies.

Short squeeze or sustainable growth?

While skeptics cry ‘overvalued tech play,’ the numbers don’t lie: transaction volumes keep climbing as digital-native buyers flock to painless home-flipping. (And let’s be honest—after watching Zillow’s iBuying faceplant, analysts love a redemption story.)

One thing’s certain: in a market where most proptech plays still burn cash like VC-funded bonfires, Opendoor’s latest surge proves even old-school asset classes can get disrupted. Whether that justifies today’s P/E ratio? Well… that’s why they call it speculative trading.

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Opendoor surges again

There was no major news out today directly affecting Opendoor, but the combination of last Friday's jobs report, which boosted expectations that the Fed WOULD cut interest rates at its next meeting, and strong call-buying activity ahead of tomorrow's earnings report was enough to fuel the stock's gains again.

Opendoor stock had soared in July on meme-driven trading that seemed to be based on the argument that the stock could be the next, which jumped more than 100-fold since late 2022 after avoiding bankruptcy.

The bull case for Opendoor certainly gets stronger if mortgage rates fall, as the company has struggled with the sluggish housing market. It's unclear if its business model, which relies on flipping houses and collecting service fees, can be consistently profitable as competitors likeandhave bowed out of the iBuying race. While that arguably creates a path for Opendoor, it also shows that other seasoned real estate companies have assessed the iBuying business and decided it wasn't worth it as a business.

What's next for Opendoor

The stock is likely to remain volatile through the week as investors anticipate and then digest Tuesday afternoon's earnings report.

Analysts are expecting flat revenue at $1.5 billion and for the company's adjusted loss per share to narrow from $0.04 to $0.02. Investors will want to pay attention to any commentary from management around lower mortgage rates, as that narrative could determine the stock's direction over the next several weeks.