InvestorPlace - Stock Market News, Stock Advice & Trading Tips As home prices surge, it must make sense to buy OpenDoor Technologies (NASDAQ: OPEN) stock, the high-tech house flipper.

Wall Street’s Take Overall, the stock has a Strong Buy consensus rating based on 4 Buys and 1 Hold. The average Opendoor price target of $31.67 implies 62.24% upside potential from current levels.

Opendoor has been a value destroyer, with the stock falling from an ATH of $35 to sub-$3. This is the type of drop usually reserved for fraud and financial collapses.

At this point, Opendoor is unlikely to be a winner without some help at the macro level. If interest rates come down, the stock could surge, but until then, investors should expect the company to ...

Summary In today's note, we will cover Opendoor's Q1 2022 report. In Q1 2022, Opendoor recorded a first-ever net profit, indicating an inflection point in the iBuyers' growth story.

Opendoor management will host a conference call with analysts at 5 p.m., Eastern time, and you can catch a Webcast of it on the company's investor relations home page.

Opendoor sold 5,988 homes in the third quarter, up 72% year-over-year and more than the previous two quarters combined (5,943). The company purchased 15,181 homes in the third quarter, up 79% year ...