Opendoor stock price target raised to $5 from $1.60 at UBS on reset point

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UBS has raised its price target for Opendoor Technologies (NASDAQ:OPEN) to $5.00 from $1.60, maintaining a Neutral rating despite the significant increase. The adjustment follows the company’s latest earnings report, which UBS called “another reset point,” noting a sharp decline in revenue and elevated EBITDA losses. Opendoor faces challenges in demonstrating consistent positive unit economics, as evidenced by weak gross profit margins, and investors are keenly awaiting its next earnings report on February 19th for signs of improvement.

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