Opendoor Stock’s Wild 2025 Surge: Meme Mania, Crypto Buzz & New CEO Fuel 1600% Rally – What’s Next for OPEN?
Opendoor shares soared over 1600% from June to mid-September 2025, peaking above $10 before settling near $7 in late October. Former Shopify COO Kaz Nejatian became CEO in September, launching deep cost cuts and confirming plans to accept cryptocurrency for home purchases, which sent the stock up 14% on Oct. 6. Opendoor posted its first EBITDA profit in Q2 but warned of Q3 losses. Analyst targets remain low despite retail investor enthusiasm.