Opendoor stock stays 70% over KBW’s new target as Q2 profit margins tighten
Opendoor Technologies Inc. may see about a $9 million shortfall in cost and mix at its Aug. 4 results, if second-quarter revenue and contribution margin hit the midpoint of its guidance, per company figures. Shares last ticked up 0.1% to $4.49. That's nearly 70% above Keefe, Bruyette & Woods' new target. The gap is slim.