NEW YORK, July 7, 2026, 05:12 (EDT)
- Opendoor closed Monday at $5.09, up 3.88%, on volume more than twice its 65-day average.
- Three public target-price sets still put the average forecast below Monday’s close.
- Options volume rose to 104,000 contracts Monday, with calls leading puts.
- Nasdaq’s 2026 holiday calendar shows July 3 as the Independence Day closure; Tuesday is not a listed market holiday.
Opendoor Technologies Inc. NASDAQ:OPEN goes into Tuesday’s U.S. session with a price problem Wall Street has not solved: the stock is back above several public target-price averages, but the fresh data point is trading pressure, not a new company filing.
Shares closed Monday at $5.09, up 3.88%, after trading between $4.84 and $5.32. Volume was 87.48 million shares, or 204% of its 65-day average. That is about $445 million of stock changing hands, by calculation from the close and reported volume, against a market value near $4.91 billion. Short interest stood at 153.72 million shares as of June 15, equal to 19.07% of the float.
The stock beat the broader tape Monday. The Nasdaq Composite rose 1.12%, the S&P 500 gained 0.72% and the Dow rose 0.29%, according to MarketWatch data. MarketWatch Nasdaq’s holiday schedule lists the Independence Day market closure on July 3 and the next full closure on Sept. 7 for Labor Day, so Tuesday is set up as a regular trading day.
Options data point to the same tension. TheFly, carried by TipRanks, said Monday that Opendoor options volume ran well above average at 104,000 contracts, with a put/call ratio of 0.14 against a typical 0.21. The same report put 30-day implied volatility near 97.72 and said skew steepened, a sign of more demand for downside protection even as calls led puts.
| Public forecast set | Average target | Range | Implied move vs $5.09 close |
|---|---|---|---|
| MarketBeat, 7 analysts | $4.38 | $1.40-$8.00 | -13.9% |
| Zacks, 8 short-term targets | $3.48 | $0.80-$8.00 | -31.6% |
| Benzinga, 12 analysts | $3.14 | $1.00-$8.00 | -38.3% |
MarketBeat rates the stock “Reduce,” with four sell ratings, two holds and one buy among seven analysts. MarketBeat Zacks puts the average target at $3.48 and lists one Strong Buy, six Holds, two Sells and two Strong Sells among 11 brokerage recommendations. Zacks Benzinga shows an Underperform consensus, a $3.14 consensus target and a most recent public analyst action from Alliance Global Partners, which initiated with a Buy and $8 target on April 28. Benzinga
The gap matters because Opendoor’s rally has started to trade like a positioning story again. A stock can move through analyst targets when analysts are late. It can also move through them when short covering, index flows and options buying do the work before the earnings base has changed enough.
Opendoor was selected for inclusion in the Russell 3000 Index as part of the 2026 annual reconstitution, effective after the U.S. market close on June 26. Russell inclusion can add passive demand, but it does not change home resale margins or cash use.
The operating case is still tied to second-quarter proof. In May, Opendoor reported first-quarter revenue of $720 million, a net loss of $173 million, 1,921 homes sold and 2,474 homes purchased. Homes in inventory stood at 3,420 at quarter end, down from 7,080 a year earlier.
| Metric | Q1 2026 actual | Company Q2 guide or target |
|---|---|---|
| Revenue | $720 million | About 25% quarter-on-quarter growth, about $900 million if applied to Q1 |
| Contribution margin | 4.4% | Middle of 5%-7% target range |
| Adjusted EBITDA | $(31) million | Breakeven, plus or minus a few million |
| Adjusted net income | $(49) million adjusted net loss | Positive by end-2026 on a 12-month go-forward basis |
Chief Executive Kaz Nejatian has tied the bull case to faster resale velocity and cleaner inventory. In the first-quarter release, he said Opendoor had “gone from a claim to a track record” and added: “The machine is working.” Opendoor Technologies Inc.
Motley Fool stock market analyst Jennifer Saibil wrote Monday that Opendoor had fallen 21% in the first half of 2026, using S&P Global Market Intelligence data, even after progress under the new CEO. She wrote that the company is still unprofitable and that “the market has already priced in a potential recovery.” The Motley Fool
That leaves the next trade tied to the second-quarter update more than the Monday close. Opendoor has guided to roughly 25% sequential revenue growth, contribution margin near the middle of 5% to 7%, and adjusted EBITDA around breakeven. A miss would leave the stock above the average targets in the table while short interest remains near one-fifth of the float.
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