Is OpenDoor Yesterday's News?
Opendoor Technologies (NASDAQ: OPEN) dazzled investors this summer after the stock jumped from $0.51 to more than $10 in less than three months, gaining more than 2,000%.
Several factors played into that rally. First, the stock gained interest from meme stock investors on social media platforms like X and Reddit in response to arguments that the company had enormous potential if the housing market turned around. One hedge fund manager, Eric Jackson, said the stock could be the next , referring to the online used car dealer, which jumped more than 100 times after nearly going bankrupt in 2022-23.
Once Opendoor stock started gaining speed, investors began pushing for the removal of CEO Carrie Wheeler, and she departed in August, being replaced by Kaz Nejatian, who was formerly the COO of . In a board overhaul at the same time, two co-founders, Keith Rabois and Eric Wu, came back to serve on the board with Rabois becoming Chair.
Source Fool.com
Shopify Inc Stock
Currently there is a rather positive sentiment for Shopify Inc with 4 Buy predictions and 0 Sell predictions.
As a result the target price of 145 € shows a slightly positive potential of 2.57% compared to the current price of 141.36 € for Shopify Inc.
