Opendoor Technologies Inc (NASDAQ: OPEN) saw its stock surge 5.24% during Friday's intraday session, reflecting strong investor optimism. The movement comes amid significant developments in the company's business model and operational strategy.

According to recent reports, Opendoor is undergoing a major transformation under new leadership, with a focus on artificial intelligence to streamline operations. The company plans to reduce its workforce by up to 90%, replacing human roles with AI to cut costs and improve efficiency. This shift has already reduced the number of employees involved in selling a home from 11 to just one, significantly speeding up processes.

Analysts, including Eric Jackson and JPMorgan's Dae Lee, have expressed bullish sentiments about the company's future. Lee upgraded the stock to "Overweight" with a price target of $8, citing the potential for sustainable profitability. The company's ambitious goals, such as "three-day closings" and a long-term vision of $500 per share, have further fueled investor enthusiasm.