BUZZ-Opendoor Technologies rallies after Q4 rev beat

Reuters
02/20
BUZZ-<a href="https://laohu8.com/S/OPEN">Opendoor</a> Technologies rallies after Q4 rev beat

** E-commerce residential real estate sales firm Opendoor Technologies OPEN.O shares up 13.3% premarket at $5.27 after qtrly rev exceeded expectations

** Tempe, Arizona-based OPEN late Thurs reported Q4 rev fell to $736 mln from $1.1 bn a yr-ago, but topped LSEG estimate of $594 mln

** For Q1 2026, it sees rev decreasing by about 10% qtr/qtr and adj EBITDA loss in the low-to-mid $30 mln range

** Co said it's "driving to Adjusted Net Income positive by the end of 2026, measured on a twelve-month go-forward basis," in the statement

** In Sept, OPEN appointed Shopify SHOP.TO executive Kaz Nejatian as its new CEO, and said co-founders Keith Rabois and Eric Wu returning to the board

** Avg rating of 9 analysts is "hold"; median PT $5 - LSEG

** Through Thurs close, stock off 20% YTD

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))

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