Opendoor’s Q2 earnings loom large as the market braces for a 42.6% year-over-year revenue drop — a stark reversal from last year’s slight uptick. Despite beating revenue estimates ($720M) and exceeding EBITDA expectations, home sales fell to 1,921 units, down from prior-year levels. While rivals like JLL and CBRE posted growth and saw stock gains, Opendoor’s shares have tumbled 26% in a month. Analysts remain cautiously optimistic, holding steady forecasts with an average price target of $4.95 — significantly above current trading levels. The world is watching to see if Opendoor can weather the storm and keep expectations intact.
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