Avoid Opendoor (OPEN) Amid Profitability Concerns

about 1 month ago

Rick Gnarez

"I'm going with a lowercase faker for Opendoor because despite being one of this year's hottest stocks with a 9X rise since 2022, its revenue is now only a third of what it was last year, raising serious questions about its profitability and long-term scalability."

Opendoor (OPEN) has experienced significant stock price gains; however, a dramatic decline in revenue—down to one-third of its previous levels—suggests serious profitability and scalability issues. Investors might want to avoid adding OPEN to their portfolios until the business model shows clearer signs of sustainable growth.

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