Prediction: This Is Where Opendoor Technologies Stock Will Be in 5 Years

Opendoor Technologies (NASDAQ: OPEN) was left for dead. Then, it became a meme stock. The real estate platform is up over 500% this year and 20x off the lows set in June, recently surpassing $10 a share. After the company ousted the prior CEO, brought in an experienced executive, added the founders back to the board of directors, and plotted a business turnaround, investors are gushing over Opendoor stock at the moment.But should you buy the stock? Let's take a look at Opendoor's financial opportunity and see where the stock will trade five years from now.As a digital platform that buys and sells residential real estate, Opendoor has struggled to ever generate a profit. It has thin profit margins and a capital-intensive business model that requires holding homes as inventory on its balance sheet. This model has struggled to grow with a frozen residential real estate market. This is why the stock fell to under $1 a share at the beginning of this year.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool