OPEN Stock Is Losing Its Shine — But Bull Eric Jackson Thinks Q1 Earnings Will Flip The Script

• Opendoor will report its Q1 results after the market close on Wednesday.
• OPEN shares have traded within a range since the last report and are down over 10% year-to-date.
• Stocktwits sentiment for OPEN was ‘neutral,’ with most analysts maintaining a ‘Hold’ rating on the stock. 

Opendoor Technologies stock dropped 1% in overnight trading heading into Wednesday, ahead of the online real estate company’s first-quarter results. 

Retail traders are eyeing a strong report to revive the shares, but the setup remains mixed. OPEN stock has largely traded within a narrow range since the last earnings report in February, with most analysts maintaining ‘hold’ ratings and expecting only modest upside.

Opendoor’s home acquisitions surged sharply in the quarter ended March, according to company data. Opendoor buys and sells homes, and, to be sure, acquisitions are the only metric to judge the health of the business. Purchases dropped in April.

OPEN Bull Eric Jakson Sees Hope In Q1 Print

Hedge fund manager and Opendoor investor Eric Jackson, whose bullish commentary sparked the meme-driven rally in OPEN last year, said the Q1 report is crucial. 

“Opendoor's hold time is roughly 6 months. The first cohort of homes Kaz Nejatian himself underwrote — October 2025 — is clearing the resale window this week. Thursday's Q1 print + forward guidance is the first real unit-economics read on Kaz's own cohort,” Jackson said in an X post promoting the stock.

Nejatian took over as Opendoor CEO last October.

Analysts expect the company’s quarterly revenue to decline 42% to $667.2 million – third straight quarter of decline – and an adjusted loss of $0.06 per share.

OPEN Stock Pressure

Opendoor emerged as a top meme stock, surging more than 2,000% in a two-month stretch last year, but has since slid steadily from September, leaving some traders frustrated. Opendoor shares are down 10.3% year-to-date, as of their last close.

Last month, Morgan Stanley disclosed that it had picked up a 10.2% stake in Opendoor. Other major investors in the company include home builder Lennar Corp. and institutional holders such as Vanguard Group, BlackRock, and Jane Street.

Retail, Analyst View On OPEN

On Stocktwits, retail sentiment for OPEN has declined over the past two weeks and was ‘neutral’ as of early Wednesday.

“21% - 511 homes - trend intact,” a trader said. Another wrote: “$OPEN stay(ing) low now is a good sign for upcoming earnings.”

Currently, five of the nine analysts covering the stock recommend ‘Hold,’ two advise ‘Buy’ or higher, and the remaining two rate the stock ‘Sell’ or lower, per Koyfin data.

Their average price target of $5.23 implies an upside of nearly 8% from the stock’s last close.

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