Opendoor has become a focal point for investors due to its significant drop from a peak of $35.88 to $2.27; raising questions of bankruptcy risk.
Analysts predict Opendoor's revenue will decline by 26% to $5.16 billion in 2024. Despite this, revenue is expected to grow at a 35% CAGR from 2024 to 2026.
The transition from a negative adjusted EBITDA of -$627 million to an expected improvement to -$183 million by 2024 indicates potential financial recovery on the horizon.
Investors are cautious as the current market penalizes companies lacking profitability. Opendoor's future performance will be closely monitored for signs of value or value trap.
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