0828 ET - Opendoor's focus on technology and product development are setting the stage for sustainable growth in a challenging housing market, say JPMorgan analysts Dae Lee and Doug Anmuth. "AI-powered workflows enabled faster, more accurate pricing, reduced days in possession, and improved resale velocity," the analysts say. Meanwhile, the company has expanded its Cash Plus offering, self-assessment app, and Opendoor Checkout. "We do not expect the path to [adjusted net income] positive in 2027 to be linear or easy, as OPEN needs to clear tech baggage and legacy inventory, pressuring our 2026 estimates," the analysts say. But they say they "believe OPEN's transformation, product innovation, and speed will drive upside over time." (nicholas.miller@wsj.com)
(END) Dow Jones Newswires
February 20, 2026 08:28 ET (13:28 GMT)
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