Opendoor Technologies Inc. (NASDAQ:OPEN) is considered one of the hot penny stocks to invest in now, with a Hold rating from KBW and a price target of $1.00. In fiscal Q1 2025, the company reported $1.2 billion in revenue, a 2% decrease from the previous year, and sold 2,946 total homes, a 4% drop.

Despite the revenue decrease, Opendoor Technologies Inc. (NASDAQ:OPEN) saw an increase in inventory balance to $2.4 billion, representing 7,080 homes, a 26% rise from fiscal Q1 2024. The company reported a net loss of $85 million for the quarter, compared to $109 million in the same quarter last year.

Opendoor Technologies Inc. (NASDAQ:OPEN) focuses on the online buying, selling, and trading of residential properties. While OPEN is seen as a potential investment, other AI stocks are considered to offer greater upside potential and lower downside risk. For more information on undervalued AI stocks, a free report is available.

For more investment opportunities, check out “30 Stocks That Should Double in 3 Years” and “11 Hidden AI Stocks to Buy Right Now.” This article was originally published on Insider Monkey.

Read more at Yahoo Finance: KBW Maintains a Hold on Opendoor Technologies (OPEN)