Opendoor (OPEN) shares surged after Trump announced plans to invest $200 billion in mortgage bonds, aiming to lower mortgage rates and increase home affordability in the USA. Despite the increase, OPEN stock remains down more than 25% from its 52-week high. Opendoor Technologies, a San Francisco-based iBuyer, benefits from improved housing affordability due to increased customer engagement and turnover. However, the company is high-risk due to recurring losses and thin margins, with a consensus “Hold” rating and a mean target price of $2.52, suggesting a potential 70% drop in the next 12 months.

Source: www.barchart.com

Read more at Barchart: A $200 Billion Reason to Buy Opendoor Stock Today