Opendoor Technologies (OPEN) faces a complex turnaround as Q3 revenue declines and losses widen, leading to a 10% drop in shares. However, a recent 25% surge followed an analyst’s “Overweight” rating and $8 price target. New CEO Nejatian is driving a software and AI pivot to propel the company towards profitability by 2026.

Nejatian’s aggressive AI-driven strategy includes launching over a dozen AI-powered products to enhance home transactions, pricing algorithms, and operational efficiency. With a focus on operational excellence and cost-cutting, Opendoor aims to break even by 2026 and expand services to boost customer value.

Despite a sharp decline in Q3 revenue and losses, Opendoor is making strategic shifts towards AI and software automation under new leadership. The company aims to achieve breakeven adjusted net income by 2026 through a software-first approach and market maker model.

Opendoor plans to transform into an AI company, aiming to achieve breakeven adjusted net income by 2026 through aggressive operational pivots and cost optimization. The company’s focus on AI-driven decisions and improved pricing automation is crucial for enhancing unit economics and profitability moving forward.

Read more at Yahoo Finance: Opendoor Is Betting That It Can Become an AI Company. Does That Make OPEN Stock a Buy, or Should You Stay on the Sidelines Here?