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Stock impact report

Is Opendoor Technologies on a Path to Profitability? [Yahoo! Finance]

Opendoor Technologies Inc (OPEN) 
Company Research Source: Yahoo! Finance
The company's CEO believes that by the end of next year, it could be on track to achieve profitability on an adjusted basis. Opendoor has been one of the hottest meme stocks of the year thus far. 10 stocks we like better than Opendoor Technologies › Opendoor Technologies (NASDAQ: OPEN) has been one of the hottest stocks with retail investors this year. Many see it as nothing more than the latest meme stock, but the company is making efforts to improve its margins and strengthen its financial health. Its new CEO is looking to leverage artificial intelligence (AI) to help with that. The company, which is in the business of flipping houses, recently reported earnings. Management believes it's making progress and that it is going in the right direction. But should investors believe that, and is the business truly on the path to profitability, or is this still a highly risky stock to buy right now? Image source: Getty Images. Opendoor still has a long way to go to breakeve Show less Read more
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