Opendoor Technologies price target lowered to $1.30 from $1.60 at BofA

BofA lowered the firm’s price target on Opendoor Technologies (OPEN) to $1.30 from $1.60 and keeps an Underperform rating on the shares. The firm, which is rolling forward its valuation base to 2026 estimates, is lowering its existing home volume growth forecast for 2025 to 2% year-over-year from 5% growth previously forecast. The firm also lowers its estimate for existing home transaction growth to 5% from 8% previously.