OPEN's iBuying model struggles with persistent macro headwinds. Despite Q1 EPS beat, Q2 revenue guidance shows anemic growth. Current ~$2.15 price signals fundamental valuation pressure; sustained re-rating above $2.50 by May 2026 is highly improbable without significant rate cuts. 85% YES — invalid if Fed Funds Rate < 2% by 2025.
OPEN's iBuying model struggles with persistent macro headwinds. Despite Q1 EPS beat, Q2 revenue guidance shows anemic growth. Current ~$2.15 price signals fundamental valuation pressure; sustained re-rating above $2.50 by May 2026 is highly improbable without significant rate cuts. 85% YES — invalid if Fed Funds Rate < 2% by 2025.
