Opendoor Technologies (OPEN) shares closed at $2.44 on October 2, 2026, near the 52-week low of $2.25 after a roughly 70% decline over the past year. Elevated mortgage rates above 7% have pressured housing transaction volumes and iBuyer margins, contributing to the selloff, while the company reported Q2 2026 revenue of $883 million and a $162 million net loss alongside rising home acquisitions and inventory. Traders are monitoring early traction in Opendoor Home Loans, now live in multiple states with encouraging uptake in Colorado and Texas, alongside the company's guidance for at least 20% full-year revenue growth and a path to adjusted net income positivity by year-end. Analyst consensus remains a hold with an average 12-month target near $4.30, though near-term price action hinges on mortgage rate trends and weekly housing data.