JMP Securities Raises Opendoor Price Target, Stock Surges 5% 
<p><a href='https://financialmodelingprep.com/financial-summary/OPEN'>Opendoor (NASDAQ:OPEN)</a> shares jumped more than 5% pre-market today after JMP Securities raised the price target from $2.50 to $5, citing improved contribution profit due to lower home price volatility.</p> 
<p>The analysts highlighted Opendoor's better-than-expected Q1/23 results, positive Q2/23 guidance, and evidence of improving industry trends. Despite low transaction volumes, stabilizing home price volatility suggests higher revenue and contribution profits. </p>
<p>JMP Securities sees Opendoor's solutions as disruptive and expects stock price appreciation as profitability expectations improve.</p>

NASDAQ:OPEN