Just caught up on the latest OPEN stock news - Opendoor hit earnings on May 7 and it's been a bit of a mixed bag honestly. The stock has been getting beaten down pretty hard this year, down about 12% so far, and the real estate sector is just rough right now with mortgage rates still elevated and property values stuck in weird territory.

So here's what caught my eye: options traders were pricing in around 8.77% volatility around the earnings announcement, which is pretty substantial. The actual numbers came in showing a quarterly loss of $0.09 per share - which is technically better than last year's $0.12 loss, but revenue dropped to $666M from $1.15B the year before. That's a pretty significant contraction, though interestingly they did see home purchases jump 46% sequentially in Q4, so there's some positive signals buried in there.

What's wild is the analyst takes on this. You've got Gaurav Mehta over at Alliance Global Partners looking at an $8 price target (suggesting 44% upside from where it's trading around $5.11), but then Eric Jackson from EMJ Capital is out there with an $82 target - which would be absolutely insane if it hits. Jackson's been bullish on a housing market recovery thesis, betting on a two-quarter lag before improvements show up in the financials. OPEN stock news has been following his commentary pretty closely since he was involved in last year's leadership shake-up that sent shares up 1,000% temporarily.

The consensus from Wall Street is more cautious though - average price target sits at $6 with 2 Buy, 2 Hold, and 1 Sell rating. The company's trying to reach profitability on an adjusted basis by year-end, which is the real test here. Definitely one to watch if you're into the housing recovery angle, but it's got meme-stock vibes that make it a bit unpredictable. The open stock news cycle on this one moves fast.