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By Josh Beckerman
Shares of Opendoor Technologies, one of the fintech stocks that declined after last week’s U.S. Federal Reserve comments about interest rates, were down 5.2% Monday after Citigroup lowered its price target to $2.70 from $3.90 and maintained its neutral rating.
Shares of the real estate e-commerce company were recently at $2.44 and have more than doubled this year.
After Fed officials signaled interest rates won’t fall as much as previously planned, Opendoor, Affirm Holdings and Block shares declined.
Write to Josh Beckerman at [email protected]
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