** Shares of online real estate firm Opendoor Technologies
rise 11% to $2.23 premarket
** Co posts Q1 rev of $1.18 bln, beating est. $1.09 bln- LSEG data
** Q2 rev forecast in range of $1.4 bln-$1.5 bln, midpoint in line with estimates- LSEG data
** Eric Feder, president of LENX and senior executive at homebuilder Lennar Corp appointed to OPEN's board of directors
** "The most important driver for the stock will continue to be purchase volumes, which remain 30% below break-even levels," said KBW, while maintaining its "market perform" rating and cutting the stock's PT
** Avg recommendation of 12 brokerages is an equivalent of "hold;" median PT is $3.05 - LSEG
** As of last close, OPEN down 54.7% YTD vs Nasdaq's 5.5% rise
(Reporting by Ankika Biswas in Bengaluru)
((Ankika.Biswas@thomsonreuters.com))
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