Opendoor Technologies Inc. (NASDAQ:OPEN) announced it was launching in two new markets in New York and New Jersey, as management continues to execute on its growth objectives of operating in less homogeneous markets. These two mark the company’s 45th and 46th markets.

Analysts at Oppenheimer updated their model to better reflect the company’s management guidance. Their Q1/Q2 revenue estimates were increased 1%/31% to $4.2 billion/$3.8 billion from $4.1 billion/$2.9 billion on 120/2,100 more homes sold.

The analysts raised their full 2022-year revenue estate by 8% to $16.6 billion from $15.4 billion, while their 2023 revenue remains largely unchanged.