Here's What's Going On With Opendoor Stock—And Why It 'Could Be A 100-Bagger'
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Opendoor Technologies, Inc. shares have surged nearly 200% in a month, with a recent 10.8% increase. EMJ Capital's Eric Jackson believes the stock could become a '100-bagger,' citing positive trends and a potential revenue of $12B, leading to a projected stock price of $82. With competitors like Zillow and Redfin stepping back from iBuying, Opendoor now dominates the market. Jackson suggests that changing investor sentiment could significantly impact the stock's valuation, which he views as previously mispriced. As of Friday, the stock was up 20% at $1.98.
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