Opendoor Technologies shares jumped 5.2% after hedge fund manager Eric Jackson reiterated his bullish $82 price target and high conviction thesis.
Jackson highlighted CEO Kaz Nejatian’s transition from Shopify COO to Opendoor, noting a 400% increase in acquisition velocity and leaner staffing.
Despite a frozen housing market, high rates and a projected $1.3 billion 2025 loss, Jackson says market undervalues the two‑quarter acquisition‑sale lag.
Opendoor launched a dashboard tracking weekly acquisition contracts and aims for adjusted net‑income profitability by end‑2026 as mortgage and D2C products scale.