1. Opendoor's stock rose after a significant drop on Monday. 2. Eric Jackson highlighted retail investors' role in the stock's volatility. 3. Jackson believes Opendoor stands to capture market share from exiting competitors. 4. He projects the stock could be valued at $82 if profitability is achieved. 5. Shares were up 2.96% at $3.30 on Tuesday.
Jackson's insights suggest strong potential for future valuation, similar to past market rebounds seen in tech stocks following downturns. The 500% increase over the past month indicates existing volatility, which may continue to attract retail investors.
The article discusses strategic insights about OPEN, providing actionable investment perspectives addressing both current and future potential. Jackson's high-profile perspective raises investor interest and could drive significant movement in OPEN's stock.
The bullish thesis presented by Jackson relies on operational improvements and market conditions, which may take time. History shows that stocks often benefit from prolonged periods of stability and growth post-valuation adjustments.