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Barchart
Barchart
Aditya Raghunath

Move Over Opendoor Stock. This Housing Company Is About to Be the Next Big Thing.

Hedge fund manager Eric Jackson has shifted his attention from Opendoor (OPEN) to Better Home & Finance Holding (BETR), calling it "the Shopify of mortgages" and predicting massive upside potential. Jackson's endorsement on X (formerly Twitter) sent Better Home shares soaring 47% on Monday, with BETR stock briefly more than doubling before settling around $50.

The founder of EMJ Capital believes Better Home is revolutionizing the $15 trillion mortgage industry by leveraging artificial intelligence (AI) and blockchain technology. He noted the valuation disparity between Better Home trading at just 1x forward sales compared to newly public Figure Technology Solutions (FIGR) at 19x, despite Better Home's faster growth rate.

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