Opendoor Stock Price: 3,000% Rally Coming, Not a Meme: Eric Jackson
The architect of the latest meme stock rally doesn’t want you to call him that.
Eric Jackson, the founder of EMJ Capital, is bullish on Opendoor—the online real estate platform that embarked on a blistering rally after he posted his thesis on X—but it isn’t a meme stock, he says.
In his eyes, it’s the real deal, a pandemic-era darling with big turnaround potential despite a 92% tumble since its peak.
Jackson is known for what ended up being a correctly bullish call on Carvana in 2023. He laid out his views on Opendoor on social media on July 14, sparking not only a rapid rise in the stock, which also seems to have revived the meme stock trade among a newer group of unloved stocks, including Kohl’s, Krispy…
