Opendoor Stock Price Could Struggle to Hit Bullish Target, Market Pros Say
The rise of Opendoor Technologies was the biggest story in retail-trader circles over the summer.
Since the start of July when hedge fund founder Eric Jackson posted his bullish outlook, shares of the online real estate company have surged more than 1,600%, rising from less than $1 per share to a high of $10.28 on Friday.
Jackson flagged the stock as having potential to become 100-bagger, comparing it to Carvana, the ailing used car dealer that he helped revive in 2023. Jackson set a price target for Opendoor at $82 per share.
While retail traders are definitely onboard, some institutional investors don’t share Jackson’s optimism.
