In an ever-dynamic world of stock markets and trading, every day, a new stock rises up to the radar, sometimes driven by immense hype and potential. Opendoor Technologies is one such stock that has constantly been gaining heavy momentum. OPEN is trading at $1.43 at press time and has surged 43%, fueled heavily by the comments made by Eric Jackson, the founder of EMJ Capital. Is this stock worth your money and time? Let’s find out.
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Opendoor Technologies: The Reason Behind Its Major 43% Stock Rally
Opendoor Technologies had largely been touted as dead stock before its resurgence back into the mainstream a few days ago. The firm is now gaining immense traction as of late, as retail hype and mania compelled the OPEN stock to surge 43% in a short span of time. The firm is involved in the buying and selling of residential real estate and has risen dramatically due to the unique meme mania that has impacted the token recently.
The development took center stage at Reddit, where a post titled “Opendoor is the next Carvana” went viral, inciting user frenzy and mayhem. One of the users on Reddit stated how he has already bet $155,000 on OPEN, stating how he believes the firm, if it ends up changing its business format, can do a lot better than mainstream stocks out there.
In addition to this, recent comments made by Eric Jackson of EMJ Capital have also impacted OPEN stock significantly. Jackson took to X to share how he will “saddle” up for OPEN, fueling massive interest in the stock:
“But if standing between a 50¢ stock and an $82 one is what it takes—and shareholders want it—I’ll saddle up again for OPEN. You don’t get to $82 through M&A. You get there by grinding, executing, and proving the model.“ As quoted by Investing.com
The Future of This Stock?
Per CoinCodex, Opendoor Technologies is currently eyeing the $1.56 price mark by the end of August 2025.
“The value of Opendoor Technologies Inc. shares will rise by 2.33%. And reach $1.524781 per share by August 15, 2025. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 39 (fear). OPEN stock recorded 19/30 (63%) green days with 25.93% price volatility over the last 30 days. Based on the Opendoor Technologies Inc. stock forecast. It is now a good time to buy OPEN stock. Because it’s trading 2.28% above our forecast, and it could be undervalued.”
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