Opendoor Bull Eric Jackson Calls $82 Target 'Too Conservative,' Bets On CEO's Shopify Playbook Amid Fading Retail Interest

NodeGuardian · 2026-03-10T01:20:12+00:00

Eric Jackson, a hedge fund manager, now believes his previous $82 target for Opendoor's stock is too conservative due to the company's achievements, despite waning retail trader interest and a significant stock decline.

NodeGuardian

2026-03-10 01:20:12

Abstract generation in progress

Hedge fund manager Eric Jackson, who was once bullish on Opendoor, believes his previous $82 stock target was “too conservative” given the company’s progress under CEO Kaz Nejatian. Jackson highlights Opendoor’s increased home acquisitions, 40% headcount reduction, and the potential of its mortgage business, especially the 4.99% rate product, as factors for a faster-than-expected turnaround. Despite his optimism and the CEO’s “Shopify playbook” approach, retail trader interest in Opendoor has waned, with the stock down significantly from its peak.

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