Eric Jackson Names Nextdoor Stock His New '100-Bagger'

Core Viewpoint - Eric Jackson has identified Nextdoor Holdings, Inc. (NYSE:NXDR) as a high-conviction investment opportunity, labeling it as the most mispriced Agentic-AI platform of the 2020s, which has led to a significant increase in its stock price [1][2]. Group 1: Investment Thesis - Jackson's argument is based on Nextdoor's verified "identity graph," which connects real verified individuals to specific physical addresses, positioning it uniquely in the market compared to platforms like Reddit or X [2]. - He believes that the combination of identity, trust, and proximity will be crucial in the era of agentic AI, making neighborhoods a vital component of this new landscape [2]. Group 2: Market Performance - Following Jackson's endorsement, Nextdoor's stock price rose by 24.51%, reaching $3.15, with estimates suggesting it could potentially be valued at over $370 if Jackson's thesis is validated [3][5]. - The company reported revenues of nearly $69 million in the most recent quarter, although it has never reported a profitable quarter [5]. Group 3: Analyst Coverage and Market Sentiment - Currently, only one analyst covers Nextdoor, with Citigroup maintaining a Neutral rating and lowering its price target from $2.30 to $2.20, indicating a cautious outlook [4]. - Critics highlight the company's historical challenges in monetizing its user base and the competitive landscape in the advertising sector [4].