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Better Home & Finance stock soars again as investor behind Opendoor rally calls it 'Shopify of mortgages'
Yahoo Finance· 2025-09-22 16:41
Core Viewpoint - Better Home & Finance (BETR) stock has seen significant gains, attributed to activist investor Eric Jackson's endorsement, comparing the company to Shopify in the mortgage industry [1][2]. Group 1: Stock Performance - BETR stock gained over 25% in pre-market trading on Tuesday, following a 46% rally on Monday, reaching a high of $73 before closing around $50 [1]. - The stock opened at $33.50 on Monday and was trading around $62 on Tuesday morning [1]. Group 2: Investor Commentary - Eric Jackson, of EMJ Capital, holds a long position in BETR and believes it could be a "350-bagger" in two years, emphasizing its potential to transform a $15 trillion industry using AI [2]. - Jackson draws parallels between BETR and other successful stocks, suggesting that current skepticism towards BETR mirrors past doubts about Carvana and Opendoor [2]. Group 3: Industry Context - Shopify has become a key player in shaping direct-to-consumer e-commerce, which Jackson likens to BETR's potential in the mortgage sector [3]. - Jackson previously targeted Opendoor Technologies (OPEN) at $82 while it was trading below $1, indicating his confidence in identifying undervalued stocks [4].