Trade Call: OpenDoor (OPEN) Re-rating on Robust Turnaround Catalysts

about 1 month ago

Eric Jackson

"I came out with this tweet on July 14th when the stock was trading at about 88 cents. I built my position then and argued that, given the upcoming board changes, improved management alignment and the absence of national iBuying competition, the market would re-rate OPEN to around $82 per share. In less than three months, after a period of heavy retail attention and volatility, the stock moved sharply higher."

Eric Jackson outlines a clear trade call on OpenDoor (OPEN), pointing to its historic low public price followed by a rapid recovery and upcoming catalyst events. His rationale emphasizes management changes, improved board skin-in-the-game (with notable insider buying) and the absence of direct competition since other players exited iBuying. He asserts that these factors set the stage for a marked re-rating, aiming for a target of $82 per share. His active participation—with plans to sell some shares later to cover his base—signals high conviction in the current turnaround at OPEN.

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