The Hedge Fund Manager Who Called Carvana’s 100X Move Says This Stock Is the Next 100-Bagger

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Here we are, witnessing yet another stock “go to the moon” while the rest of the world stands around, scratching their heads. Opendoor Technologies (OPEN), a company that buys and sells homes like some sort of real estate vending machine, has tripled in value in just a few weeks. Why? Well, a hedge fund manager named Eric Jackson got the Twitter masses all riled up about how Opendoor is a “100x stock.” What exactly does that mean? Beats me. But let’s try to figure it out, because-here we go again-the stock market, in all its infinite wisdom, thinks it’s on to something. So it goes.

Now, Jackson’s track record isn’t exactly spotless. It’s hard to find someone who bets on 100x opportunities and doesn’t occasionally end up with a face full of pie. But he was an early champion of Carvana, a company that, not long ago, was drowning in debt and disappointment. Then-miraculously-it pulled off a rally that would make even the most seasoned investors blink in disbelief. So now Jackson’s looking at Opendoor and thinking, “Hey, why not double down?”

So why would a broken real estate machine be the next 100-bagger?

Jackson’s been talking about Opendoor like a guy with a secret recipe for the perfect soufflé. He’s posted about it a lot, particularly on social media, where nuance goes to die. His first grand proclamation came on July 14, and ever since, he’s been relentless. The man is consistent, I’ll give him that.

Jackson argues that when the world stops spinning quite so fast (and maybe when macroeconomic headwinds are replaced by a more favorable breeze), Opendoor’s iBuying business will soar. Ah, iBuying-an unholy hybrid of algorithmic home-buying and the American dream, where everything is reduced to data points. And wouldn’t you know it? The competition has just about disappeared. Zillow and Redfin have left the game, and the only other major player, Offerpad, is too small to matter. So in theory, Opendoor is sitting pretty as the last player standing. But will this actually work out? Who knows. So it goes.

Jackson’s thesis, though, isn’t just about buying and selling homes. No, he thinks there’s something far more valuable lurking underneath all those transactions: data. Opendoor’s collected so much information over the years, they’ve practically got a crystal ball in the form of raw numbers. The company knows how certain home repairs influence prices, and that, Jackson claims, could lead to an AI-powered pricing tool so accurate it could practically predict the next real estate crash-or boom. And hey, if Opendoor can license that tech, they’ll be rolling in high-margin revenue, which, if you ask me, sounds like the kind of thing people dream about when they don’t want to go back to working a 9-to-5.

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Jackson also has his eye on something called “assumable mortgages.” Now, you might not be familiar with the term, but apparently it’s a thing where certain government-backed loans can be transferred from one homeowner to another. Jackson thinks Opendoor could capitalize on this by reviving the mortgage market, injecting some life into the business. Will it work? Maybe. Probably not. But then again, no one expected anything to work in this business. So it goes.

Should you rush out and buy Opendoor stock?

Let’s be real. When Jackson made his big 100x prediction, Opendoor was trading at about $0.82 per share. As of now, it’s at $2.45. That’s a big jump, but it’s nowhere near the moon yet. Jackson’s goal? A 33-fold increase. And sure, that would turn your $100 into $3,300, which, if you’re into that sort of thing, isn’t a bad deal. But here’s the rub: the stock’s already gained a lot, so maybe it’s time to temper the expectations a bit.

Here’s the thing-Opendoor is still not profitable. And Jackson’s grand vision relies on a lot of things happening just so. The company’s AI tools have to work, the real estate market has to recover, and Jackson’s predictions about assumable mortgages have to come to fruition. There are too many ifs in this equation. So, if you’re thinking of diving in, remember: this is a speculative bet. It could hit it big, or it could collapse into nothingness. And if it does, don’t say you weren’t warned. If you’ve got some extra cash you don’t mind losing, fine-go ahead. But don’t bet the farm on it.

At the end of the day, this is a gamble. And if you don’t like gambling, maybe it’s best to watch from the sidelines. Or, better yet, put your money in something boring, like bonds. So it goes. 📉

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2025-08-16 14:06