Better Home & Finance soars after recommendation by Jackson of Opendoor fame

Eric Jackson, a hedge fund manager known for his role in the trading boom of Opendoor, made headlines on Monday with his latest stock pick — Better Home & Finance Holding Co. Jackson revealed that his firm has a position in Better Home, although he did not disclose the size of the investment.

Following Jackson’s endorsement, shares of Better Home surged by an impressive 46.6% on Monday, with the stock price more than doubling at one point during the trading session. Last week, the New York-based mortgage lender saw a significant increase of over 36%. As of Friday’s close, Better Home’s market capitalization stood at just over $500 million based on FactSet data.

Describing Better Home as “the Shopify of mortgages,” Jackson emphasized the company’s innovative approach to rebuilding the $15 trillion mortgage industry using artificial intelligence. Drawing a parallel to Shopify, a Canadian e-commerce platform, Jackson highlighted the disruptive potential of Better Home in transforming the mortgage sector.

In comparison to newly public blockchain lender Figure Technology Solutions, Jackson pointed out that Better Home has a much lower valuation multiple. While Figure Technology Solutions trades at 19 times its projected 2026 sales, Better Home trades at just 1 time, despite its faster growth trajectory. Jackson expressed his belief that Better Home could potentially deliver a staggering 350-fold return in just 2 years, drawing parallels to past success stories like Carvana and Opendoor.

With Jackson’s endorsement propelling Better Home into the spotlight, investors are closely watching the stock’s performance and its potential for significant growth in the coming years. As the financial markets continue to evolve, innovative companies like Better Home are reshaping traditional industries with cutting-edge technologies, creating opportunities for savvy investors to capitalize on emerging trends.