Shares of Better Home & Finance experienced a significant surge of over 160% on Monday following comments from EMJ Capital founder Eric Jackson, who likened the online mortgage lender to the “Shopify of mortgages.” Jackson’s posts on X highlighted the rapid growth trajectory of Better Home & Finance, drawing substantial attention from investors.
In his messages, Jackson suggested that the company could potentially see its shares increase dramatically, projecting a 350-fold rise over two years. He went on to assert a current valuation worth $626 per share and an even more ambitious claim of $12,000 per share within two years.
Jackson’s credibility in this domain is underscored by his previous successful prediction regarding Opendoor Technologies, where he helped spark significant retail interest and momentum in the stock. His involvement led to a robust following referred to as the “$OPEN Army,” which has played a role in influencing company dynamics and has captured the attention of management.
With such influential endorsements, it is not surprising that retail investors are paying close attention to his assessments. The response to his comments is evidenced by Better Home & Finance’s stock, which has seen an impressive increase of 682% year to date.
While the claims made by Jackson are profoundly optimistic, they reflect the potential investors see in the future of online mortgage platforms. The comparison to Shopify, known for revolutionizing e-commerce, suggests a vision where Better Home & Finance could transform the mortgage industry similarly. Such prospects, though speculative, offer hope for significant innovation and growth within this sector.