Better Home & Finance Holding (BETR) stock rallied nearly 47% on Monday, after hedge fund manager and Opendoor Technologies (OPEN) bull Eric Jackson revealed on X that his firm EMJ Capital is “long” on the online mortgage company. However, he didn’t disclose the size of the investment. Jackson, the founder and president of EMJ Capital, hailed Better Home as the “Shopify of mortgages.” Shopify (SHOP) is a Canadian e-commerce platform. BETR stock was up 32% in Monday’s extended trading session.
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Eric Jackson’s EMJ Capital Is Bullish on BETR Stock
In a post on X, Jackson stated that Better Home & Finance is rebuilding a $15 trillion industry from scratch through its artificial intelligence (AI)-powered solutions. He believes that BETR stock is trading at attractive valuation levels and sees it as a “potential 350-bagger in 2 years.”
In particular, Jackson highlighted that blockchain lender Figure Technology Solutions (FIGR), which went public earlier this month, trades at 19x 2026 sales, while Better Home & Finance trades at a valuation multiple of just 1x, despite growing at a faster rate.
Drawing comparisons to Carvana (CVNA) and Opendoor, Jackson said, “They laugh at BETR now at $34 like they laughed at CVNA at $3.50 and OPEN at 51¢. But this is no meme.” Interestingly, Jackson triggered a retail-driven rally in OPEN stock in July, when he expressed his bullish views on X. Opendoor stock has jumped about 424% year-to-date.
BETR stock, which went public in August 2023, has rallied more than 460% year-to-date.
