Better Home & Finance (BETR) stock experienced a massive surge, climbing over 160% on Monday. This dramatic increase followed a post on X by EMJ Capital founder Eric Jackson, who enthusiastically referred to the online mortgage lender as the “Shopify of mortgages.” Jackson's endorsement quickly drew attention to BETR's rapid growth and potential.
A Bold Prediction: 350-Bagger in Two Years?
Jackson didn't hold back, suggesting that BETR could be a “potential 350-bagger in 2 years.” He further elaborated in a follow-up post, estimating Better's current value at $626 per share and projecting a staggering $12,000 per share within two years. These are ambitious claims, to say the least, but Jackson's track record adds weight to his words.
The Opendoor Connection
Jackson is known for his successful prediction regarding Opendoor Technologies. His earlier posts, where he positioned Opendoor as the next Carvana, ignited significant retail interest, leading to the formation of an “$OPEN Army” that actively influenced the stock's upward trajectory and even gained the attention of Opendoor's management. This past success lends credibility to his current bullish stance on Better Home & Finance.
Retail Investors Take Note
Eric Jackson's endorsements carry weight, particularly among retail investors. His track record of identifying promising opportunities means that when he speaks about a stock, people listen. The recent surge in BETR's price is a clear indication of the impact of his pronouncements.
Massive Year-to-Date Growth
The surge propelled Better Home & Finance stock to an impressive 682% increase year-to-date. This remarkable growth underscores the company's potential and the growing investor confidence in its business model. Whether it can live up to Jackson's lofty expectations remains to be seen, but the initial reaction is undeniably positive.