Open stock skyrocketed 200% this month alone in what’s shaping up to be one of the strongest moves of 2025 so far.
The rally picked up serious steam this week, especially after hedge fund manager Eric Jackson’s bullish take on the company went viral.
His endorsement lit up social media and brought a flood of retail traders into the stock, drawing comparisons to past meme-stock frenzies like GameStop.
On Thursday alone, the stock jumped another 10% to 11%, capping off a staggering run that’s taken it from under a dollar earlier this year to more than double that in just a few weeks.
It closed Friday at $2.25 after another strong session and kept climbing in premarket trading, touching around $2.52.
It’s the kind of move that has Wall Street and Reddit alike buzzing and no one’s quite sure where it stops.
Open stock: What’s driving the surge?
Eric Jackson of EMJ Capital drew a bold comparison this week, likening Opendoor’s potential upside to Carvana’s dramatic comeback, even going so far as to call it a possible “100-bagger” over the next few years.
That call caught fire on social media, helping spark a surge of retail interest and turning Opendoor into the latest stock to ride the wave of meme-fueled momentum.
Adding to the bullish sentiment was the company’s shift toward a leaner, agent-assisted model, a move investors have generally welcomed as a step toward more sustainable growth.
At the same time, Opendoor’s unusually high short interest poured gasoline on the rally.
As the stock climbed, short sellers rushed to cover, setting off a feedback loop that felt a lot like the GameStop playbook: retail enthusiasm, social buzz, and a short squeeze all feeding into one another.
Why are analysts worried?
Even with the recent breakout, analysts are urging caution.
Opendoor’s current share price is now well above most published price targets, which generally fall between $0.68 and $2.00, a clear sign, they say, that the rally has been fueled more by hype than hard fundamentals.
The company still faces steep financial headwinds: a sizable debt load, ongoing net losses, and an Altman Z-Score that points to heightened bankruptcy risk.
While some see long-term promise if Opendoor can pull off its strategic pivot, many view the stock as a high-stakes gamble, one that could pay off big or fizzle out just as fast.
Opendoor’s sudden rise has captured plenty of attention, but the story is far from over. While the recent rally feels new and exciting, investors would do well to remember that the road ahead remains anything but clear.
With sentiment running high and fundamentals still in flux, the stock’s future will likely depend on a delicate balance between execution and market mood.
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