Hedge fund supervisor Eric Jackson targets Canadian rapper Drake as a catalyst for Opendoor Applied sciences Inc. OPEN. Jackson filmed promotional movies outdoors Drake’s Toronto house, urging movie star funding within the “OPEN Military.”

Try how OPEN inventory is buying and selling right here. 

“He began from the underside – effectively, so did we,” Jackson posted on August 1. At Friday’s Unbiased Investor Summit, Jackson confirmed Drake’s representatives indicated the rapper “likes the corporate.”

Administration Transformation Drives Rally

In line with a Enterprise Insider report, the Californian digital actual property skilled a 1,500% summer season rally following Jackson’s X thesis. Shares surged after asserting former Shopify Inc. SHOP Chief Working Officer Kaz Nejatian as CEO, with co-founders Keith Rabois and Eric Wu returning to board.

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“The administration query has been resolved,” Jackson beforehand said. Rabois assumes chairman function in “FounderMode” transition.

Retail Military Mobilizes

Jackson’s marketing campaign gained robust assist from retail traders. Scott Findlay, an investor, described Drake’s technique as “hands-on, grassroots advertising” geared toward reaching unconventional audiences.

Bull Case Emerges

Jackson describes OPEN because the “Amazon AMZN of housing,” aiming to streamline the shopping for and promoting course of. He additionally highlighted dangers like extended excessive rates of interest and worries about profitability, even after the corporate posted its first constructive earnings earlier than curiosity, taxes, depreciation, and amortization in three years.

The actual property innovator compares OPEN to Tesla Inc. TSLA and Palantir Applied sciences Inc. PLTR, highlighting their devoted buyer bases and deal with addressing actual market calls for.

Inventory Efficiency Soars

In 2025, OPEN gained 466.88%. On September 11, the inventory reached a peak value of $10.52 with a buying and selling quantity of 1.1 billion shares, considerably greater than the common quantity of 344.10 million.

The property innovator has an annual value vary of $0.51 to $10.70, with a market capitalization of $6.68 billion.

Value Motion: Opendoor noticed a dip of 13.78% and closed at $9.07 on Friday, based on Benzinga Professional information.

With a powerful momentum within the 99th percentile, Benzinga’s Edge Inventory Rankings present that OPEN is experiencing a constructive value development throughout all time frames. See how its momentum compares to different well-known shares.