STOCK MARKET: Better Home & Finance doubles after recommendation by Jackson of Opendoor fame

Eric Jackson, a hedge fund manager who partly contributed to the trading explosion in Opendoor, unveiled his new pick Monday — Better Home & Finance Holding Co. Jackson said his firm holds a position in Better Home but didn’t disclose its size.

At one point Monday, Better Home leapt 176% to an intraday high of $94.06 after Jackson touted the stock on X. The New York-based mortgage lender soared more than 36% last week. Better Home’s market capitalization was a little more than $500 million as of Friday’s close, according to FactSet data.

The EMJ Capital president and founder called Better Home “the Shopify of mortgages” and said the company is rebuilding a $15 trillion industry from scratch using artificial intelligence. Shopify is a Canadian e-commerce platform.

Jackson noted that newly public blockchain lender Figure Technology Solutions has a much higher multiple that Better Home.

“$FIGR just IPO’ed & trades at 19× 2026 sales. BETR trades at just 1× — but is growing faster than FIGR,” he said. “I believe BETR is a potential 350-bagger in 2 years. They laugh at BETR now at $34 like they laughed at CVNA at $3.50 and OPEN at 51¢. But this is no meme.”