Eric Jackson Declares Nextdoor Stock as His Latest '100-Bagger' Investment
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 11 2025
0mins
Should l Buy OPEN?
Source: Benzinga
Eric Jackson's New Investment Pick: Eric Jackson, known for his successful investment in Opendoor Technologies, has identified Nextdoor Holdings as his next high-potential stock, labeling it the "most mispriced Agentic-AI platform of the 2020s," which has led to a significant increase in its stock price.
Thesis on Nextdoor's Value: Jackson argues that Nextdoor possesses a unique "identity graph" that connects verified users to physical addresses, making it a valuable asset in the emerging AI landscape, with potential stock value estimates reaching upwards of $370.
Speculative Nature and Risks: Despite the excitement surrounding Nextdoor, the stock remains speculative, with only one analyst covering it and concerns about the company's ability to monetize its user base effectively, as it has never reported a profitable quarter.
Current Stock Performance: As of the latest report, Nextdoor's stock was trading at approximately $3.15, reflecting a 24.51% increase, although it faces challenges in transitioning from a neighborhood app to a key player in the AI economy.
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Analyst Views on OPEN
Wall Street analysts forecast OPEN stock price to fall
5 Analyst Rating
1 Buy
2 Hold
2 Sell
Hold
Current: 5.080
Low
1.40
Averages
4.35
High
8.00
Current: 5.080
Low
1.40
Averages
4.35
High
8.00
About OPEN
Opendoor Technologies Inc. is an e-commerce platform for residential real estate transactions. By leveraging software, data science, product design and operations, the Company is engaged in building a technology platform for residential real estate that offers buyers and sellers a digital, on-demand experience. Its product offerings include Sell to Opendoor, List with Opendoor and Opendoor Marketplace. Sell to Opendoor enables sellers to utilize its core product offering to sell their home directly to it, and it resells the home to a home buyer. By selling to Opendoor, homeowners can avoid the stress of open houses, home repair coordination, overlapping mortgages, and the uncertainty that can come with listing a home on the open market. Its capital-light marketplace offering connects home sellers with both institutional and retail buyers, facilitating transactions without Opendoor taking ownership of the home. Its listing product is available in nearly all Opendoor markets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Tech-Driven Services: His S.MPLE AI platform aims to automate administrative and marketing tasks, allowing agents to better connect with clients, thereby enhancing operational efficiency and strengthening market competitiveness.
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- Wage vs. Price Growth: Chief Economist Lawrence Yun highlighted that wage growth is now outpacing home price growth by nearly four percentage points, and while mortgage rates are significantly lower than last year, actual housing demand remains muted.
- Inventory Levels: There were 1.29 million units for sale at the end of February, a 2.4% increase from January, yet this remains below the six-month supply considered balanced, reflecting a sluggish supply growth trend.
- First-Time Buyer Share: First-time buyers accounted for 34% of total sales, up from 31% a year ago, indicating an increase in market participation among new buyers despite low inventory and high prices.
See More
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- Revenue Forecast Upgrade: Eric Jackson from EMJ Capital suggests that Opendoor's price target may be underestimated, projecting a rise to $82 per share by 2028, representing a staggering 1,540% increase from the current $5 price point.
- Internal Execution Improvement: Since CEO Kaz Nejati took over in September, Opendoor's weekly acquisitions surged from 131 homes to 442 homes, a 3.4x increase, indicating a significant enhancement in operational efficiency.
- Transformation into Fintech Platform: Jackson highlights that Opendoor is evolving into a 'housing-fintech platform,' akin to Carvana's success, emphasizing the distribution of high-margin financial products, which shifts the market's perspective on iBuying.
- Operating Leverage and Growth Potential: While Bloomberg consensus estimates FY2026 revenue at $4.2 billion, Jackson believes the current acquisition pace could nearly double this figure, and with a 40% headcount reduction, Opendoor is poised for substantial operating leverage.
See More
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- Acquisition Acceleration: Opendoor's weekly home acquisitions surged from approximately 131 to 442, indicating a proactive market expansion despite the stock's 50% decline since last September, reflecting skepticism about its growth potential.
- Organizational Restructuring: Under new CEO Kaz Nejatian, Opendoor has reduced its workforce by 40%, aiming to enhance operational efficiency, although Wall Street has not fully accounted for the operational leverage from these cuts.
- Mortgage Business Innovation: The launch of a 4.99% mortgage rate product and the acquisition of HomeBuyer.com could serve as key growth drivers for Opendoor's mortgage business, despite market skepticism regarding subsidized mortgages.
- Market Sentiment Decline: Despite Nejatian's acceleration on several fronts, retail traders' interest in Opendoor has waned, with Stocktwits sentiment predominantly bearish over the past three months and message volume declining by 87% in the last 30 days, indicating a pullback in retail activity.
See More
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- Seller Behavior Shift: Close to 85,000 sellers delisted their homes in September 2024, a 28% increase from the previous year, reflecting how high mortgage rates and economic uncertainty have led sellers to temporarily withdraw from the market.
- Inventory Status: Nationally, the inventory of homes for sale has increased compared to last year, with active listings up 7.9% year-over-year in February; however, this growth has been shrinking for nine consecutive months, indicating a slowdown in supply momentum.
- Regional Supply-Demand Disparities: Supply improvements are concentrated in the South and West, particularly for homes priced below $500,000, while the Northeast and Midwest remain significantly undersupplied, highlighting ongoing imbalances in the market.
See More
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- Rising Market Sentiment: Stocktwits sentiment for TTD is currently just below its peak earlier this week, with investors forecasting the stock could double to $50, reflecting strong optimism about the company's future potential, especially amid rising short positions.
- OpenAI Partnership Potential: Early discussions about a potential collaboration with OpenAI have sparked considerable market interest, and if successful, this partnership could introduce a new revenue stream for TTD while further solidifying its dominance in programmatic advertising, potentially revitalizing the company's performance.
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