Opendoor’s stock could surge to $82 by year-end, Eric Jackson predicts. The CEO’s departure has Jackson bullish on the company, comparing it to the “Airbnb of housing.” Despite a 600% gain since July, Jackson believes Opendoor’s rally is just beginning. Investors are eager for what’s to come.

To reach the ambitious price target, Opendoor must shift focus to being a middleman between buyers and sellers, a unique market position with little competition. Jackson emphasizes the importance of co-founders Keith Rabois and Eric Wu returning to the board to guide the company back to its roots. International expansion and Jackson joining the board are also key factors in achieving success.

Jackson envisions Opendoor generating $1.4 billion in free cash flow by 2026 with the right CEO. Despite criticism of “pumping and dumping,” Opendoor remains a top holding in Jackson’s fund. The hedge fund manager is undeterred by online critics, focusing on his efforts to unlock value in the company.

Read more at Yahoo Finance: The hedge funder who sparked the rally in Opendoor stock says the CEO’s departure sets the stage for a 2,000% surge this year