Activist investor Eric Jackson’s endorsement as “the Shopify of mortgages” sent Better Home & Finance stock soaring, doubling in value to $73 before settling at $60. Jackson’s hedge fund, EMJ Capital, holds a long position in the stock, predicting a potential 350-bagger in 2 years.

Jackson compares Better Home to previous successful picks like Carvana, emphasizing the company’s potential for exponential growth. His track record includes turning low-priced stocks like Carvana into major successes, now trading at over $390.

Following a period of volatility, Opendoor Technologies saw a surge in stock price after news of hiring Kaz Nejatian, former COO of Shopify, as CEO. This move came after previous CEO Carrie Wheeler resigned under pressure for allegedly lacking ambition for growth.

Shopify, a leading e-commerce software giant, has revolutionized direct-to-consumer online business transactions, establishing itself as a dominant force in recent years. Carvana, another successful pick by Jackson, has seen significant growth from below $10 to over $390, showcasing his knack for identifying potential winners.

Read more at finance.yahoo.com: Better Home & Finance stock doubles after investor behind Opendoor rally calls it the ‘Shopify of mortgages’