Shares of Better Home & Finance Holding Co. (BETR) are skyrocketing 46.84% in pre-market trading on Tuesday, building on the momentum from Monday's impressive rally. The surge comes after hedge fund manager Eric Jackson's enthusiastic endorsement of the stock, dubbing it the "Shopify of mortgages."
Jackson, founder of EMJ Capital, sparked investor enthusiasm by announcing his firm's position in BETR and sharing his bullish stance on social media platform X. He described the company as "rebuilding a $15T industry from scratch with AI" and boldly predicted it could be a "potential 350-bagger in 2 years." This endorsement echoes Jackson's previous promotion of Opendoor Technologies (OPEN), which also saw a significant stock price increase earlier this year.
The pre-market jump follows Monday's robust performance, where BETR stock closed up 46.61% at $49.98. Trading volume surged to over 40 million shares, far exceeding its average daily volume of less than 83,000. The stock has shown remarkable growth, climbing more than 700% since the beginning of 2025. However, investors should note that Wall Street analysts currently do not provide coverage for BETR, and some contributors have assigned the stock a "sell" rating, suggesting caution amidst the rapid price movement.