Opendoor Shares Surge 19% After CEO Carrie Wheeler Resigns

Opendoor Technologies' stock has experienced a remarkable rally in 2025, surging over 600% since July and continuing to gain momentum following CEO Carrie Wheeler's resignation. Hedge fund manager Eric Jackson, who predicted the rally and called for Wheeler's departure, envisions Opendoor transforming into an 'Airbnb of housing' by shifting away from iBuying to become a lightweight interface between buyers and sellers, potentially driving the stock price to $82 by year-end. Despite the enthusiasm and social media buzz fueling gains of around 19% in single sessions, Wall Street analysts maintain a cautious 'Hold' rating, with price targets significantly below the current trading levels, citing high volatility, financial distress signals, and potential overvaluation. Opendoor's shares have been volatile, influenced by high short interest and retail investor activity, but the company shows some positive signs such as expanding operating margins and no indication of financial manipulation. The leadership transition to interim CEO Shrisha Radhakrishna underscores a strategic pivot that investors hope will usher in more sustainable growth. However, the broad range of analyst opinions and financial metrics suggests a complex outlook amid the stock's meme-stock-like trading behavior.