The only company by Chamath who’s yet to make a run- $OPEN
After CLOV, SOFI, AND SPCE- all recovered from the last months dips in growth, only Opendoor hasn’t yet recovered and is still consolidating around 17$ after it was 39$ earlier this year with intention to go much higher.
IMO, Opendoor is BY FAR the best company out of any Chamath’ stocks and after slowing down during COVID, they proved in their last earning report that they are back to be a super-high growth company with over 1.5B$ in cash and a huge capitalization over the real-estate market.OPEN is only valued now at about 10B$ with earnings of about 4$B expected this year, super low valuation of barely X2.5 Price-to-sales.They dominate the iBuying market over Zillow and Redfin- image attached, and will surely be a multi-bagger in the upcoming years. My PT is 50$ within the next 6-12 months and 100$ within 2 years.
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June 11, 2021 at 10:30AM