Shares of Opendoor Technologies Inc. ($OPEN) surged more than 30% on August 22, 2025, closing above the $5 mark for the first time, driven by bullish retail investor sentiment and optimism around potential interest rate cuts signaled by Federal Reserve Chair Jay Powell. The stock, which was trading at 51 cents on June 25, 2025, has experienced a tenfold increase in less than two months, fueled primarily by retail investors rather than company insiders or executives. Opendoor became the most actively traded stock in the market on that day, with a premium options volume reaching $5 million. Market watchers and retail investors are speculating about the stock's potential to reach $8 to $10 in the near term, with some long-term targets as high as $82, $200, or even $500 per share, which would value the company at approximately $370 billion, placing it among the world's largest corporations. Opendoor operates as a private equity-backed brokerage and iBuyer business with a 6% national market share in the $14 trillion mortgage market. The stock's rise is characterized as a "cult stock" phenomenon rather than a meme stock, with significant attention from large Wall Street investors. Industry figures and retail traders continue to express enthusiasm about the stock's momentum and the platform Robinhood's role in facilitating trading activity. Some commentators noted that if certain key figures were involved in Opendoor's management, the stock price could be even higher.