Rocket Companies (NYSE:RKT) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Key Points

• JPMorgan raised Rocket Companies’ price target from $12.50 to $13.00 but maintained a “neutral” rating, implying only about 1.48% upside from the reported $12.81 share price.
• Analyst sentiment is generally positive, with eight Buy ratings and seven Holds, producing a “Moderate Buy” consensus and an average price target of $18.75. Other targets range from $13.00 at Wells Fargo to $19.00 at Benchmark.
• Rocket’s latest results showed an earnings beat and 37.4% year-over-year revenue growth, although revenue slightly missed estimates. High mortgage costs and weak housing affordability remain risks, while insiders have sold 450,000 shares over the past 90 days.

Rocket Companies (NYSE:RKT - Get Free Report) had its target price hoisted by research analysts at JPMorgan Chase & Co. from $12.50 to $13.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price objective suggests a potential upside of 1.48% from the company's current price.

A number of other equities analysts have also recently commented on the stock. Wells Fargo & Company set a $13.00 price objective on shares of Rocket Companies and gave the stock an "equal weight" rating in a research note on Tuesday, October 6th. Barclays lowered their target price on Rocket Companies from $17.00 to $15.00 and set an "overweight" rating on the stock in a research note on Monday, October 5th. Benchmark dropped their price target on shares of Rocket Companies from $21.00 to $19.00 and set a "buy" rating for the company in a research report on Friday, August 7th. Weiss Ratings upgraded shares of Rocket Companies from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, October 8th. Finally, Morgan Stanley set a $16.00 price objective on shares of Rocket Companies and gave the stock an "overweight" rating in a report on Monday, October 12th. Eight investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $18.75.

Rocket Companies Stock Up 7.5%

Shares of NYSE RKT traded up $0.89 during mid-day trading on Friday, reaching $12.81. 54,366,624 shares of the company's stock were exchanged, compared to its average volume of 30,364,518. The business has a fifty day simple moving average of $12.40 and a 200 day simple moving average of $14.81. The company has a current ratio of 4.85, a quick ratio of 4.85 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $36.27 billion, a price-to-earnings ratio of 91.50, a PEG ratio of 3.46 and a beta of 2.23. Rocket Companies has a twelve month low of $10.18 and a twelve month high of $24.36.

Rocket Companies (NYSE:RKT - Get Free Report) last announced its earnings results on Thursday, October 29th. The company reported $0.15 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.01. The business had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.58 billion. Rocket Companies had a net margin of 4.70% and a return on equity of 5.13%. Rocket Companies's quarterly revenue was up 37.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.07 earnings per share. As a group, equities analysts expect that Rocket Companies will post 0.48 EPS for the current fiscal year.

Insider Transactions at Rocket Companies

In related news, CEO Jesse Bray sold 92,300 shares of the stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $12.39, for a total transaction of $1,143,597.00. Following the completion of the sale, the chief executive officer owned 7,728,027 shares in the company, valued at approximately $95,750,254.53. This trade represents a 1.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 450,000 shares of company stock valued at $5,687,074 in the last 90 days. Company insiders own 57.68% of the company's stock.

Institutional Trading of Rocket Companies

Institutional investors and hedge funds have recently bought and sold shares of the business. Amundi lifted its position in shares of Rocket Companies by 152.1% during the first quarter. Amundi now owns 13,725,878 shares of the company's stock worth $195,594,000 after purchasing an additional 8,280,463 shares during the last quarter. Wellington Management Group LLP increased its stake in Rocket Companies by 64.5% during the 2nd quarter. Wellington Management Group LLP now owns 9,029,295 shares of the company's stock worth $142,211,000 after purchasing an additional 3,541,916 shares in the last quarter. Atreides Management LP boosted its stake in shares of Rocket Companies by 69.7% during the 1st quarter. Atreides Management LP now owns 6,114,947 shares of the company's stock worth $87,138,000 after acquiring an additional 2,512,384 shares during the period. Maple Rock Capital Partners Inc. increased its stake in Rocket Companies by 76.9% in the second quarter. Maple Rock Capital Partners Inc. now owns 5,543,600 shares of the company's stock valued at $87,312,000 after acquiring an additional 2,410,400 shares during the last quarter. Finally, Assenagon Asset Management S.A. acquired a new position in Rocket Companies in the second quarter valued at approximately $74,874,000. Hedge funds and other institutional investors own 4.59% of the company's stock.

Key Headlines Impacting Rocket Companies

Here are the key news stories impacting Rocket Companies this week:

• Positive Sentiment: Q3 earnings beat expectations: Rocket reported adjusted EPS of $0.15, above the $0.14 analyst consensus and more than double the $0.07 reported a year earlier. Adjusted revenue reached $2.57 billion, while total revenue was $3.28 billion. Rocket Companies Announces Third Quarter 2026 Results
• Positive Sentiment: Substantial growth in revenue and profit: Quarterly revenue increased 37.4% year over year. Rocket posted $709 million in GAAP net income and $419 million in adjusted net income, supporting the view that profitability is improving despite elevated mortgage rates. Rocket Companies Q3 earnings surprise to the upside as profitability improves
• Positive Sentiment: Management provided a sizable Q4 revenue outlook: Rocket expects fourth-quarter revenue of $2.10 billion to $2.30 billion, giving investors visibility into continued business activity. Rocket Companies Q4 revenue outlook
• Neutral Sentiment: Revenue of $2.57 billion was slightly below the roughly $2.58 billion consensus estimate, indicating that the earnings beat was driven primarily by profitability rather than stronger-than-expected sales.
• Negative Sentiment: RBC reduced its price target: Royal Bank of Canada cut its target from $16 to $14 and maintained a “sector perform” rating, signaling limited near-term upside and caution about Rocket’s valuation or operating environment. Royal Bank of Canada recommendations
• Negative Sentiment: Housing conditions remain challenging: U.S. home-sale prices declined for the first time in more than three years, while median mortgage payments remain near record levels. High borrowing costs and weak affordability could constrain purchase and mortgage-origination volumes. U.S. Home-Sale Prices Just Fell

About Rocket Companies

Rocket Companies, Inc is a Detroit-based financial technology company that operates a portfolio of consumer finance and real estate businesses. Its platform is designed to simplify the homeownership process through digital applications, automated workflows and online customer support.

The company's principal business is Rocket Mortgage, a residential mortgage lender and servicer offering home purchase, refinance and home equity products. Its broader portfolio includes Rocket Homes, a real estate services platform; Rocket Money, a personal finance app that helps consumers manage subscriptions, budgets and bills; Rocket Loans, which provides personal loans; and Rocket Pro, which supports mortgage brokers and other partners.

Rocket Companies traces its history to 1985, when Dan Gilbert founded Rock Financial.

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