Rocket Companies, Inc. (NYSE:RKT) Receives $15.81 Average Target Price from Analysts

Key Points

• Rocket Companies, Inc. has received a consensus recommendation of "Hold" from thirteen brokerages, with two sell ratings, nine hold ratings, one buy rating, and one strong buy rating.
• The average 1-year price target among analysts for Rocket Companies is $15.8077, with some analysts setting targets as high as $16.00.
• The company's recent earnings report showed a quarterly revenue increase of 4.5% year-over-year, beating analyst estimates with revenues of $1.36 billion.

Shares of Rocket Companies, Inc. (NYSE:RKT - Get Free Report) have been assigned an average recommendation of "Hold" from the thirteen ratings firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $15.8077.

Several brokerages have weighed in on RKT. Keefe, Bruyette & Woods upped their target price on Rocket Companies from $14.00 to $15.00 and gave the stock a "market perform" rating in a research report on Tuesday, August 5th. Barclays raised their target price on Rocket Companies from $14.00 to $16.00 and gave the company an "equal weight" rating in a report on Friday, August 1st. Jefferies Financial Group raised their target price on Rocket Companies from $11.50 to $14.00 and gave the company a "hold" rating in a report on Tuesday, July 22nd. Wedbush reiterated a "neutral" rating and issued a $12.00 price objective (down previously from $13.00) on shares of Rocket Companies in a research report on Friday, May 9th. Finally, BTIG Research upgraded Rocket Companies to a "strong-buy" rating in a research report on Tuesday, August 19th.

Hedge Funds Weigh In On Rocket Companies

Several hedge funds and other institutional investors have recently modified their holdings of RKT. North Capital Inc. increased its holdings in Rocket Companies by 287.2% during the 2nd quarter. North Capital Inc. now owns 1,820 shares of the company's stock valued at $26,000 after purchasing an additional 1,350 shares in the last quarter. SouthState Corp increased its holdings in Rocket Companies by 2,044.8% during the 2nd quarter. SouthState Corp now owns 2,059 shares of the company's stock valued at $29,000 after purchasing an additional 1,963 shares in the last quarter. Mather Group LLC. increased its holdings in Rocket Companies by 312.2% during the 1st quarter. Mather Group LLC. now owns 2,601 shares of the company's stock valued at $31,000 after purchasing an additional 1,970 shares in the last quarter. Parallel Advisors LLC increased its holdings in Rocket Companies by 302.2% during the 1st quarter. Parallel Advisors LLC now owns 2,956 shares of the company's stock valued at $36,000 after purchasing an additional 2,221 shares in the last quarter. Finally, Brooklyn Investment Group increased its holdings in Rocket Companies by 251.3% during the 1st quarter. Brooklyn Investment Group now owns 3,390 shares of the company's stock valued at $41,000 after purchasing an additional 2,425 shares in the last quarter. Institutional investors own 4.59% of the company's stock.

Rocket Companies Stock Up 4.5%

RKT stock traded up $0.78 during mid-day trading on Friday, hitting $17.94. The stock had a trading volume of 7,892,974 shares, compared to its average volume of 12,756,286. The company has a current ratio of 18.74, a quick ratio of 18.74 and a debt-to-equity ratio of 2.36. Rocket Companies has a 1-year low of $10.06 and a 1-year high of $21.38. The company has a fifty day moving average of $16.05 and a 200 day moving average of $14.18. The stock has a market capitalization of $37.75 billion, a price-to-earnings ratio of -357.70 and a beta of 2.30.

Rocket Companies (NYSE:RKT - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.01. Rocket Companies had a positive return on equity of 3.18% and a negative net margin of 0.01%.The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period in the prior year, the firm posted $0.06 EPS. The business's revenue was up 4.5% compared to the same quarter last year. Rocket Companies has set its Q3 2025 guidance at EPS. On average, equities analysts expect that Rocket Companies will post 0.15 EPS for the current fiscal year.

Rocket Companies Company Profile

Rocket Companies, Inc, a fintech holding company, provides mortgage lending, title and settlement services, and other financial technology services in the United States and Canada. It operates through two segments, Direct to Consumer and Partner Network. The company's solutions include Rocket Mortgage, a mortgage lender; Amrock that provides title insurance, property valuation, and settlement services; Rocket Homes, a home search platform and real estate agent referral network, which offers technology-enabled services to support the home buying and selling experience; and Rocket Loans, an online-based personal loans business.