Rocket Companies' (RKT) Buy Rating Reaffirmed at BTIG Research

Key Points

• BTIG Research has reaffirmed a "buy" rating for Rocket Companies (RKT) with a target price of $25, suggesting a potential upside of 53.85% from its current price.
• Despite favorable analyst ratings from BTIG and Bank of America, Zacks Research recently downgraded Rocket Companies to a "strong sell," indicating mixed sentiments among analysts.
• Rocket Companies reported $1.36 billion in revenue for the last quarter, exceeding analyst expectations, and has set Q3 2025 earnings guidance with expectations of $0.15 EPS for the current fiscal year.

Rocket Companies (NYSE:RKT - Get Free Report)'s stock had its "buy" rating restated by investment analysts at BTIG Research in a research report issued on Friday,Benzinga reports. They currently have a $25.00 price objective on the stock. BTIG Research's target price would indicate a potential upside of 53.85% from the stock's current price.

RKT has been the topic of several other reports. Zacks Research lowered Rocket Companies from a "hold" rating to a "strong sell" rating in a report on Monday, September 29th. Weiss Ratings reissued a "sell (d)" rating on shares of Rocket Companies in a report on Wednesday. Jefferies Financial Group increased their target price on Rocket Companies from $11.50 to $14.00 and gave the stock a "hold" rating in a report on Tuesday, July 22nd. Bank of America raised Rocket Companies from a "neutral" rating to a "buy" rating and increased their target price for the stock from $21.00 to $24.00 in a report on Wednesday, September 10th. Finally, Morgan Stanley upped their price objective on Rocket Companies from $16.00 to $18.00 and gave the stock an "equal weight" rating in a research report on Monday, September 29th. Three analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, Rocket Companies currently has an average rating of "Reduce" and an average target price of $17.04.

Rocket Companies Stock Performance

RKT opened at $16.25 on Friday. The firm has a market cap of $34.20 billion, a P/E ratio of -325.00 and a beta of 2.23. Rocket Companies has a 52-week low of $10.06 and a 52-week high of $22.56. The company has a debt-to-equity ratio of 2.36, a quick ratio of 18.74 and a current ratio of 18.74. The business's fifty day moving average is $18.78 and its 200-day moving average is $15.20.

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

Hedge Funds Weigh In On Rocket Companies

Large investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its position in shares of Rocket Companies by 18.4% during the second quarter. PNC Financial Services Group Inc. now owns 3,890 shares of the company's stock worth $55,000 after acquiring an additional 605 shares during the last quarter. Amundi raised its position in shares of Rocket Companies by 2.3% during the second quarter. Amundi now owns 34,170 shares of the company's stock worth $498,000 after acquiring an additional 754 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Rocket Companies by 23.2% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,339 shares of the company's stock worth $62,000 after acquiring an additional 816 shares during the last quarter. USS Investment Management Ltd raised its position in shares of Rocket Companies by 2.7% during the first quarter. USS Investment Management Ltd now owns 37,152 shares of the company's stock worth $448,000 after acquiring an additional 967 shares during the last quarter. Finally, Missouri Trust & Investment Co raised its position in shares of Rocket Companies by 1.1% during the second quarter. Missouri Trust & Investment Co now owns 94,395 shares of the company's stock worth $1,339,000 after acquiring an additional 1,000 shares during the last quarter. 4.59% of the stock is currently owned by institutional investors.

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.

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