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Rocket Companies (RKT) Stock Forecast, Price & News

$8.08
-0.10 (-1.22%)
(As of 11:09 AM ET)
Compare
Today's Range
$8.05
$8.27
50-Day Range
$8.13
$11.80
52-Week Range
$5.97
$11.94
Volume
926,656 shs
Average Volume
2.32 million shs
Market Capitalization
$15.98 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$9.59

Rocket Companies MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
17.7% Upside
$9.59 Price Target
Short Interest
Bearish
19.61% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.17mentions of Rocket Companies in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$129,000 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.15) to $0.47 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.67 out of 5 stars

Business Services Sector

264th out of 317 stocks

Mortgage Bankers & Correspondents Industry

4th out of 5 stocks


RKT stock logo

About Rocket Companies (NYSE:RKT) Stock

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; Rocket Auto, a virtual marketplace where consumers can shop and compare vehicles of many makes and models from a wide network of dealers; and Rocket Loans, an online-based personal loans business. It also offers Core Digital Media, a digital, social, and display advertiser in the mortgage, insurance, and education sectors; Rocket Solar, a tech-driven, residential solar energy provider; Rocket Money, a personal finance app that helps clients manage every aspect of their financial lives; Lendesk, a software services company that provides a point of sale system for mortgage professionals and a loan origination system for private lenders; Rocket Central, a professional services organization that provides technology, data, marketing, communication and other services; Rock Connections, a sales and support platform specializing in contact center services; Rocket Innovation Studio that recruits and mentors top technology talent; and Edison Financial, a digital mortgage broker. In addition, the company originates, closes, sells, and services agency-conforming loans. Rocket Companies, Inc. was founded in 1985 and is headquartered in Detroit, Michigan. Rocket Companies, Inc. operates as a subsidiary of Rock Holdings Inc.

RKT Price History

RKT Stock News Headlines

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7 Stocks to Sell for Cash Right Now
Rocket Companies Stock Rises After Q2 Beat: The Details
Rocket Companies Announces Second Quarter 2023 Results
Piper Sandler Keeps Their Hold Rating on Rocket Companies (RKT)
See More Headlines
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RKT Company Calendar

Last Earnings
8/03/2023
Today
10/02/2023
Next Earnings (Estimated)
11/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Mortgage bankers & correspondents
Sub-Industry
N/A
Fax
N/A
Employees
18,500
Year Founded
1985

Price Target and Rating

Average Stock Price Forecast
$9.59
High Stock Price Forecast
$11.50
Low Stock Price Forecast
$6.00
Forecasted Upside/Downside
+17.2%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
12 Analysts

Profitability

Net Income
$46.42 million
Pretax Margin
-18.40%

Debt

Sales & Book Value

Annual Sales
$3.52 billion
Book Value
$4.30 per share

Miscellaneous

Outstanding Shares
1,977,251,000
Free Float
117,646,000
Market Cap
$16.17 billion
Optionable
Not Optionable
Beta
2.13

Social Links

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Key Executives

  • Mr. Daniel B. Gilbert (Age 61)
    Founder & Chairman
  • Mr. Brian Nicholas Brown
    CFO & Treasurer
  • Ms. Tina V. John
    Gen. Counsel & Sec.
  • Mr. Varun Krishna (Age 41)
    Chief Exec. Officer
  • Mr. William C. Emerson (Age 60)
    Pres, COO & Director
  • Ms. Sharon Ng
    VP of Investor Relations
  • Ms. KimArie Yowell
    Chief Diversity Officer
  • Mr. Bill Banfield
    Exec. VP-Capital Market of Rocket Mortgage
  • Ms. LaQuanda Sain
    Exec. VP-Servicing of Rocket Mortgage
  • Mr. Brian Woodring
    Chief Information Officer of Rocket Mortgage













RKT Stock - Frequently Asked Questions

Should I buy or sell Rocket Companies stock right now?

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Rocket Companies in the last year. There are currently 1 sell rating, 10 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" RKT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RKT, but not buy additional shares or sell existing shares.
View RKT analyst ratings
or view top-rated stocks.

What is Rocket Companies' stock price forecast for 2023?

12 analysts have issued 12 month target prices for Rocket Companies' shares. Their RKT share price forecasts range from $6.00 to $11.50. On average, they anticipate the company's share price to reach $9.59 in the next year. This suggests a possible upside of 17.2% from the stock's current price.
View analysts price targets for RKT
or view top-rated stocks among Wall Street analysts.

How have RKT shares performed in 2023?

Rocket Companies' stock was trading at $7.00 at the start of the year. Since then, RKT stock has increased by 16.9% and is now trading at $8.18.
View the best growth stocks for 2023 here
.

When is Rocket Companies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our RKT earnings forecast
.

How were Rocket Companies' earnings last quarter?

Rocket Companies, Inc. (NYSE:RKT) announced its quarterly earnings data on Thursday, August, 3rd. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.07) by $0.02. The company earned $1.24 billion during the quarter, compared to the consensus estimate of $983.18 million. Rocket Companies had a negative trailing twelve-month return on equity of 8.21% and a negative net margin of 0.59%.

What ETFs hold Rocket Companies' stock?
Is Rocket Companies a good dividend stock?

Rocket Companies (NYSE:RKT) pays an annual dividend of $1.28 per share and currently has a dividend yield of 0.00%.
Read our dividend analysis for RKT.

When did Rocket Companies' stock split?

Shares of Rocket Companies split before market open on Thursday, August 28th 2014. The 2-1 split was announced on Monday, July 28th 2014. The newly created shares were payable to shareholders after the market closes on Wednesday, August 27th 2014. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

What guidance has Rocket Companies issued on next quarter's earnings?

Rocket Companies updated its third quarter 2023 earnings guidance on Thursday, August, 3rd. The company provided EPS guidance of for the period. The company issued revenue guidance of $850.00M-$1.00 billion, compared to the consensus revenue estimate of $1.01 billion.

What other stocks do shareholders of Rocket Companies own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Rocket Companies investors own include Tesla (TSLA), NVIDIA (NVDA), Advanced Micro Devices (AMD), Boeing (BA), Block (SQ), DraftKings (DKNG), Zoom Video Communications (ZM), NIO (NIO), Walmart (WMT) and DocuSign (DOCU).

When did Rocket Companies IPO?

(RKT) raised $3.2 billion in an initial public offering on Thursday, August 6th 2020. The company issued 150,000,000 shares at a price of $20.00-$22.00 per share. Goldman Sachs, Morgan Stanley, Credit Suisse, J.P. Morgan, RBC Capital Markets, Allen & Co, BofA Securities, Barclays, Citigroup and UBS Investment Bank acted as the underwriters for the IPO and Castle Oak Securities, Drexel Hamilton, Fifth Third Securities, Huntington Capital Markets, Loop Capital, Mischler Financial, Nomura, Ramirez & Co., Siebert Williams Shank and Zelman Partners were co-managers.

What is Rocket Companies' stock symbol?

Rocket Companies trades on the New York Stock Exchange (NYSE) under the ticker symbol "RKT."

How do I buy shares of Rocket Companies?

Shares of RKT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Rocket Companies' stock price today?

One share of RKT stock can currently be purchased for approximately $8.18.

How much money does Rocket Companies make?

Rocket Companies (NYSE:RKT) has a market capitalization of $16.17 billion and generates $3.52 billion in revenue each year. The company earns $46.42 million in net income (profit) each year or ($0.21) on an earnings per share basis.

How many employees does Rocket Companies have?

The company employs 18,500 workers across the globe.

Does Rocket Companies have any subsidiaries?
The following companies are subsidiares of Rocket Companies: Amrock LLC, Rocket Mortgage LLC, and Truebill.
Read More
How can I contact Rocket Companies?

Rocket Companies' mailing address is 1050 WOODWARD AVENUE, DETROIT MI, 48226. The official website for the company is www.rocketcompanies.com. The company can be reached via phone at 313-373-7990 or via email at ir@rocketcompanies.com.

This page (NYSE:RKT) was last updated on 10/2/2023 by MarketBeat.com Staff

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