Rocket Companies - RKT Stock Forecast, Price & News

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Rocket Companies in the last twelve months. There are currently 4 sell ratings, 6 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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.
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11 equities research analysts have issued 1 year target prices for Rocket Companies' shares. Their RKT share price forecasts range from $6.00 to $11.00. On average, they expect the company's stock price to reach $7.96 in the next twelve months. This suggests that the stock has a possible downside of 22.6%.
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Rocket Companies' stock was trading at $7.00 at the beginning of the year. Since then, RKT stock has increased by 47.0% and is now trading at $10.29.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
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Rocket Companies, Inc. (NYSE:RKT) announced its quarterly earnings data on Thursday, November, 4th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.09. The company had revenue of $3.16 billion for the quarter, compared to analysts' expectations of $2.96 billion. Rocket Companies had a trailing twelve-month return on equity of 5.21% and a net margin of 1.41%. Rocket Companies's revenue for the quarter was down 33.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.96 earnings per share.

Rocket Companies announced a dividend on Thursday, February 24th. Investors of record on Tuesday, March 8th will be paid a dividend of $1.01 per share on Tuesday, March 22nd. The ex-dividend date of this dividend is Monday, March 7th.
Read our dividend analysis for RKT.

Rocket Companies's stock split on Thursday, August 28th 2014. The 2-1 split was announced on Monday, July 28th 2014. The newly minted 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.

Rocket Companies issued an update on its fourth quarter 2022 earnings guidance on Thursday, November, 10th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $600.00 million-$750.00 million, compared to the consensus revenue estimate of $1.09 billion.

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).

(RKT) raised $3.2 billion in an initial public offering (IPO) 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.

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

Rocket Companies' stock is owned by a number of institutional and retail investors. Top institutional investors include Simplex Trading LLC (0.00%), Kingfisher Capital LLC (0.01%), Allspring Global Investments Holdings LLC (0.01%), Bank of Montreal Can (0.00%), Intrinsic Value Partners LLC (0.00%) and Versor Investments LP (0.00%). Insiders that own company stock include Jay Farner, Jennifer L Gilbert and Matthew Rizik.
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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.
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One share of RKT stock can currently be purchased for approximately $10.29.

Rocket Companies (NYSE:RKT) has a market capitalization of $20.28 billion and generates $12.91 billion in revenue each year. The company earns $308.21 million in net income (profit) each year or $0.78 on an earnings per share basis.

The company employs 26,000 workers across the globe.

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.