Rocket Companies - RKT Stock Forecast, Price & News

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Rocket Companies in the last twelve months. There are currently 2 sell ratings, 9 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.
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12 Wall Street research analysts have issued 12 month price objectives for Rocket Companies' shares. Their RKT share price forecasts range from $6.50 to $18.00. On average, they expect the company's share price to reach $9.88 in the next year. This suggests a possible upside of 41.1% from the stock's current price.
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Rocket Companies' stock was trading at $14.00 at the start of the year. Since then, RKT shares have decreased by 50.0% and is now trading at $7.00.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
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Rocket Companies, Inc. (NYSE:RKT) announced its earnings results on Thursday, August, 4th. The company reported ($0.03) earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by $0.05. The business had revenue of $1.39 billion for the quarter, compared to analysts' expectations of $1.53 billion. Rocket Companies had a net margin of 1.85% and a trailing twelve-month return on equity of 19.79%. The business's quarterly revenue was down 47.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.44 earnings per share.

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

Rocket Companies shares split on Thursday, August 28th 2014. The 2-1 split was announced on Monday, July 28th 2014. The newly minted shares were issued 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.

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 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 State Street Corp (0.28%), Renaissance Technologies LLC (0.12%), ValueAct Holdings L.P. (0.10%), Bruni J V & Co. Co. (0.08%), Federated Hermes Inc. (0.06%) and Millennium Management LLC (0.06%). 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 $7.00.

Rocket Companies (NYSE:RKT) has a market capitalization of $13.79 billion and generates $12.91 billion in revenue each year. The company earns $308.21 million in net income (profit) each year or $1.28 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.