Rocket Companies Stock Forecast, Price & News

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Rocket Companies in the last year. There are currently 3 sell ratings, 12 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Rocket Companies stock. 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 analyst ratings for Rocket Companies or view top-rated stocks.

Wall Street analysts have given Rocket Companies a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Rocket Companies wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Rocket Companies saw a increase in short interest in the month of July. As of July 15th, there was short interest totaling 16,860,000 shares, an increase of 22.0% from the June 30th total of 13,820,000 shares. Based on an average trading volume of 8,950,000 shares, the days-to-cover ratio is presently 1.9 days. Approximately 13.0% of the shares of the company are sold short.
View Rocket Companies' Short Interest.

Rocket Companies is scheduled to release its next quarterly earnings announcement on Wednesday, August 4th 2021.
View our earnings forecast for Rocket Companies.

Rocket Companies, Inc. (NYSE:RKT) issued its earnings results on Wednesday, May, 5th. The company reported $0.55 EPS for the quarter, missing the Zacks' consensus estimate of $0.92 by $0.37. The firm earned $4.58 billion during the quarter, compared to analysts' expectations of $4.41 billion. Rocket Companies had a trailing twelve-month return on equity of 139.59% and a net margin of 19.96%.
View Rocket Companies' earnings history.

Rocket Companies declared a dividend on Thursday, February 25th. Investors of record on Tuesday, March 9th will be given a dividend of $1.11 per share on Tuesday, March 23rd. The ex-dividend date of this dividend is Monday, March 8th.
View Rocket Companies' dividend history.

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 issued to shareholders after the market closes on Wednesday, August 27th 2014. An investor that had 100 shares of Rocket Companies stock prior to the split would have 200 shares after the split.

18 equities research analysts have issued 1-year price objectives for Rocket Companies' shares. Their forecasts range from $12.00 to $35.00. On average, they expect Rocket Companies' stock price to reach $21.81 in the next year. This suggests a possible upside of 26.5% from the stock's current price.
View analysts' price targets for Rocket Companies or view top-rated stocks among Wall Street analysts.

Some companies that are related to Rocket Companies include PennyMac Financial Services (PFSI), UWM (UWMC), Home Point Capital (HMPT), Finance Of America Companies (FOA), Ocwen Financial (OCN), Farmhouse (FMHS), Mopals.com (PALS) and PSM HOLDINGS IN/SH (PSMH).
View all of RKT's competitors.

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), The Boeing (BA), Square (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 $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 variety of institutional and retail investors. Top institutional shareholders include Stratos Wealth Partners LTD. (0.00%).
View institutional ownership trends for Rocket Companies.

RKT stock was acquired by a variety of institutional investors in the last quarter, including Stratos Wealth Partners LTD..
View insider buying and selling activity for Rocket Companies or or view top insider-buying stocks.

Shares of RKT 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.

One share of RKT stock can currently be purchased for approximately $17.24.

Rocket Companies has a market capitalization of $34.23 billion and generates $15.74 billion in revenue each year. The company earns $197.95 million in net income (profit) each year or $3.19 on an earnings per share basis.

Rocket Companies employs 24,000 workers across the globe.

Rocket Companies was founded in 1985.

The official website for Rocket Companies is www.rocketcompanies.com.

Rocket Companies is headquartered at 1050 WOODWARD AVENUE, DETROIT MI, 48226.

Rocket Companies' mailing address is 1050 WOODWARD AVENUE, DETROIT MI, 48226. The company can be reached via phone at 800-226-6308 or via email at [email protected]