Rocket Companies - RKT Stock Forecast, Price & News

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Rocket Companies in the last twelve months. There are currently 3 sell ratings, 6 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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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10 brokerages have issued twelve-month price objectives for Rocket Companies' stock. Their RKT share price forecasts range from $6.00 to $10.00. On average, they anticipate the company's stock price to reach $7.67 in the next twelve months. This suggests that the stock has a possible downside of 11.4%.
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Rocket Companies' stock was trading at $7.00 at the start of the year. Since then, RKT shares have increased by 23.6% and is now trading at $8.65.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 9th 2023.
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Rocket Companies, Inc. (NYSE:RKT) released its earnings results on Thursday, November, 4th. The company reported $0.57 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.09. The firm earned $3.16 billion during the quarter, compared to analysts' expectations of $2.96 billion. Rocket Companies had a negative trailing twelve-month return on equity of 4.14% and a net margin of 0.80%. The company's revenue for the quarter was down 33.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.96 EPS.

ETFs with the largest weight of Rocket Companies (NYSE:RKT) stock in their portfolio include Davis Select Financial ETF (DFNL), First Trust S-Network E-Commerce ETF (ISHP), First Trust Financial AlphaDEX Fund (FXO), Hoya Capital Housing ETF (HOMZ), Timothy Plan High Dividend Stock ETF (TPHD), Timothy Plan High Dividend Stock Enhanced ETF (TPHE), WisdomTree U.S. SmallCap Fund (EES) and Principal Millennial Global Growth ETF (GENY).

Shares of Rocket Companies split on the morning of 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.

Rocket Companies issued an update on its first quarter 2023 earnings guidance on Tuesday, February, 28th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $700.00 million-$850.00 million, compared to the consensus revenue estimate of $805.81 million.

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 many different retail and institutional investors. Top institutional shareholders include Davis Selected Advisers (0.19%), Morgan Stanley (0.17%), Renaissance Technologies LLC (0.11%), First Trust Advisors LP (0.11%), Junto Capital Management LP (0.10%) and Alliancebernstein L.P. (0.09%). 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 $8.65.

Rocket Companies (NYSE:RKT) has a market capitalization of $17.07 billion and generates $5.84 billion in revenue each year. The company earns $46.42 million in net income (profit) each year or $0.32 on an earnings per share basis.

The company employs 18,500 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.