Rocket Companies (RKT) News Today

Rocket Companies, Inc. (NYSE:RKT) shares are under pressure today as investors digest a mix of analyst upgrades, activist buying, and mounting operational concerns. Below is a breakdown of the key news items impacting RKT’s price action:

• Positive Sentiment: Royal Bank of Canada raised its price target on RKT from $17.00 to $20.00 and maintained a “sector perform” rating, implying roughly 23% upside from current levels. MarketBeat Article
• Positive Sentiment: Keefe Bruyette boosted its target price on RKT from $15.00 to $18.00, signaling growing confidence in Rocket’s mortgage origination and tech platform. MSN Article
• Positive Sentiment: An activist hedge fund disclosed a $555 million stake in Rocket a day after an FTC lawsuit, indicating strong institutional backing. IBTimes Article
• Neutral Sentiment: Barclays reiterated its equal-weight rating on RKT, keeping its outlook unchanged. MSN Article
• Neutral Sentiment: Rocket was named one of the top fintech stocks to watch on October 7th and 8th by MarketBeat’s screener, reflecting ongoing analyst interest in the sector. Oct 8 List Oct 7 List
• Negative Sentiment: RKT shares have dropped for three consecutive sessions—off about 4.8%—as investors grapple with integration challenges following the Mr. Cooper acquisition. InsiderMonkey Article
• Negative Sentiment: Redfin reported a 15.1% cancellation rate on home-purchase agreements in August (the highest since 2017), which could dent Rocket’s brokerage-powered referral business. Business Wire Article
• Negative Sentiment: A Yahoo Finance analysis cautioned that Rocket’s recent acquisitions could redefine its business—if integration missteps don’t erode margins. Yahoo Finance Article