Rocket Companies (NYSE:RKT) Given New $15.00 Price Target at Wells Fargo & Company

Rocket Companies (NYSE:RKT) had its price target decreased by Wells Fargo & Company from $17.00 to $15.00 in a report published on Friday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

Several other analysts have also recently commented on the stock. Benchmark initiated coverage on shares of Rocket Companies in a research note on Monday, June 29th. They set a “buy” rating and a $21.00 price objective for the company. BTIG Research reissued a “neutral” rating on shares of Rocket Companies in a report on Tuesday, June 16th. Weiss Ratings raised shares of Rocket Companies from a “sell (d)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. Zacks Research raised shares of Rocket Companies from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $20.00 price target on shares of Rocket Companies in a report on Monday, May 11th. Ten equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $19.87.

Rocket Companies Price Performance

Shares of RKT stock opened at $13.63 on Friday. Rocket Companies has a 1-year low of $12.17 and a 1-year high of $24.36. The stock’s 50-day moving average is $14.00 and its 200 day moving average is $15.47. The company has a market cap of $38.57 billion, a P/E ratio of 97.36 and a beta of 2.19. The company has a debt-to-equity ratio of 1.13, a current ratio of 4.37 and a quick ratio of 4.37.

Rocket Companies (NYSE:RKT) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.16. Rocket Companies had a net margin of 4.70% and a return on equity of 5.50%. The firm had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.81 billion. During the same quarter in the previous year, the firm earned $0.04 EPS. The company’s quarterly revenue was up 91.9% compared to the same quarter last year. Research analysts predict that Rocket Companies will post 0.54 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Truvestments Capital LLC purchased a new position in shares of Rocket Companies in the 4th quarter valued at $26,000. Acumen Wealth Advisors LLC acquired a new position in Rocket Companies in the fourth quarter valued at $26,000. Pinnacle Bancorp Inc. increased its stake in Rocket Companies by 369.7% in the fourth quarter. Pinnacle Bancorp Inc. now owns 1,503 shares of the company’s stock valued at $29,000 after purchasing an additional 1,183 shares during the period. City State Bank purchased a new stake in shares of Rocket Companies in the fourth quarter valued at about $30,000. Finally, Smithfield Trust Co purchased a new stake in shares of Rocket Companies in the fourth quarter valued at about $32,000. Hedge funds and other institutional investors own 4.59% of the company’s stock.

Trending Headlines about Rocket Companies

Here are the key news stories impacting Rocket Companies this week:

• Positive Sentiment: Rocket reported second-quarter adjusted revenue of $2.76 billion and GAAP net income of $229 million, while adjusted net income reached $441 million. Earnings of $0.16 per share matched expectations and improved from $0.04 a year earlier. Rocket Companies Announces Second Quarter 2026 Results
• Positive Sentiment: Management highlighted record mortgage-market-share gains and greater efficiency from artificial intelligence, which helped offset weakness in the broader housing market. Revenue increased approximately 92% year over year. RKT Q2 Earnings Match, Revenues Miss Amid Housing Weakness

Rocket Companies Company Profile

Rocket Companies, Inc is a Detroit-based holding company whose businesses are centered on digital mortgage origination and related consumer finance and real estate services. The company grew out of the Quicken Loans franchise and completed an initial public offering in 2020. Founder Dan Gilbert remains a prominent figure associated with the firm, which operates a suite of brands that aim to simplify the home financing and buying experience through technology and scale.

The company’s core activity is mortgage lending through its Rocket Mortgage platform, which offers online application, underwriting and servicing for home purchase and refinance loans.