Rocket Companies (NYSE:RKT) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Rocket Companies (NYSE:RKT) had its price target increased by equities research analysts at JPMorgan Chase & Co. from $12.50 to $13.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 1.48% from the company’s previous close.

RKT has been the subject of a number of other reports. Keefe, Bruyette & Woods reduced their price objective on shares of Rocket Companies from $20.00 to $19.00 and set an “outperform” rating for the company in a report on Monday, August 10th. Wells Fargo & Company set a $13.00 price objective on shares of Rocket Companies and gave the stock an “equal weight” rating in a research report on Tuesday, October 6th. Weiss Ratings raised shares of Rocket Companies from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Royal Bank Of Canada lowered their price objective on shares of Rocket Companies from $16.00 to $14.00 and set a “sector perform” rating on the stock in a research note on Friday. Finally, Benchmark decreased their target price on shares of Rocket Companies from $21.00 to $19.00 and set a “buy” rating for the company in a research note on Friday, August 7th. Eight investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $18.75.

Rocket Companies Stock Up 7.5%

Shares of NYSE:RKT traded up $0.89 on Friday, hitting $12.81. 54,366,624 shares of the company’s stock were exchanged, compared to its average volume of 30,364,518. The firm’s 50-day moving average is $12.40 and its 200 day moving average is $14.81. Rocket Companies has a 1-year low of $10.18 and a 1-year high of $24.36. The company has a debt-to-equity ratio of 1.16, a quick ratio of 4.85 and a current ratio of 4.85. The company has a market capitalization of $36.27 billion, a PE ratio of 91.50, a P/E/G ratio of 3.46 and a beta of 2.23.

Rocket Companies (NYSE:RKT) last announced its quarterly earnings data on Thursday, October 29th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.01. The firm had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.58 billion. Rocket Companies had a return on equity of 5.13% and a net margin of 4.70%. During the same quarter in the prior year, the firm posted $0.07 earnings per share. Rocket Companies’s revenue for the quarter was up 37.4% compared to the same quarter last year. Sell-side analysts predict that Rocket Companies will post 0.48 EPS for the current year.

Insider Buying and Selling

In other Rocket Companies news, CEO Jesse Bray sold 92,300 shares of the stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $12.39, for a total transaction of $1,143,597.00. Following the completion of the transaction, the chief executive officer owned 7,728,027 shares of the company’s stock, valued at $95,750,254.53. This represents a 1.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 450,000 shares of company stock valued at $5,687,074. 57.68% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in RKT. Rakuten Investment Management Inc. increased its position in shares of Rocket Companies by 14.1% during the 3rd quarter. Rakuten Investment Management Inc. now owns 58,973 shares of the company’s stock valued at $689,000 after purchasing an additional 7,297 shares during the period. Landaas & Co. WI ADV bought a new stake in Rocket Companies in the third quarter valued at $140,000. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Rocket Companies by 2.9% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,722,712 shares of the company’s stock worth $19,828,000 after buying an additional 49,049 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in Rocket Companies during the 3rd quarter valued at $27,000. Finally, Vise Technologies Inc. purchased a new stake in shares of Rocket Companies during the 3rd quarter valued at $762,000. Institutional investors and hedge funds own 4.59% of the company’s stock.

Rocket Companies News Roundup

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

• Positive Sentiment: Q3 earnings beat expectations: Rocket reported adjusted EPS of $0.15, above the $0.14 analyst consensus and more than double the $0.07 reported a year earlier. Adjusted revenue reached $2.57 billion, while total revenue was $3.28 billion. Rocket Companies Announces Third Quarter 2026 Results
• Positive Sentiment: Substantial growth in revenue and profit: Quarterly revenue increased 37.4% year over year. Rocket posted $709 million in GAAP net income and $419 million in adjusted net income, supporting the view that profitability is improving despite elevated mortgage rates. Rocket Companies Q3 earnings surprise to the upside as profitability improves
• Positive Sentiment: Management provided a sizable Q4 revenue outlook: Rocket expects fourth-quarter revenue of $2.10 billion to $2.30 billion, giving investors visibility into continued business activity. Rocket Companies Q4 revenue outlook
• Neutral Sentiment: Revenue of $2.57 billion was slightly below the roughly $2.58 billion consensus estimate, indicating that the earnings beat was driven primarily by profitability rather than stronger-than-expected sales.
• Negative Sentiment: RBC reduced its price target: Royal Bank of Canada cut its target from $16 to $14 and maintained a “sector perform” rating, signaling limited near-term upside and caution about Rocket’s valuation or operating environment. Royal Bank of Canada recommendations
• Negative Sentiment: Housing conditions remain challenging: U.S. home-sale prices declined for the first time in more than three years, while median mortgage payments remain near record levels. High borrowing costs and weak affordability could constrain purchase and mortgage-origination volumes. U.S. Home-Sale Prices Just Fell

Rocket Companies Company Profile

Rocket Companies, Inc is a Detroit-based financial technology company that operates a portfolio of consumer finance and real estate businesses. Its platform is designed to simplify the homeownership process through digital applications, automated workflows and online customer support.

The company’s principal business is Rocket Mortgage, a residential mortgage lender and servicer offering home purchase, refinance and home equity products. Its broader portfolio includes Rocket Homes, a real estate services platform; Rocket Money, a personal finance app that helps consumers manage subscriptions, budgets and bills; Rocket Loans, which provides personal loans; and Rocket Pro, which supports mortgage brokers and other partners.

Rocket Companies traces its history to 1985, when Dan Gilbert founded Rock Financial.