Rocket Companies, Inc. (NYSE:RKT) Stock Has Average Target Price of $18.88 According to Analysts

Shares of Rocket Companies, Inc. (NYSE:RKT) have received a consensus rating of “Moderate Buy” from the fifteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $18.75.

Several equities analysts have recently weighed in on RKT shares. Weiss Ratings upgraded shares of Rocket Companies from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Keefe, Bruyette & Woods cut their price target on shares of Rocket Companies from $20.00 to $19.00 and set an “outperform” rating on the stock in a report on Monday, August 10th. Morgan Stanley set a $16.00 target price on shares of Rocket Companies and gave the stock an “overweight” rating in a research report on Monday, October 12th. Benchmark cut their target price on Rocket Companies from $21.00 to $19.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. Finally, Wells Fargo & Company set a $13.00 target price on Rocket Companies and gave the company an “equal weight” rating in a report on Tuesday, October 6th.

Rocket Companies Price Performance

Shares of RKT opened at $12.81 on Thursday. The business has a 50-day simple moving average of $12.38 and a two-hundred day simple moving average of $14.76. Rocket Companies has a 12-month low of $10.18 and a 12-month high of $24.36. The stock has a market cap of $36.27 billion, a PE ratio of 28.47, a PEG ratio of 3.85 and a beta of 2.23. The company has a quick ratio of 4.85, a current ratio of 4.85 and a debt-to-equity ratio of 1.16.

Rocket Companies (NYSE:RKT) last posted its earnings results on Thursday, October 29th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. The firm had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.58 billion. Rocket Companies had a net margin of 11.14% and a return on equity of 5.39%. The company’s revenue for the quarter was up 37.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.07 EPS. Analysts anticipate that Rocket Companies will post 0.47 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Rocket Companies news, CEO Jesse Bray sold 92,300 shares of the business’s stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $12.39, for a total value of $1,143,597.00. Following the transaction, the chief executive officer owned 7,728,027 shares of the company’s stock, valued at approximately $95,750,254.53. The trade was a 1.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 450,000 shares of company stock worth $5,687,074 in the last 90 days. Company insiders own 57.68% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Amundi grew its stake in Rocket Companies by 152.1% in the 1st quarter. Amundi now owns 13,725,878 shares of the company’s stock valued at $195,594,000 after buying an additional 8,280,463 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Rocket Companies by 64.5% during the second quarter. Wellington Management Group LLP now owns 9,029,295 shares of the company’s stock worth $142,211,000 after acquiring an additional 3,541,916 shares in the last quarter. Maple Rock Capital Partners Inc. lifted its position in shares of Rocket Companies by 76.9% during the second quarter. Maple Rock Capital Partners Inc. now owns 5,543,600 shares of the company’s stock worth $87,312,000 after acquiring an additional 2,410,400 shares in the last quarter. Atreides Management LP lifted its position in shares of Rocket Companies by 69.7% during the first quarter. Atreides Management LP now owns 6,114,947 shares of the company’s stock worth $87,138,000 after acquiring an additional 2,512,384 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in shares of Rocket Companies in the second quarter worth $74,874,000. 4.59% of the stock is currently owned by hedge funds and other institutional investors.

Rocket Companies News Summary

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.