Rocket Companies, Inc. (NYSE:RKT) Receives $20.73 Average Price Target from Brokerages

Shares of Rocket Companies, Inc. (NYSE:RKT) have received an average recommendation of “Moderate Buy” from the nineteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $20.7333.

RKT has been the topic of several recent analyst reports. JPMorgan Chase & Co. lowered their target price on shares of Rocket Companies from $16.00 to $15.50 and set a “neutral” rating on the stock in a research note on Monday, July 13th. Zacks Research upgraded shares of Rocket Companies from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Morgan Stanley raised shares of Rocket Companies from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $18.00 to $19.00 in a report on Thursday, July 16th. BTIG Research reiterated a “neutral” rating on shares of Rocket Companies in a research report on Tuesday, June 16th. Finally, Barclays lowered their price objective on Rocket Companies from $19.00 to $17.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 7th.

Rocket Companies Trading Up 2.4%

Shares of RKT opened at $13.09 on Tuesday. The business’s 50-day moving average price is $14.04 and its 200-day moving average price is $16.08. Rocket Companies has a twelve month low of $12.17 and a twelve month high of $24.36. The stock has a market cap of $37.02 billion, a PE ratio of 261.70 and a beta of 2.16. The company has a quick ratio of 4.37, a current ratio of 4.37 and a debt-to-equity ratio of 1.13.

Rocket Companies (NYSE:RKT) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.03. The company had revenue of $2.82 billion during the quarter, compared to analyst estimates of $2.76 billion. Rocket Companies had a net margin of 2.78% and a return on equity of 4.30%. Rocket Companies’s revenue was up 167.1% compared to the same quarter last year. During the same period last year, the business earned $0.04 earnings per share. On average, equities analysts forecast that Rocket Companies will post 0.58 EPS for the current fiscal year.

Institutional Trading of Rocket Companies

Institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada grew its holdings in shares of Rocket Companies by 48.9% during the first quarter. Royal Bank of Canada now owns 69,641 shares of the company’s stock worth $841,000 after purchasing an additional 22,861 shares in the last quarter. Amundi raised its stake in Rocket Companies by 3.1% in the first quarter. Amundi now owns 33,416 shares of the company’s stock valued at $403,000 after purchasing an additional 997 shares in the last quarter. AQR Capital Management LLC lifted its position in Rocket Companies by 1,086.5% during the first quarter. AQR Capital Management LLC now owns 400,467 shares of the company’s stock valued at $4,734,000 after purchasing an additional 366,716 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Rocket Companies by 12.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 370,619 shares of the company’s stock valued at $4,473,000 after purchasing an additional 40,326 shares during the last quarter. Finally, Creative Planning grew its stake in Rocket Companies by 17.2% in the 2nd quarter. Creative Planning now owns 18,215 shares of the company’s stock worth $258,000 after buying an additional 2,679 shares in the last quarter. Hedge funds and other institutional investors own 4.59% of the company’s stock.

Rocket Companies News Summary

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

• Positive Sentiment: Rocket Companies said it will report second-quarter 2026 results on August 6 and hold a conference call afterward, keeping the focus on a near-term catalyst that could move the shares. Rocket Companies to Announce Second Quarter 2026 Results on August 6, 2026
• Positive Sentiment: Analysts expect earnings to grow versus last year, which supports optimism that the company may show continued improvement in profitability and revenue trends. Rocket Companies (RKT) Earnings Expected to Grow: What to Know Ahead of Q2 Release
• Neutral Sentiment: Redfin, which is powered by Rocket, reported that U.S. pending home sales fell to a three-month low, a reminder that the housing market remains uneven and could affect mortgage demand. Redfin Reports Pending Home Sales Fall to 3-Month Low
• Neutral Sentiment: Another Redfin update noted San Francisco home prices have rebounded sharply from the housing crash bottom, highlighting strength in some regional housing markets but not necessarily a broad immediate boost for Rocket. From Bust to Boom: San Francisco Home Prices Are Now $1 Million Higher Than Housing-Crash Bottom
• Negative Sentiment: Zacks said Rocket may not have the right setup for an earnings beat, which could temper enthusiasm ahead of the report if expectations are too high. Rocket Companies (RKT) Earnings Expected to Grow: What to Know Ahead of Q2 Release

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.