Stephens Issues Pessimistic Forecast for Rocket Companies (NYSE:RKT) Stock Price

Rocket Companies (NYSE:RKT) had its price target cut by equities researchers at Stephens from $22.50 to $20.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Stephens’ target price would suggest a potential upside of 48.35% from the stock’s previous close.

A number of other equities analysts have also weighed in on RKT. Barclays reduced their price objective on Rocket Companies from $19.00 to $17.00 and set an “overweight” rating for the company in a research note on Tuesday, July 7th. Benchmark started coverage on Rocket Companies in a report on Monday, June 29th. They set a “buy” rating and a $21.00 target price on the stock. BTIG Research reaffirmed a “neutral” rating on shares of Rocket Companies in a report on Tuesday, June 16th. Wells Fargo & Company reduced their price target on Rocket Companies from $17.00 to $15.00 and set an “equal weight” rating for the company in a research report on Friday. Finally, Weiss Ratings raised Rocket Companies from a “sell (d)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Rocket Companies currently has a consensus rating of “Moderate Buy” and an average price target of $20.43.

Rocket Companies Stock Performance

Shares of NYSE:RKT traded up $0.26 during midday trading on Friday, reaching $13.48. The company’s stock had a trading volume of 18,943,569 shares, compared to its average volume of 29,100,813. The company has a quick ratio of 4.37, a current ratio of 4.37 and a debt-to-equity ratio of 1.13. The stock has a fifty day moving average of $14.02 and a 200 day moving average of $15.48. Rocket Companies has a twelve month low of $12.17 and a twelve month high of $24.36. The firm has a market capitalization of $38.15 billion, a PE ratio of 269.10 and a beta of 2.19.

Rocket Companies (NYSE:RKT) last posted its earnings results on Thursday, August 6th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16. Rocket Companies had a net margin of 2.78% and a return on equity of 4.30%. The company had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.81 billion. During the same period in the previous year, the firm posted $0.04 earnings per share. The firm’s quarterly revenue was up 91.9% on a year-over-year basis. On average, equities analysts expect that Rocket Companies will post 0.54 EPS for the current fiscal year.

Institutional Investors Weigh In On Rocket Companies

Several institutional investors and hedge funds have recently added to or reduced their stakes in RKT. Vanguard Group Inc. grew its position in shares of Rocket Companies by 280.3% in the fourth quarter. Vanguard Group Inc. now owns 87,256,540 shares of the company’s stock valued at $1,689,287,000 after purchasing an additional 64,311,040 shares during the period. ValueAct Holdings L.P. raised its position in shares of Rocket Companies by 55.1% during the 4th quarter. ValueAct Holdings L.P. now owns 39,380,652 shares of the company’s stock worth $762,409,000 after purchasing an additional 13,985,025 shares during the last quarter. Nuveen LLC raised its position in shares of Rocket Companies by 5.5% during the 4th quarter. Nuveen LLC now owns 32,538,137 shares of the company’s stock worth $629,938,000 after purchasing an additional 1,706,659 shares during the last quarter. Morgan Stanley lifted its stake in Rocket Companies by 461.2% in the 4th quarter. Morgan Stanley now owns 27,009,279 shares of the company’s stock valued at $522,900,000 after buying an additional 22,196,782 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in Rocket Companies by 11,636.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 26,189,869 shares of the company’s stock valued at $507,037,000 after buying an additional 25,966,725 shares in the last quarter. Hedge funds and other institutional investors own 4.59% of the company’s stock.

Key Rocket Companies News

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

• Positive Sentiment: Rocket reported Q2 adjusted revenue of $2.76 billion and adjusted net income of $441 million. Earnings of $0.16 per share matched estimates and improved substantially from $0.04 a year earlier. The company also cited record mortgage-market share gains and greater efficiency from artificial intelligence. Rocket Companies Announces Second Quarter 2026 Results
• Neutral Sentiment: Revenue increased sharply year over year, but the $2.76 billion figure fell short of the roughly $2.81 billion consensus estimate. The earnings-line performance was therefore encouraging, while the top-line miss limited the positive reaction. RKT Q2 Earnings Match, Revenues Miss Amid Housing Weakness, Stock Dips
• Negative Sentiment: Rocket’s Q3 revenue outlook of $2.5 billion to $2.7 billion is below the approximately $2.9 billion analyst expectation, signaling that near-term mortgage demand may remain challenging.
• Negative Sentiment: Higher mortgage rates are weakening home-purchase activity: Redfin reported that pending home sales fell 3.7% week over week to a five-month low. That environment can weigh on mortgage originations and supports the broader real-estate selloff affecting RKT. Redfin Reports Pending Home Sales Sink to 5-Month Low
• Negative Sentiment: Wells Fargo lowered its price target for Rocket Companies (RKT) from $17 to $15 and maintained an “equal weight” rating. Although the revised target implies upside, the cut reflects more cautious expectations following the revenue miss and softer housing outlook. Wells Fargo Rocket Companies Price Target Update

About Rocket Companies

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.