Rocket Companies (NYSE:RKT) Given New $19.00 Price Target at Benchmark

Rocket Companies (NYSE:RKT) had its price objective reduced by Benchmark from $21.00 to $19.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

RKT has been the subject of a number of other research reports. Weiss Ratings upgraded Rocket Companies from a “sell (d)” rating to a “hold (c)” rating in a research note on Wednesday, May 13th. Wells Fargo & Company cut their target price on shares of Rocket Companies from $17.00 to $15.00 and set an “equal weight” rating on the stock in a report on Friday. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $20.00 target price on shares of Rocket Companies in a report on Monday, May 11th. Stephens reduced their price target on shares of Rocket Companies from $22.50 to $20.00 and set an “overweight” rating for the company in a research report on Friday. Finally, Morgan Stanley upgraded shares of Rocket Companies from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $18.00 to $19.00 in a research note on Thursday, July 16th. Ten analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $19.87.

Rocket Companies Stock Up 3.1%

Rocket Companies stock opened at $13.63 on Friday. Rocket Companies has a fifty-two week low of $12.17 and a fifty-two week high of $24.36. The company has a debt-to-equity ratio of 1.13, a quick ratio of 4.37 and a current ratio of 4.37. The company has a market capitalization of $38.57 billion, a P/E ratio of 97.36 and a beta of 2.19. The stock has a 50-day simple moving average of $14.00 and a 200-day simple moving average of $15.47.

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

Institutional Inflows and Outflows

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

More Rocket Companies News

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.