Wells Fargo & Company Issues Positive Forecast for Rocket Companies (NYSE:RKT) Stock Price

Rocket Companies (NYSE:RKT) had its target price raised by Wells Fargo & Company from $17.00 to $19.00 in a report issued on Friday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Other research analysts have also issued reports about the company. Wall Street Zen lowered Rocket Companies from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. BTIG Research restated a “buy” rating and issued a $25.00 price objective on shares of Rocket Companies in a research note on Wednesday, November 19th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Rocket Companies in a research report on Monday, December 29th. Keefe, Bruyette & Woods upped their target price on shares of Rocket Companies from $18.00 to $20.00 and gave the company a “market perform” rating in a research note on Thursday, December 18th. Finally, Barclays set a $22.00 price target on shares of Rocket Companies and gave the stock an “equal weight” rating in a research note on Tuesday, January 6th. Five research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Rocket Companies has an average rating of “Hold” and an average target price of $20.64.

Rocket Companies Stock Performance

Shares of RKT traded up $0.40 during trading hours on Friday, reaching $18.17. 54,245,617 shares of the company traded hands, compared to its average volume of 30,258,374. The company has a debt-to-equity ratio of 2.16, a quick ratio of 19.68 and a current ratio of 19.68. The stock’s fifty day moving average is $20.01 and its 200 day moving average is $18.93. Rocket Companies has a 1-year low of $10.94 and a 1-year high of $24.36. The stock has a market cap of $38.23 billion, a P/E ratio of -139.75 and a beta of 2.31.

Rocket Companies (NYSE:RKT) last issued its quarterly earnings results on Thursday, February 26th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.02. Rocket Companies had a positive return on equity of 4.38% and a negative net margin of 1.02%.The firm had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same period in the previous year, the company posted $0.04 earnings per share. The company’s quarterly revenue was up 52.2% compared to the same quarter last year. Equities research analysts anticipate that Rocket Companies will post 0.15 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Rocket Companies news, Director Matthew Rizik sold 2,500 shares of the company’s stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $21.26, for a total transaction of $53,150.00. Following the sale, the director directly owned 1,046,036 shares of the company’s stock, valued at approximately $22,238,725.36. This represents a 0.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 32,500 shares of company stock valued at $645,775 in the last quarter. 92.64% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Cloud Capital Management LLC bought a new position in Rocket Companies in the 3rd quarter valued at $25,000. North Capital Inc. increased its stake in shares of Rocket Companies by 287.2% in the second quarter. North Capital Inc. now owns 1,820 shares of the company’s stock valued at $26,000 after buying an additional 1,350 shares in the last quarter. Truvestments Capital LLC acquired a new stake in shares of Rocket Companies in the fourth quarter valued at $26,000. Acumen Wealth Advisors LLC bought a new position in shares of Rocket Companies in the fourth quarter valued at about $26,000. Finally, SouthState Corp lifted its position in Rocket Companies by 2,044.8% during the 2nd quarter. SouthState Corp now owns 2,059 shares of the company’s stock worth $29,000 after buying an additional 1,963 shares in the last quarter. 4.59% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Rocket Companies

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

• Positive Sentiment: Q4 results beat expectations — adjusted EPS $0.11 vs. consensus ~$0.09 and revenue $2.44B, up 52% year‑over‑year; the market reacted strongly to those beats. Zacks — Q4 Earnings Beat
• Positive Sentiment: Management issued stronger Q1 revenue guidance ( ~$2.6B–$2.8B vs. Street ~ $2.3B ), signaling continued top‑line momentum into the new quarter. Company Q4 Press Materials
• Positive Sentiment: Strategic alliance with Compass / Redfin to surface Compass’s exclusive listings could materially expand Rocket’s addressable market and lead generation (company cites potential for ~500k additional listings). PR Newswire — Compass Alliance
• Neutral Sentiment: Analyst action: Wells Fargo raised its price target from $17 to $19 and kept an “equal weight” rating — a modest endorsement but not a buy upgrade. Benzinga — Wells Fargo PT Raise
• Neutral Sentiment: Management change: CFO Brian Brown was appointed President while remaining CFO/Treasurer — continuity in finance leadership but adds an execution watchpoint. PR Newswire — Earnings Release
• Negative Sentiment: Short interest surged in February (~54.4M shares short, ~35.1% of float), raising the risk of volatility and squeezes despite the low days‑to‑cover.
• Negative Sentiment: Full‑year profitability was pressured by heavy acquisition activity (profits fell on the year), which could weigh on margins even as Q4 shows recovery. Crain’s Detroit — Acquisition Impact

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.