Rocket Companies (NYSE:RKT) Stock Price Target Lowered at Royal Bank Of Canada

Rocket Companies (NYSE:RKT) had its price target trimmed by Royal Bank Of Canada from $16.00 to $14.00 in a research note released on Friday,Benzinga reports. The brokerage currently has a sector perform rating on the stock.

Several other brokerages also recently issued reports on RKT. Stephens cut their target price on shares of Rocket Companies from $22.50 to $20.00 and set an “overweight” rating on the stock in a research note on Friday, August 7th. Wells Fargo & Company set a $13.00 price target on shares of Rocket Companies and gave the stock an “equal weight” rating in a report on Tuesday, October 6th. Morgan Stanley set a $16.00 target price on shares of Rocket Companies and gave the company an “overweight” rating in a research note on Monday, October 12th. Weiss Ratings upgraded shares of Rocket Companies from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Finally, Barclays reduced their price objective on Rocket Companies from $17.00 to $15.00 and set an “overweight” rating for the company in a research report on Monday, October 5th. Eight analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.75.

Rocket Companies Trading Up 7.5%

Shares of NYSE RKT opened at $12.81 on Friday. 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 has a 12 month low of $10.18 and a 12 month high of $24.36. The company has a market cap of $36.27 billion, a price-to-earnings ratio of 28.47, a P/E/G ratio of 3.58 and a beta of 2.23. The business has a fifty day simple moving average of $12.38 and a 200-day simple moving average of $14.76.

Rocket Companies (NYSE:RKT) last issued its quarterly 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 analysts’ expectations of $2.58 billion. Rocket Companies had a return on equity of 5.39% and a net margin of 11.14%. Rocket Companies’s revenue was up 37.4% on a year-over-year basis. During the same quarter last year, the business posted $0.07 EPS. Sell-side analysts predict that Rocket Companies will post 0.47 EPS for the current year.

Insiders Place Their Bets

In other Rocket Companies news, Rocket Mortgage CEO Jesse Bray sold 225,000 shares of the company’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $13.11, for a total transaction of $2,949,750.00. Following the completion of the sale, the insider directly owned 7,953,027 shares in the company, valued at $104,264,183.97. This represents a 2.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 450,000 shares of company stock worth $5,687,074. 57.68% of the stock is owned by insiders.

Institutional Trading of Rocket Companies

Hedge funds have recently added to or reduced their stakes in the business. Valeo Financial Advisors LLC grew its stake in Rocket Companies by 4.2% in the second quarter. Valeo Financial Advisors LLC now owns 20,473 shares of the company’s stock valued at $322,000 after acquiring an additional 823 shares during the period. NewEdge Wealth LLC raised its holdings in Rocket Companies by 9.5% during the 1st quarter. NewEdge Wealth LLC now owns 14,457 shares of the company’s stock worth $206,000 after buying an additional 1,253 shares during the period. HB Wealth Management LLC raised its holdings in Rocket Companies by 4.9% during the 2nd quarter. HB Wealth Management LLC now owns 27,040 shares of the company’s stock worth $426,000 after buying an additional 1,258 shares during the period. World Investment Advisors lifted its stake in Rocket Companies by 5.5% in the first quarter. World Investment Advisors now owns 28,667 shares of the company’s stock valued at $409,000 after buying an additional 1,489 shares in the last quarter. Finally, North Dakota State Investment Board raised its holdings in shares of Rocket Companies by 6.0% during the third quarter. North Dakota State Investment Board now owns 29,669 shares of the company’s stock worth $341,000 after acquiring an additional 1,668 shares during the period. Institutional investors own 4.59% of the company’s stock.

Rocket Companies News Roundup

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

About Rocket Companies

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.