Wells Fargo & Company Has Lowered Expectations for Rocket Companies (NYSE:RKT) Stock Price

Rocket Companies (NYSE:RKT) had its target price reduced by research analysts at Wells Fargo & Company from $17.00 to $15.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective indicates a potential upside of 12.48% from the company’s previous close.

Other equities research analysts also recently issued reports about the stock. BTIG Research reissued a “neutral” rating on shares of Rocket Companies in a research report on Tuesday, June 16th. Benchmark started coverage on Rocket Companies in a research report on Monday, June 29th. They issued a “buy” rating and a $21.00 price target for the company. Morgan Stanley raised shares of Rocket Companies from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $18.00 to $19.00 in a report on Thursday, July 16th. Barclays lowered their target price on shares of Rocket Companies from $19.00 to $17.00 and set an “overweight” rating for the company in a report on Tuesday, July 7th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Rocket Companies from $21.00 to $20.00 and set an “outperform” rating on the stock in a research report on Thursday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.60.

Rocket Companies Price Performance

Shares of RKT opened at $13.34 on Friday. The business’s fifty day moving average is $14.02 and its 200 day moving average is $15.48. Rocket Companies has a 12-month low of $12.17 and a 12-month high of $24.36. 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 market cap of $37.73 billion, a P/E ratio of 266.50 and a beta of 2.19.

Rocket Companies (NYSE:RKT) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.16 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 business had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.81 billion. During the same quarter in the previous year, the business posted $0.04 EPS. Rocket Companies’s quarterly revenue was up 91.9% on a year-over-year basis. Sell-side analysts anticipate that Rocket Companies will post 0.54 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Manchester Capital Management LLC boosted its holdings in shares of Rocket Companies by 0.5% in the 4th quarter. Manchester Capital Management LLC now owns 116,466 shares of the company’s stock worth $2,255,000 after purchasing an additional 618 shares in the last quarter. Composition Wealth LLC raised its holdings in shares of Rocket Companies by 2.7% during the 4th quarter. Composition Wealth LLC now owns 25,323 shares of the company’s stock valued at $490,000 after buying an additional 668 shares in the last quarter. Parallel Advisors LLC lifted its position in Rocket Companies by 26.1% in the 3rd quarter. Parallel Advisors LLC now owns 3,267 shares of the company’s stock worth $63,000 after buying an additional 677 shares during the last quarter. Red Door Wealth Management LLC lifted its position in Rocket Companies by 6.7% in the 1st quarter. Red Door Wealth Management LLC now owns 11,138 shares of the company’s stock worth $159,000 after buying an additional 698 shares during the last quarter. Finally, NewEdge Wealth LLC boosted its stake in Rocket Companies by 5.7% in the fourth quarter. NewEdge Wealth LLC now owns 13,204 shares of the company’s stock worth $256,000 after buying an additional 707 shares in the last quarter. Hedge funds and other 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: Rocket reported second-quarter adjusted revenue of $2.76 billion, while total revenue reached $2.78 billion. GAAP net income was $229 million, and adjusted net income was $441 million. Revenue increased 91.9% from the prior-year quarter. Rocket Companies Announces Second Quarter 2026 Results
• Positive Sentiment: Adjusted earnings were $0.16 per share, up from $0.04 a year earlier and in line with Wall Street expectations. Management also pointed to mortgage-market share gains and record quarterly performance on the earnings call. Rocket Companies Q2 Earnings
• Neutral Sentiment: Unusually large options activity was reported in Rocket shares, potentially signaling elevated investor interest and volatility, but the item did not establish a clear directional catalyst. Rocket Companies Target of Unusually Large Options Trading
• Negative Sentiment: Revenue of $2.76 billion fell short of the approximately $2.81 billion consensus estimate, despite the sharp year-over-year increase. The earnings release and coverage described the results as strong but below expectations, which helps explain the negative stock reaction. Rocket Companies Shares Slid Despite Record Q2 Earnings
• Negative Sentiment: Rocket guided for third-quarter revenue of $2.5 billion to $2.7 billion, below the roughly $2.9 billion analyst consensus. The cautious outlook suggests that elevated mortgage rates and weaker housing demand could weigh on near-term origination activity. Redfin Reports Pending Home Sales Sink

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.