Rocket Companies (NYSE:RKT) Price Target Raised to $13.00

Rocket Companies (NYSE:RKT) had its price target increased by JPMorgan Chase & Co. from $12.50 to $13.00 in a research note published on Friday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other analysts also recently weighed in on the stock. Keefe, Bruyette & Woods cut their price target on shares of Rocket Companies from $20.00 to $19.00 and set an “outperform” rating on the stock in a research report on Monday, August 10th. Stephens decreased their price objective on Rocket Companies from $22.50 to $20.00 and set an “overweight” rating for the company in a report on Friday, August 7th. Weiss Ratings raised Rocket Companies from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Morgan Stanley set a $16.00 target price on shares of Rocket Companies and gave the stock an “overweight” rating in a report on Monday, October 12th. Finally, Benchmark reduced their price target on shares of Rocket Companies from $21.00 to $19.00 and set a “buy” rating for the company in a research note on Friday, August 7th. Eight equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, Rocket Companies has an average rating of “Moderate Buy” and a consensus target price of $18.75.

Rocket Companies Stock Up 0.1%

NYSE RKT opened at $12.81 on Friday. The company has a market cap of $36.27 billion, a P/E ratio of 28.47, a P/E/G ratio of 3.85 and a beta of 2.26. The company has a debt-to-equity ratio of 1.02, a quick ratio of 4.85 and a current ratio of 3.77. Rocket Companies has a one year low of $10.18 and a one year high of $24.36. The business has a fifty day moving average price of $12.38 and a 200 day moving average price 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 the consensus estimate of $0.14 by $0.01. The firm had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.58 billion. Rocket Companies had a return on equity of 5.33% and a net margin of 11.14%. The company’s revenue for the quarter was up 37.4% on a year-over-year basis. During the same period last year, the company earned $0.07 earnings per share. Research analysts anticipate that Rocket Companies will post 0.47 EPS for the current fiscal year.

Insider Transactions at Rocket Companies

In other news, Rocket Mortgage CEO Jesse Bray sold 225,000 shares of the stock in a transaction on Tuesday, September 15th. The stock was 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 owned 7,953,027 shares in the company, valued at approximately $104,264,183.97. This represents a 2.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 450,000 shares of company stock worth $5,687,074. Insiders own 57.68% of the company’s stock.

Hedge Funds Weigh In On Rocket Companies

Several large investors have recently bought and sold shares of RKT. Mirae Asset Global Investments Co. Ltd. bought a new stake in Rocket Companies in the third quarter valued at approximately $27,000. Cassaday & Co Wealth Management LLC bought a new position in shares of Rocket Companies during the 1st quarter worth approximately $34,000. IFP Advisors Inc purchased a new stake in shares of Rocket Companies during the 3rd quarter valued at approximately $53,000. Summit Securities Group LLC bought a new stake in Rocket Companies during the first quarter valued at approximately $60,000. Finally, Mather Group LLC. boosted its position in Rocket Companies by 102.6% during the 3rd quarter. Mather Group LLC. now owns 5,222 shares of the company’s stock valued at $60,000 after buying an additional 2,645 shares during the period. 4.59% of the stock is currently owned by institutional investors and hedge funds.

More Rocket Companies News

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.