Rocket Companies (NYSE:RKT) Price Target Raised to $19.00

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.

Several other equities research analysts have also recently issued reports on RKT. Barclays set a $22.00 target price on shares of Rocket Companies and gave the stock an “equal weight” rating in a report on Tuesday, January 6th. Jefferies Financial Group initiated coverage on Rocket Companies in a report on Friday, December 19th. They set a “buy” rating and a $25.00 price target on the stock. Oppenheimer started coverage on Rocket Companies in a research note on Thursday, November 13th. They issued an “outperform” rating and a $25.00 price target on the stock. BTIG Research reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Rocket Companies in a report on Wednesday, November 19th. Finally, Keefe, Bruyette & Woods upped their price objective on Rocket Companies from $18.00 to $20.00 and gave the company a “market perform” rating in a research report on Thursday, December 18th. Five equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $20.64.

Rocket Companies Price Performance

NYSE RKT opened at $18.17 on Friday. Rocket Companies has a one year low of $10.94 and a one year high of $24.36. The stock has a 50-day moving average of $20.01 and a 200 day moving average of $18.93. The company has a market capitalization of $38.23 billion, a price-to-earnings ratio of -139.75 and a beta of 2.30. The company has a debt-to-equity ratio of 1.07, a quick ratio of 19.68 and a current ratio of 70.90.

Rocket Companies (NYSE:RKT) last posted its 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. The business had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.24 billion. Rocket Companies had a negative net margin of 1.02% and a positive return on equity of 3.04%. The business’s revenue for the quarter was up 52.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.04 EPS. On average, sell-side analysts forecast that Rocket Companies will post 0.15 EPS for the current year.

Insiders Place Their Bets

In other Rocket Companies news, Director Matthew Rizik sold 2,500 shares of the business’s stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $21.26, for a total transaction of $53,150.00. Following the completion of the sale, the director owned 1,046,036 shares of the company’s stock, valued at approximately $22,238,725.36. The trade was a 0.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold 32,500 shares of company stock worth $645,775 in the last quarter. 92.64% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Cloud Capital Management LLC bought a new position in shares of Rocket Companies during the 3rd quarter valued at approximately $25,000. Truvestments Capital LLC purchased a new position in Rocket Companies during the fourth quarter valued at approximately $26,000. Acumen Wealth Advisors LLC bought a new position in shares of Rocket Companies in the fourth quarter worth approximately $26,000. Pinnacle Bancorp Inc. boosted its position in shares of Rocket Companies by 369.7% in 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. Finally, City State Bank purchased a new stake in shares of Rocket Companies in the fourth quarter worth $30,000. Institutional investors own 4.59% of the company’s stock.

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.