Rocket Companies (NYSE:RKT) Price Target Cut to $15.00 by Analysts at Royal Bank Of Canada

Rocket Companies (NYSE:RKT) had its price target decreased by Royal Bank Of Canada from $20.00 to $15.00 in a research report report published on Friday,Benzinga reports. Royal Bank Of Canada currently has a sector perform rating on the stock.

Several other equities research analysts also recently weighed in on the company. Zacks Research raised Rocket Companies from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Wells Fargo & Company reduced their price target on Rocket Companies from $17.00 to $15.00 and set an “equal weight” rating for the company in a research report on Friday. JPMorgan Chase & Co. lowered their price objective on Rocket Companies from $15.50 to $14.00 and set a “neutral” rating on the stock in a research report on Friday. Stephens decreased their target price on shares of Rocket Companies from $22.50 to $20.00 and set an “overweight” rating for the company in a research note on Friday. Finally, Weiss Ratings upgraded shares of Rocket Companies from a “sell (d)” rating to a “hold (c)” rating in a research report on Wednesday, May 13th. Ten equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $19.87.

Rocket Companies Trading Up 3.1%

Shares of NYSE:RKT opened at $13.63 on Friday. The company has a quick ratio of 4.37, a current ratio of 4.37 and a debt-to-equity ratio of 1.13. Rocket Companies has a 52-week low of $12.17 and a 52-week high of $24.36. The stock has a market cap of $38.57 billion, a price-to-earnings ratio of 97.36 and a beta of 2.19. The business has a 50-day moving average price of $14.00 and a 200-day moving average price of $15.47.

Rocket Companies (NYSE:RKT) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. Rocket Companies had a net margin of 4.70% and a return on equity of 5.50%. The company had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.81 billion. During the same quarter in the prior year, the company earned $0.04 EPS. Rocket Companies’s quarterly revenue was up 91.9% on a year-over-year basis. Equities analysts predict that Rocket Companies will post 0.54 EPS for the current year.

Institutional Trading of Rocket Companies

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Truvestments Capital LLC purchased a new stake in Rocket Companies during the 4th quarter worth approximately $26,000. Acumen Wealth Advisors LLC purchased a new stake in shares of Rocket Companies during the fourth quarter worth $26,000. Pinnacle Bancorp Inc. increased its position in shares of Rocket Companies by 369.7% during the fourth quarter. Pinnacle Bancorp Inc. now owns 1,503 shares of the company’s stock worth $29,000 after acquiring an additional 1,183 shares during the period. City State Bank purchased a new position in Rocket Companies in the fourth quarter valued at $30,000. Finally, Smithfield Trust Co acquired a new position in Rocket Companies during the 4th quarter worth $32,000. 4.59% of the stock is currently owned by hedge funds and other institutional investors.

Rocket Companies News Summary

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

• Positive Sentiment: Rocket reported second-quarter adjusted revenue of $2.76 billion and GAAP net income of $229 million, while adjusted net income reached $441 million. Earnings of $0.16 per share matched expectations and improved from $0.04 a year earlier. Rocket Companies Announces Second Quarter 2026 Results
• Positive Sentiment: Management highlighted record mortgage-market-share gains and greater efficiency from artificial intelligence, which helped offset weakness in the broader housing market. Revenue increased approximately 92% year over year. RKT Q2 Earnings Match, Revenues Miss Amid Housing Weakness

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.