Rocket Companies (NYSE:RKT) Price Target Lowered to $20.00 at Stephens

Rocket Companies (NYSE:RKT) had its price target lowered by Stephens from $22.50 to $20.00 in a report released on Friday,Benzinga reports. The firm currently has an overweight rating on the stock.

RKT has been the topic of several other research reports. Wells Fargo & Company lowered their price target on shares of Rocket Companies from $17.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Friday. JPMorgan Chase & Co. cut their price objective on shares of Rocket Companies from $16.00 to $15.50 and set a “neutral” rating for the company in a research report on Monday, July 13th. Benchmark began coverage on shares of Rocket Companies in a research note on Monday, June 29th. They set a “buy” rating and a $21.00 target price on the stock. Zacks Research upgraded shares of Rocket Companies from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Finally, BTIG Research reissued a “neutral” rating on shares of Rocket Companies in a research note on Tuesday, June 16th. Ten investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, Rocket Companies has an average rating of “Moderate Buy” and an average price target of $19.87.

Rocket Companies Price Performance

RKT stock opened at $13.63 on Friday. Rocket Companies has a 1 year low of $12.17 and a 1 year high of $24.36. The company has a debt-to-equity ratio of 1.13, a current ratio of 4.37 and a quick ratio of 4.37. The firm has a market capitalization of $38.57 billion, a PE ratio of 97.36 and a beta of 2.19. The business has a 50 day simple moving average of $14.00 and a 200-day simple moving average of $15.47.

Rocket Companies (NYSE:RKT) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.16. The company had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.81 billion. Rocket Companies had a return on equity of 5.50% and a net margin of 4.70%.The firm’s revenue for the quarter was up 91.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.04 earnings per share. Equities research analysts anticipate that Rocket Companies will post 0.54 earnings per share for the current fiscal year.

Institutional Trading of Rocket Companies

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Truvestments Capital LLC purchased a new stake in Rocket Companies in the 4th quarter valued at about $26,000. Acumen Wealth Advisors LLC purchased a new position in Rocket Companies during the fourth quarter worth about $26,000. Pinnacle Bancorp Inc. boosted its stake in 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 buying an additional 1,183 shares during the period. City State Bank acquired a new stake in shares of Rocket Companies during the fourth quarter valued at about $30,000. Finally, Smithfield Trust Co acquired a new stake in shares of Rocket Companies during the fourth quarter valued at about $32,000. 4.59% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Rocket Companies

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

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.