Royal Bank Of Canada Issues Pessimistic Forecast for Rocket Companies (NYSE:RKT) Stock Price

Rocket Companies (NYSE:RKT) had its price objective cut by investment analysts at Royal Bank Of Canada from $20.00 to $15.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 10.04% from the stock’s current price.

A number of other brokerages have also recently issued reports on RKT. Keefe, Bruyette & Woods reduced their target price on shares of Rocket Companies from $21.00 to $20.00 and set an “outperform” rating for the company in a research report on Thursday, June 25th. JPMorgan Chase & Co. lowered their price target on shares of Rocket Companies from $15.50 to $14.00 and set a “neutral” rating on the stock in a research report on Friday. Morgan Stanley upgraded 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 research note on Thursday, July 16th. BTIG Research reissued a “neutral” rating on shares of Rocket Companies in a report on Tuesday, June 16th. Finally, Wells Fargo & Company decreased their target price 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. Ten investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $19.87.

Rocket Companies Stock Performance

Shares of Rocket Companies stock traded up $0.41 on Friday, hitting $13.63. The stock had a trading volume of 41,116,701 shares, compared to its average volume of 29,226,092. The stock has a market cap of $38.57 billion, a price-to-earnings ratio of 272.62 and a beta of 2.19. 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 twelve month low of $12.17 and a twelve month high of $24.36. The business’s 50 day moving average is $14.02 and its two-hundred day moving average is $15.48.

Rocket Companies (NYSE:RKT) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. Rocket Companies had a return on equity of 4.30% and a net margin of 2.78%.The business had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.81 billion. During the same period in the previous year, the company posted $0.04 EPS. The firm’s quarterly revenue was up 91.9% on a year-over-year basis. Analysts forecast that Rocket Companies will post 0.54 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Rocket Companies by 280.3% in the 4th quarter. Vanguard Group Inc. now owns 87,256,540 shares of the company’s stock valued at $1,689,287,000 after buying an additional 64,311,040 shares during the period. ValueAct Holdings L.P. boosted its position in shares of Rocket Companies by 55.1% during the 4th quarter. ValueAct Holdings L.P. now owns 39,380,652 shares of the company’s stock worth $762,409,000 after acquiring an additional 13,985,025 shares in the last quarter. Nuveen LLC increased its stake in Rocket Companies by 5.5% in the fourth quarter. Nuveen LLC now owns 32,538,137 shares of the company’s stock valued at $629,938,000 after acquiring an additional 1,706,659 shares during the last quarter. Morgan Stanley increased its stake in Rocket Companies by 461.2% in the fourth quarter. Morgan Stanley now owns 27,009,279 shares of the company’s stock valued at $522,900,000 after acquiring an additional 22,196,782 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in Rocket Companies by 11,636.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 26,189,869 shares of the company’s stock valued at $507,037,000 after purchasing an additional 25,966,725 shares in the last quarter. Institutional investors own 4.59% of the company’s stock.

Key Rocket Companies News

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. EPS of $0.16 matched estimates and increased from $0.04 a year earlier. Record mortgage-market-share gains and improved efficiency from artificial intelligence provided additional support. Rocket Companies Announces Second Quarter 2026 Results
• Positive Sentiment: Benchmark maintained a “buy” rating, while Stephens retained an “overweight” rating. Although both firms reduced their price targets, their revised targets of $19 and $20 still imply substantial potential upside for RKT. Benzinga analyst updates
• Neutral Sentiment: JPMorgan lowered its target to $14 and adopted a “neutral” rating, while Wells Fargo cut its target to $15 and kept an “equal weight” rating. These revisions indicate limited near-term conviction despite targets remaining above the recent trading level. Benzinga analyst updates
• Neutral Sentiment: Unusually large options activity was reported in Rocket Companies shares, potentially signaling increased institutional interest or hedging, but the directional impact is unclear. Rocket Companies Target of Unusually Large Options Trading
• Negative Sentiment: Revenue fell short of consensus expectations of $2.81 billion, even though it surged 91.9% year over year. The miss, combined with reports that record earnings trailed expectations on key metrics, has weighed on the stock. RKT Q2 Earnings Match, Revenues Miss Amid Housing Weakness
• 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 outlook reflects continued pressure from elevated mortgage rates and weaker housing demand. Redfin Reports Pending Home Sales Sink to a Five-Month Low

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.