Rocket Companies (NYSE:RKT) Given New $14.00 Price Target at JPMorgan Chase & Co.

Rocket Companies (NYSE:RKT) had its target price cut by JPMorgan Chase & Co. from $15.50 to $14.00 in a research note published on Friday,Benzinga reports. They currently have a neutral rating on the stock.

Several other brokerages also recently weighed in on RKT. Morgan Stanley upgraded Rocket Companies from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $18.00 to $19.00 in a research note on Thursday, July 16th. Stephens decreased their price target on Rocket Companies from $22.50 to $20.00 and set an “overweight” rating for the company in a research note on Friday. Zacks Research raised Rocket Companies from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Wells Fargo & Company dropped their price target on Rocket Companies from $17.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Friday. Finally, BTIG Research restated 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.87.

Rocket Companies Price Performance

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

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, hitting the consensus estimate of $0.16. The business had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.81 billion. Rocket Companies had a net margin of 4.70% and a return on equity of 5.50%. The business’s revenue for the quarter was up 91.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.04 earnings per share. As a group, analysts predict that Rocket Companies will post 0.54 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Rocket Companies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada grew its stake in Rocket Companies by 48.9% during the 1st quarter. Royal Bank of Canada now owns 69,641 shares of the company’s stock valued at $841,000 after purchasing an additional 22,861 shares during the last quarter. Amundi raised its stake in shares of Rocket Companies by 3.1% in the first quarter. Amundi now owns 33,416 shares of the company’s stock worth $403,000 after purchasing an additional 997 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Rocket Companies by 1,086.5% in the first quarter. AQR Capital Management LLC now owns 400,467 shares of the company’s stock worth $4,734,000 after purchasing an additional 366,716 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Rocket Companies by 12.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 370,619 shares of the company’s stock worth $4,473,000 after purchasing an additional 40,326 shares during the last quarter. Finally, Creative Planning lifted its holdings in shares of Rocket Companies by 17.2% during the second quarter. Creative Planning now owns 18,215 shares of the company’s stock worth $258,000 after purchasing an additional 2,679 shares during the period. Hedge funds and other institutional investors own 4.59% of the company’s stock.

More 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. 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.