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

Rocket Companies (NYSE:RKT) had its price objective dropped by analysts at Benchmark from $21.00 to $19.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Benchmark’s target price suggests a potential upside of 41.73% from the company’s current price.

Several other research firms have also weighed in on RKT. JPMorgan Chase & Co. reduced their price objective on Rocket Companies from $16.00 to $15.50 and set a “neutral” rating on the stock in a research note on Monday, July 13th. Barclays reduced their price target on shares of Rocket Companies from $19.00 to $17.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 7th. Keefe, Bruyette & Woods decreased their price objective on shares of Rocket Companies from $21.00 to $20.00 and set an “outperform” rating for the company in a research note on Thursday, June 25th. Wells Fargo & Company dropped their price objective on shares of Rocket Companies from $17.00 to $15.00 and set an “equal weight” rating for the company in a research report on Friday. Finally, Weiss Ratings upgraded shares of Rocket Companies from a “sell (d)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. Ten research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $20.30.

Rocket Companies Trading Up 1.4%

RKT stock traded up $0.19 on Friday, hitting $13.41. 26,315,691 shares of the company were exchanged, compared to its average volume of 29,174,912. The stock has a market capitalization of $37.93 billion, a price-to-earnings ratio of 268.34 and a beta of 2.19. The business’s fifty day moving average is $14.02 and its two-hundred day moving average is $15.48. Rocket Companies has a twelve month low of $12.17 and a twelve month 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.

Rocket Companies (NYSE:RKT) last issued its 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 return on equity of 4.30% and a net margin of 2.78%.The business had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.81 billion. During the same period last year, the company posted $0.04 EPS. The business’s quarterly revenue was up 91.9% on a year-over-year basis. As a group, research analysts forecast that Rocket Companies will post 0.54 earnings per share for the current year.

Institutional Investors Weigh In On Rocket Companies

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of 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 purchasing an additional 64,311,040 shares in the last quarter. ValueAct Holdings L.P. boosted its stake 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 valued at $762,409,000 after buying an additional 13,985,025 shares during the last quarter. Nuveen LLC grew its position in shares of Rocket Companies by 5.5% during the fourth quarter. Nuveen LLC now owns 32,538,137 shares of the company’s stock worth $629,938,000 after buying an additional 1,706,659 shares in the last quarter. Morgan Stanley grew its position in shares of Rocket Companies by 461.2% during the fourth quarter. Morgan Stanley now owns 27,009,279 shares of the company’s stock worth $522,900,000 after buying an additional 22,196,782 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Rocket Companies by 11,636.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 26,189,869 shares of the company’s stock worth $507,037,000 after buying an additional 25,966,725 shares during the last quarter. 4.59% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Rocket Companies

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

• Positive Sentiment: Strong year-over-year growth and market-share gains: Second-quarter revenue rose 91.9% year over year to approximately $2.76 billion, while the company reported $0.16 in adjusted EPS, up from $0.04 a year earlier. Rocket also highlighted record mortgage-market-share gains and improved efficiency from artificial intelligence. RKT Q2 Earnings Match, Revenues Miss Amid Housing Weakness, Stock Dips
• Positive Sentiment: Earnings met expectations: Rocket’s second-quarter EPS matched the $0.16 analyst consensus, and adjusted net income reached $441 million, supporting the company’s profitability narrative despite a difficult housing environment. Rocket Companies Announces Second Quarter 2026 Results
• Neutral Sentiment: Analysts remain divided: Stephens reduced its price target from $22.50 to $20.00 but retained an “overweight” rating. Wells Fargo lowered its target from $17.00 to $15.00 and maintained an “equal weight” rating. The cuts reflect more cautious near-term expectations, although both targets remain above the recent share price. Analyst price-target updates
• Negative Sentiment: Revenue and forward guidance disappointed: Second-quarter revenue fell short of the approximately $2.81 billion consensus estimate. Rocket guided for third-quarter revenue of $2.5 billion to $2.7 billion, below analysts’ roughly $2.9 billion forecast, increasing concerns about mortgage demand and near-term earnings momentum.
• Negative Sentiment: Housing conditions remain a headwind: Redfin reported that pending home sales declined 3.7% week over week to a five-month low as mortgage rates rose to their highest level in nearly a year. The broader real-estate selloff has added pressure to mortgage-related stocks, including RKT. Redfin Reports Pending Home Sales Sink to 5-Month Low

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.