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

Rocket Companies (NYSE:RKT) had its price target reduced by JPMorgan Chase & Co. from $15.50 to $14.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 4.95% from the company’s current price.

Several other brokerages have also recently issued reports on RKT. BTIG Research reaffirmed a “neutral” rating on shares of Rocket Companies in a report on Tuesday, June 16th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $20.00 price target on shares of Rocket Companies in a report on Monday, May 11th. Benchmark reduced their price target on shares of Rocket Companies from $21.00 to $19.00 and set a “buy” rating for the company in a research report on Friday. Morgan Stanley upgraded shares of Rocket Companies from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $18.00 to $19.00 in a report on Thursday, July 16th. Finally, Keefe, Bruyette & Woods lowered their price objective on Rocket Companies from $21.00 to $20.00 and set an “outperform” rating on the stock in a research report on Thursday, June 25th. 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 data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $20.20.

Rocket Companies Stock Up 0.9%

Shares of NYSE RKT traded up $0.12 during trading on Friday, reaching $13.34. The company had a trading volume of 27,832,387 shares, compared to its average volume of 29,184,662. Rocket Companies has a 12-month low of $12.17 and a 12-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 business’s 50-day moving average is $14.02 and its 200 day moving average is $15.48. The stock has a market cap of $37.74 billion, a PE ratio of 266.88 and a beta of 2.19.

Rocket Companies (NYSE:RKT) last posted 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 firm had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.81 billion. Rocket Companies had a return on equity of 4.30% and a net margin of 2.78%.Rocket Companies’s quarterly revenue was up 91.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.04 EPS. As a group, equities analysts forecast that Rocket Companies will post 0.54 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in Rocket Companies in the second quarter worth approximately $67,795,000. Handelsbanken Fonder AB lifted its holdings in shares of Rocket Companies by 1.3% during the 2nd quarter. Handelsbanken Fonder AB now owns 203,094 shares of the company’s stock valued at $3,199,000 after buying an additional 2,615 shares during the period. Fulton Bank N.A. bought a new position in shares of Rocket Companies during the 2nd quarter valued at $200,000. Valeo Financial Advisors LLC boosted its stake in shares of Rocket Companies by 4.2% in the 2nd quarter. Valeo Financial Advisors LLC now owns 20,473 shares of the company’s stock worth $322,000 after buying an additional 823 shares during the last quarter. Finally, MFG Wealth Management Inc. boosted its stake in shares of Rocket Companies by 20.2% in the 2nd quarter. MFG Wealth Management Inc. now owns 234,540 shares of the company’s stock worth $3,694,000 after buying an additional 39,449 shares during the last quarter. 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: 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

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.