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

Rocket Companies (NYSE:RKT) had its price target lowered by investment analysts at JPMorgan Chase & Co. from $15.50 to $14.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 4.95% from the stock’s current price.

A number of other brokerages also recently issued reports on RKT. Stephens cut their price objective on shares of Rocket Companies from $22.50 to $20.00 and set an “overweight” rating for the company in a research report on Friday. Barclays lowered their target price on 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 cut their price target on Rocket Companies from $21.00 to $20.00 and set an “outperform” rating for the company in a report on Thursday, June 25th. Morgan Stanley upgraded Rocket Companies from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $18.00 to $19.00 in a research report on Thursday, July 16th. Finally, Weiss Ratings raised Rocket Companies from a “sell (d)” rating to a “hold (c)” rating in a research note on Wednesday, May 13th. Ten equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $20.20.

Rocket Companies Stock Performance

Shares of NYSE:RKT traded up $0.12 during trading on Friday, hitting $13.34. The company’s stock had a trading volume of 27,832,387 shares, compared to its average volume of 29,184,662. 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 cap of $37.74 billion, a price-to-earnings ratio of 266.88 and a beta of 2.19. The company has a 50-day moving average of $14.02 and a 200-day moving average of $15.48. Rocket Companies has a 12 month low of $12.17 and a 12 month high of $24.36.

Rocket Companies (NYSE:RKT) last announced its 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 net margin of 2.78% and a return on equity of 4.30%. The company had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.81 billion. During the same period in the previous year, the business posted $0.04 earnings per share. The firm’s quarterly revenue was up 91.9% compared to the same quarter last year. On average, sell-side analysts expect that Rocket Companies will post 0.54 earnings per share for the current year.

Institutional Trading of Rocket Companies

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Rocket Companies by 280.3% in the 4th quarter. Vanguard Group Inc. now owns 87,256,540 shares of the company’s stock worth $1,689,287,000 after buying 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% in the fourth 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 during the period. 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 purchasing 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 purchasing an additional 22,196,782 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in Rocket Companies by 11,636.8% during the 4th 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 during the period. 4.59% of the stock is currently owned by institutional investors.

Rocket Companies News Roundup

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.