Royal Bank Of Canada Has Lowered Expectations for Rocket Companies (NYSE:RKT) Stock Price

Rocket Companies (NYSE:RKT) had its target price reduced by equities researchers at Royal Bank Of Canada from $16.00 to $14.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank Of Canada‘s price target points to a potential upside of 12.49% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. Barclays reduced their target price on shares of Rocket Companies from $17.00 to $15.00 and set an “overweight” rating on the stock in a research note on Monday, October 5th. Stephens cut their price target on shares of Rocket Companies from $22.50 to $20.00 and set an “overweight” rating for the company in a report on Friday, August 7th. JPMorgan Chase & Co. reduced their price target on shares of Rocket Companies from $14.00 to $12.50 and set a “neutral” rating on the stock in a research report on Monday, October 12th. Benchmark decreased their price objective on shares of Rocket Companies from $21.00 to $19.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. Finally, Morgan Stanley set a $16.00 price objective on shares of Rocket Companies and gave the stock an “overweight” rating in a report on Monday, October 12th. Eight research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $18.71.

Rocket Companies Price Performance

Shares of RKT stock traded up $0.53 during trading hours on Friday, hitting $12.45. The company had a trading volume of 20,933,608 shares, compared to its average volume of 30,196,475. Rocket Companies has a 12 month low of $10.18 and a 12 month high of $24.36. The company has a debt-to-equity ratio of 1.16, a quick ratio of 4.85 and a current ratio of 4.85. The firm’s fifty day moving average is $12.40 and its 200 day moving average is $14.81. The firm has a market capitalization of $35.24 billion, a price-to-earnings ratio of 89.18, a PEG ratio of 3.46 and a beta of 2.23.

Rocket Companies (NYSE:RKT) last announced its quarterly earnings results on Thursday, October 29th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. Rocket Companies had a return on equity of 5.13% and a net margin of 4.70%. The firm had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.58 billion. During the same period in the prior year, the business posted $0.07 earnings per share. The business’s revenue was up 37.4% compared to the same quarter last year. On average, sell-side analysts predict that Rocket Companies will post 0.48 EPS for the current fiscal year.

Insider Buying and Selling at Rocket Companies

In other Rocket Companies news, Rocket Mortgage CEO Jesse Bray sold 225,000 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $13.11, for a total transaction of $2,949,750.00. Following the transaction, the insider owned 7,953,027 shares in the company, valued at approximately $104,264,183.97. This trade represents a 2.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 450,000 shares of company stock valued at $5,687,074. Corporate insiders own 57.68% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Amundi grew its stake in shares of Rocket Companies by 152.1% during the 1st quarter. Amundi now owns 13,725,878 shares of the company’s stock worth $195,594,000 after acquiring an additional 8,280,463 shares in the last quarter. Andra AP fonden grew its holdings in Rocket Companies by 48.0% during the first quarter. Andra AP fonden now owns 729,357 shares of the company’s stock worth $10,393,000 after purchasing an additional 236,632 shares during the period. Swiss National Bank boosted its stake in shares of Rocket Companies by 7.2% during the 1st quarter. Swiss National Bank now owns 2,696,000 shares of the company’s stock worth $38,418,000 after acquiring an additional 180,500 shares during the period. Maple Rock Capital Partners Inc. increased its holdings in shares of Rocket Companies by 76.9% in the second quarter. Maple Rock Capital Partners Inc. now owns 5,543,600 shares of the company’s stock valued at $87,312,000 after purchasing an additional 2,410,400 shares during the last quarter. Finally, Diamond Hill Capital Management LLC Investment Advisor bought a new position in Rocket Companies in the 2nd quarter valued at about $67,795,000. Institutional investors and hedge funds own 4.59% of the company’s stock.

Trending Headlines about Rocket Companies

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

• Positive Sentiment: Profitability exceeded expectations. Rocket reported third-quarter adjusted EPS of $0.15, ahead of the $0.14 consensus estimate and more than double the $0.07 reported a year earlier. Adjusted revenue reached $2.57 billion, while GAAP net income was $709 million and adjusted net income was $419 million. Rocket Companies Announces Third Quarter 2026 Results
• Positive Sentiment: Strong year-over-year growth reinforced the earnings reaction. Revenue increased substantially from the prior-year period, and analysts characterized the quarter as an upside earnings surprise with improving profitability despite elevated mortgage rates. Rocket Companies Q3 earnings surprise to the upside as profitability improves
• Neutral Sentiment: Analyst sentiment remains favorable. Brokerages cited an average price target of approximately $18.88, well above the recent trading level, but targets may change following the earnings release. Rocket Companies consensus price target
• Negative Sentiment: Housing affordability remains a headwind. U.S. home-sale prices recently declined for the first time in more than three years, while mortgage payments remain near record highs. These conditions could weigh on purchase activity and mortgage demand. U.S. Home-Sale Prices Just Fell for the First Time in 3 Years
• Negative Sentiment: Fourth-quarter guidance was cautious. Rocket expects Q4 revenue of $2.10 billion to $2.30 billion, implying a sequential slowdown from Q3 and keeping the stock sensitive to interest rates and housing-market conditions. Rocket Companies Q4 revenue outlook

About Rocket Companies

Rocket Companies, Inc is a Detroit-based financial technology company that operates a portfolio of consumer finance and real estate businesses. Its platform is designed to simplify the homeownership process through digital applications, automated workflows and online customer support.

The company’s principal business is Rocket Mortgage, a residential mortgage lender and servicer offering home purchase, refinance and home equity products. Its broader portfolio includes Rocket Homes, a real estate services platform; Rocket Money, a personal finance app that helps consumers manage subscriptions, budgets and bills; Rocket Loans, which provides personal loans; and Rocket Pro, which supports mortgage brokers and other partners.

Rocket Companies traces its history to 1985, when Dan Gilbert founded Rock Financial.