Rocket Companies, Inc. (RKT)
NYSE: RKT · IEX Real-Time Price · USD
14.12
+0.24 (1.73%)
At close: May 17, 2024, 4:00 PM
14.25
+0.13 (0.92%)
After-hours: May 17, 2024, 7:49 PM EDT
Rocket Companies Stock Forecast
Stock Price Forecast
The 14 analysts with 12-month price forecasts for Rocket Companies stock have an average target of 10.88, with a low estimate of 8.00 and a high estimate of 14. The average target predicts a decrease of -22.95% from the current stock price of 14.12.
Analyst Consensus: Sell
Analyst Ratings
The average analyst rating for RKT stock from 15 stock analysts is "Sell". This means that analysts believe this stock is likely to lead to lower returns than market as a whole.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 10 | 10 | 10 | 10 | 10 | 10 |
| Sell | 1 | 2 | 2 | 3 | 3 | 3 |
| Strong Sell | 1 | 2 | 2 | 2 | 2 | 2 |
| Total | 12 | 14 | 14 | 15 | 15 | 15 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Piper Sandler | Piper Sandler | Hold Reiterates $12 → $13 | Hold | Reiterates | $12 → $13 | -7.93% | May 7, 2024 |
| JP Morgan | JP Morgan | Sell Maintains $11 → $11 | Sell | Maintains | $11 → $11 | -22.10% | May 3, 2024 |
| RBC Capital | RBC Capital | Hold Maintains $12 → $14 | Hold | Maintains | $12 → $14 | -0.85% | May 3, 2024 |
| Wedbush | Wedbush | Hold Reiterates $13 | Hold | Reiterates | $13 | -7.93% | May 3, 2024 |
| B of A Securities | B of A Securities | Sell Maintains $7 → $8 | Sell | Maintains | $7 → $8 | -43.34% | Mar 18, 2024 |
Financial Forecast
Revenue This Year
4.92B
from 3.80B
Increased by 29.55%
Revenue Next Year
6.20B
from 4.92B
Increased by 25.86%
EPS This Year
0.32
from -0.15
EPS Next Year
0.58
from 0.32
Increased by 80.28%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 5.7B | 7.1B | 8.3B |
| Avg | 4.9B | 6.2B | 7.2B |
| Low | 3.9B | 5.2B | 6.5B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 50.4% | 44.7% | 33.5% |
| Avg | 29.6% | 25.9% | 16.2% |
| Low | 3.9% | 6.2% | 5.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 0.49 | 0.83 | 1.21 |
| Avg | 0.32 | 0.58 | 0.92 |
| Low | 0.17 | 0.36 | 0.74 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | 158.3% | 108.5% |
| Avg | - | 80.3% | 58.7% |
| Low | - | 12.9% | 26.9% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.