Rocket Companies, Inc. (RKT)
NYSE: RKT · IEX Real-Time Price · USD
13.32
+0.16 (1.22%)
At close: Jul 2, 2024, 4:00 PM
13.36
+0.04 (0.30%)
After-hours: Jul 2, 2024, 7:58 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 -18.32% from the current stock price of 13.32.
Analyst Consensus: Sell
* Price targets were last updated on May 7, 2024.
Analyst Ratings
The average analyst rating for RKT stock from 14 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 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 10 | 10 | 10 | 10 | 10 | 9 |
| Sell | 2 | 3 | 3 | 3 | 3 | 3 |
| Strong Sell | 2 | 2 | 2 | 2 | 2 | 2 |
| Total | 14 | 15 | 15 | 15 | 15 | 14 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Piper Sandler | Piper Sandler | Hold Reiterates $12 → $13 | Hold | Reiterates | $12 → $13 | -2.40% | May 7, 2024 |
| Wedbush | Wedbush | Hold Reiterates $13 | Hold | Reiterates | $13 | -2.40% | May 3, 2024 |
| JP Morgan | JP Morgan | Sell Maintains $11 → $11 | Sell | Maintains | $11 → $11 | -17.42% | May 3, 2024 |
| RBC Capital | RBC Capital | Hold Maintains $12 → $14 | Hold | Maintains | $12 → $14 | +5.11% | May 3, 2024 |
| B of A Securities | B of A Securities | Sell Maintains $7 → $8 | Sell | Maintains | $7 → $8 | -39.94% | Mar 18, 2024 |
Financial Forecast
Revenue This Year
5.34B
from 3.80B
Increased by 40.47%
Revenue Next Year
6.22B
from 5.34B
Increased by 16.60%
EPS This Year
0.30
from -0.15
EPS Next Year
0.56
from 0.30
Increased by 89.51%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 5.8B | 7.1B | 7.7B |
| Avg | 5.3B | 6.2B | 7.2B |
| Low | 4.9B | 5.2B | 6.9B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 52.3% | 32.5% | 23.0% |
| Avg | 40.5% | 16.6% | 16.4% |
| Low | 29.6% | -3.2% | 10.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 0.42 | 0.71 | 1.00 |
| Avg | 0.30 | 0.56 | 0.86 |
| Low | 0.19 | 0.34 | 0.74 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | 141.4% | 78.0% |
| Avg | - | 89.5% | 54.1% |
| Low | - | 16.0% | 31.1% |
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.