Rocket Companies (RKT) Stock Forecast & Price Target

$14.06 -0.51 (-3.50%)

(As of 11/26/2024 ET)

Rocket Companies - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Reduce

Based on 12 Analyst Ratings

Sell
5

Hold
7

Buy
0

Based on 12 Wall Street analysts who have issued ratings for Rocket Companies in the last 12 months, the stock has a consensus rating of "Reduce." Out of the 12 analysts, 5 have given a sell rating, and 7 have given a hold rating for RKT.

Consensus Price Target

$15.13
7.57% Upside

According to the 12 analysts' twelve-month price targets for Rocket Companies, the average price target is $15.13. The highest price target for RKT is $19.00, while the lowest price target for RKT is $11.00. The average price target represents a forecasted upside of 7.57% from the current price of $14.06.

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RKT Analyst Ratings Over Time

Type	Current Forecast 11/27/23 to 11/26/24	1 Month Ago 10/28/23 to 10/27/24	3 Months Ago 8/29/23 to 8/28/24	1 Year Ago 11/27/22 to 11/27/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	0 Buy rating(s)	0 Buy rating(s)	0 Buy rating(s)	1 Buy rating(s)
Hold	7 Hold rating(s)	6 Hold rating(s)	7 Hold rating(s)	9 Hold rating(s)
Sell	5 Sell rating(s)	5 Sell rating(s)	5 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$15.13	$14.89	$12.31	$8.98
Forecasted Upside	7.57% Upside	-8.62% Downside	-37.05% Downside	-1.89% Downside
Consensus Rating	Reduce	Reduce	Reduce	Reduce

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RKT Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

RKT Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Rocket Companies Stock vs. The Competition

Type	Rocket Companies	Finance Companies	S&P 500
Consensus Rating Score	1.58	2.49	2.50
Consensus Rating	Reduce	Hold	Moderate Buy
Predicted Upside	7.65% Upside	9.38% Upside	6.81% Upside
News Sentiment Rating	Positive News See Recent RKT News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/14/2024	Bank of America 4 of 5 stars		Boost Target	Underperform ➝ Underperform	$14.00 ➝ $15.00	+9.17%
11/14/2024	UBS Group 4 of 5 stars		Lower Target	Sell ➝ Sell	$14.00 ➝ $12.50	-9.75%
11/14/2024	Keefe, Bruyette & Woods 4 of 5 stars	B. George Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Market Perform ➝ Market Perform	$20.00 ➝ $16.00	+13.23%
11/14/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$17.00 ➝ $16.00	+13.23%
11/13/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Perform ➝ Sector Perform	$20.00 ➝ $18.00	+29.59%
11/13/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Underweight ➝ Underweight	$14.00 ➝ $13.00	-6.41%
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11/13/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral	$18.00 ➝ $13.00	-6.68%
11/5/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Equal Weight	$11.00 ➝ $18.00	+11.66%
10/7/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underweight ➝ Underweight	$15.00 ➝ $19.00	+8.26%
8/2/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$11.00 ➝ $15.00	-13.19%
8/2/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$13.00 ➝ $15.00	-13.19%
2/28/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sell ➝ Sell	$10.00 ➝ $11.00	-8.64%
10/3/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$11.00 ➝ $9.00	+12.64%
5/22/2023	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sell ➝ Hold
3/2/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Underperform	$7.00	-12.83%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 07:26 PM ET.

RKT Forecast - Frequently Asked Questions

: According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for Rocket Companies is $15.13, with a high forecast of $19.00 and a low forecast of $11.00.
: 12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Rocket Companies in the last year. There are currently 5 sell ratings and 7 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" RKT shares.
: According to analysts, Rocket Companies's stock has a predicted upside of 7.57% based on their 12-month stock forecasts.
: Rocket Companies has been rated by research analysts at Bank of America, Barclays, JPMorgan Chase & Co., Keefe, Bruyette & Woods, Morgan Stanley, Piper Sandler, Royal Bank of Canada, UBS Group, and Wedbush in the past 90 days.
: Analysts like Rocket Companies less than other "finance" companies. The consensus rating for Rocket Companies is Reduce while the average consensus rating for "finance" companies is Hold. Learn more on how RKT compares to other companies.

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This page (NYSE:RKT) was last updated on 11/26/2024 by MarketBeat.com Staff

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Rocket Companies (RKT) Stock Forecast & Price Target