Rocket Companies (RKT) Stock Forecast, Price Target & Predictions
RKT Stock Forecast
Rocket Companies stock forecast is as follows: an average price target of $18.00 (represents a 52.28% upside from RKT’s last price of $11.82) and a rating consensus of 'Hold', based on 13 wall street analysts offering a 1-year stock forecast.
RKT Price Target
The average price target for Rocket Companies (RKT) is $18.00 based on 1-year price targets from 13 Wall Street analysts in the past 3 months, with a price target range of $20.00 to $16.00. This represents a potential 52.28% upside from RKT's last price of $11.82.
RKT Analyst Ratings
According to 13 Wall Street analysts, Rocket Companies's rating consensus is 'Hold'. The analyst rating breakdown for RKT stock is 0 'Strong Buy' (0.00%), 1 'Buy' (7.69%), 10 'Hold' (76.92%), 2 'Sell' (15.38%), and 0 'Strong Sell' (0.00%).
Rocket Companies Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Nov 05, 2024 | Jeffrey Adelson | Morgan Stanley | $18.00 | $16.30 | 10.43% | 52.28% |
| Sep 12, 2024 | Kevin Baker | Piper Sandler | $16.00 | $18.43 | -13.21% | 35.36% |
| Sep 11, 2024 | Daniel Perlin | RBC Capital | $20.00 | $18.48 | 8.20% | 69.20% |
| May 07, 2024 | Kevin Barker | Piper Sandler | $13.00 | $13.81 | -5.87% | 9.98% |
| May 03, 2024 | Daniel Perlin | RBC Capital | $14.00 | $12.73 | 9.98% | 18.44% |
| Jul 14, 2022 | Mark DeVries | Barclays | $8.00 | $8.52 | -6.10% | -32.32% |
| Jul 06, 2022 | Donald Fandetti | Wells Fargo | $10.00 | $8.46 | 18.27% | -15.40% |
| Feb 22, 2022 | Mihir Bhati | Bank of America Securities | $11.00 | $11.53 | -4.60% | -6.94% |
| Jan 05, 2022 | Kevin Barker | Piper Sandler | $18.00 | $13.17 | 36.67% | 52.28% |
| Jan 03, 2022 | Henry Coffey | Wedbush | $14.00 | $13.68 | 2.34% | 18.44% |
| Nov 04, 2021 | Ryan Carr | Jefferies | $17.00 | $16.59 | 2.47% | 43.82% |
| Jun 08, 2021 | Kevin Heal | Argus Research | $23.00 | $19.80 | 16.16% | 94.59% |
| May 09, 2021 | Bose George | KBW | $16.00 | $16.40 | -2.44% | 35.36% |
The latest Rocket Companies stock forecast, released on Nov 05, 2024 by Jeffrey Adelson from Morgan Stanley, set a price target of $18.00, which represents a 10.43% increase from the stock price at the time of the forecast ($16.30), and a 52.28% increase from RKT last price ($11.82).
Rocket Companies Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 5 |
| Avg Price Target | - | $18.00 | $16.20 |
| Last Closing Price | $11.82 | $11.82 | $11.82 |
| Upside/Downside | -100.00% | 52.28% | 37.06% |
In the current month, the average price target of Rocket Companies stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Rocket Companies's last price of $11.82. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Nov 13, 2024 | Bank of America Securities | Underperform | Underperform | Hold |
| Oct 08, 2024 | Barclays | Underweight | Underweight | Hold |
| Sep 16, 2024 | UBS | Sell | Sell | Hold |
| Sep 12, 2024 | Piper Sandler | Neutral | Neutral | Hold |
| Sep 11, 2024 | Wedbush | Neutral | Neutral | Hold |
| Sep 11, 2024 | RBC Capital | Sector Perform | Sector Perform | Hold |
| Aug 02, 2024 | Wedbush | Neutral | Neutral | Hold |
| Jul 18, 2024 | Jefferies | Hold | Hold | Hold |
| Jul 09, 2024 | Barclays | Underweight | Underweight | Hold |
| May 07, 2024 | Piper Sandler | Neutral | Neutral | Hold |
| May 03, 2024 | RBC Capital | Sector Perform | Sector Perform | Hold |
| Feb 26, 2024 | Wedbush | Underperform | Underperform | Hold |
| Feb 26, 2024 | UBS | Sell | Sell | Hold |
| Feb 26, 2024 | Wells Fargo | Market Perform | Market Perform | Hold |
| Sep 06, 2022 | Consumer Edge Research | Neutral | Downgrade | |
| Sep 06, 2022 | HSBC | Neutral | Downgrade | |
| May 16, 2022 | Keefe, Bruyette & Woods | Market Perform | Upgrade | |
| May 11, 2022 | Citigroup | Buy | Neutral | Downgrade |
| May 11, 2022 | Wells Fargo | Equal-Weight | Equal-Weight | Hold |
| Apr 26, 2022 | Deutsche Bank | Buy | Buy | Hold |
| Feb 28, 2022 | Citigroup | Buy | Buy | Hold |
| Feb 25, 2022 | Credit Suisse | Neutral | Neutral | Hold |
| Feb 13, 2022 | Wells Fargo | Equal-Weight | Equal-Weight | Hold |
| Jan 03, 2022 | Wedbush | Neutral | Upgrade | |
| Mar 28, 2021 | Credit Suisse | Neutral | Neutral | Hold |
Rocket Companies's last stock rating was published by Bank of America Securities on Nov 13, 2024. The company gave RKT a "Underperform" rating, the same as its previous rate.
Rocket Companies Financial Forecast
Rocket Companies Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.16B | $1.20B | $627.74M | $442.46M | $1.26B | $1.35B | $2.63B | $2.47B | $3.08B | $2.63B | $4.55B | $4.62B | $4.60B | $4.44B |
| Avg Forecast | $1.73B | $1.97B | $1.92B | $1.63B | $1.58B | $1.79B | $1.65B | $1.37B | $1.17B | $1.25B | $1.22B | $1.03B | $740.60M | $970.57M | $992.05M | $774.14M | $683.31M | $1.09B | $1.56B | $2.17B | $2.63B | $2.93B | $2.82B | $4.22B | $4.00B | $4.55B | $5.28B |
| High Forecast | $1.81B | $2.06B | $2.00B | $1.71B | $1.65B | $1.87B | $1.72B | $1.46B | $1.22B | $1.26B | $1.22B | $1.03B | $806.53M | $970.57M | $1.04B | $809.14M | $714.21M | $1.09B | $1.56B | $2.17B | $2.63B | $2.93B | $2.82B | $4.22B | $4.00B | $4.55B | $5.28B |
| Low Forecast | $1.65B | $1.88B | $1.82B | $1.55B | $1.50B | $1.70B | $1.57B | $1.27B | $1.12B | $1.23B | $1.22B | $1.02B | $550.96M | $970.57M | $942.92M | $735.81M | $649.48M | $1.09B | $1.56B | $2.17B | $2.63B | $2.93B | $2.82B | $4.22B | $4.00B | $4.55B | $5.28B |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 4 | 2 | 5 | 4 | 8 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 5 | 4 | 5 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.20% | 1.21% | 0.81% | 0.65% | 1.16% | 0.87% | 1.21% | 0.94% | 1.05% | 0.93% | 1.08% | 1.15% | 1.01% | 0.84% |
Rocket Companies's average Quarter revenue forecast for Dec 23 based on 8 analysts is $740.60M, with a low forecast of $550.96M, and a high forecast of $806.53M. RKT's average Quarter revenue forecast represents a -36.42% decrease compared to the company's last Quarter revenue of $1.16B (Sep 23).
Rocket Companies EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 4 | 2 | 5 | 4 | 8 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 5 | 4 | 5 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | $36.52M | $32.01M | $-414.36M | $31.00M | $125.74M | $120.12M | $180.96M | $239.44M | $234.69M | $205.17M | $308.25M | $379.70M | $242.29M | $3.59B |
| Avg Forecast | $93.56M | $106.48M | $103.41M | $88.09M | $85.32M | $96.50M | $88.97M | $73.77M | $62.84M | $67.30M | $65.75M | $265.06M | $39.95M | $52.36M | $53.51M | $240.97M | $298.97M | $70.47M | $100.85M | $219.06M | $170.66M | $190.16M | $182.98M | $308.25M | $259.39M | $215.62M | $342.27M |
| High Forecast | $97.79M | $111.30M | $108.08M | $92.08M | $89.17M | $100.86M | $92.99M | $78.83M | $66.04M | $68.20M | $65.75M | $318.08M | $43.51M | $52.36M | $55.93M | $289.16M | $358.77M | $70.47M | $100.85M | $262.87M | $170.66M | $190.16M | $182.98M | $369.90M | $259.39M | $258.74M | $342.27M |
| Low Forecast | $88.93M | $101.21M | $98.29M | $83.73M | $81.09M | $91.72M | $84.56M | $68.70M | $60.18M | $66.39M | $65.75M | $212.05M | $29.72M | $52.36M | $50.86M | $192.77M | $239.18M | $70.47M | $100.85M | $175.25M | $170.66M | $190.16M | $182.98M | $246.60M | $259.39M | $172.50M | $342.27M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.70% | 0.60% | -1.72% | 0.10% | 1.78% | 1.19% | 0.83% | 1.40% | 1.23% | 1.12% | 1.00% | 1.46% | 1.12% | 10.48% |
8 analysts predict RKT's average Quarter EBITDA for Dec 23 to be $39.95M, with a high of $43.51M and a low of $29.72M. This is 9.39% upper than Rocket Companies's previous annual EBITDA (Sep 23) of $36.52M.
Rocket Companies Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 4 | 2 | 5 | 4 | 8 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 5 | 4 | 5 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | $6.21M | $7.44M | $-411.48M | $-492.65M | $96.22M | $59.76M | $1.04B | $865.32M | $75.34M | $61.12M | $123.70M | $140.05M | $57.90M | $3.46B |
| Avg Forecast | $363.38M | $451.06M | $419.67M | $309.49M | $318.84M | $395.25M | $323.85M | $172.78M | $65.15M | $160.49M | $97.93M | $78.67M | $-106.70M | $-48.63M | $-82.20M | $71.52M | $60.00M | $-3.50M | $2.81M | $65.02M | $51.10M | $67.09M | $66.97M | $123.70M | $122.58M | $51.53M | $200.31M |
| High Forecast | $384.73M | $477.59M | $444.33M | $327.68M | $337.60M | $418.49M | $342.88M | $251.31M | $86.87M | $162.38M | $98.04M | $94.41M | $-64.02M | $-45.50M | $-76.91M | $85.83M | $72.00M | $-3.50M | $2.81M | $78.02M | $51.10M | $67.09M | $66.97M | $148.44M | $122.58M | $61.83M | $200.31M |
| Low Forecast | $339.98M | $422.03M | $392.67M | $289.58M | $298.31M | $369.81M | $303.00M | $94.24M | $43.44M | $158.60M | $97.81M | $62.94M | $-149.37M | $-51.49M | $-87.03M | $57.22M | $48.00M | $-3.50M | $2.81M | $52.02M | $51.10M | $67.09M | $66.97M | $98.96M | $122.58M | $41.22M | $200.31M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | -0.13% | -0.09% | -5.75% | -8.21% | -27.49% | 21.27% | 15.94% | 16.93% | 1.12% | 0.91% | 1.00% | 1.14% | 1.12% | 17.28% |
Rocket Companies's average Quarter net income forecast for Dec 23 is $-106.70M, with a range of $-149.37M to $-64.02M. RKT's average Quarter net income forecast represents a -1819.23% decrease compared to the company's last Quarter net income of $6.21M (Sep 23).
Rocket Companies SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 4 | 2 | 5 | 4 | 8 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 5 | 4 | 5 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $982.39M | $998.41M | $980.77M | $890.78M | $1.09B | $1.22B | $1.46B | $1.43B | $1.50B | $1.41B | $1.45B | $1.45B | $1.35B | $1.34B |
| Avg Forecast | $1.18B | $1.34B | $1.30B | $1.11B | $1.07B | $1.22B | $1.12B | $929.45M | $791.84M | $847.94M | $828.40M | $697.64M | $503.38M | $659.69M | $674.28M | $526.17M | $464.44M | $738.79M | $1.06B | $1.76B | $1.79B | $1.99B | $1.92B | $1.45B | $2.72B | $1.20B | $3.59B |
| High Forecast | $1.23B | $1.40B | $1.36B | $1.16B | $1.12B | $1.27B | $1.17B | $993.30M | $832.10M | $859.39M | $828.40M | $699.50M | $548.19M | $659.69M | $704.77M | $549.97M | $485.44M | $738.79M | $1.06B | $2.12B | $1.79B | $1.99B | $1.92B | $1.75B | $2.72B | $1.44B | $3.59B |
| Low Forecast | $1.12B | $1.28B | $1.24B | $1.06B | $1.02B | $1.16B | $1.07B | $865.59M | $758.29M | $836.49M | $828.40M | $695.77M | $374.48M | $659.69M | $640.90M | $500.12M | $441.44M | $738.79M | $1.06B | $1.41B | $1.79B | $1.99B | $1.92B | $1.16B | $2.72B | $959.44M | $3.59B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.49% | 1.48% | 1.86% | 1.92% | 1.47% | 1.15% | 0.83% | 0.80% | 0.75% | 0.74% | 1.00% | 0.53% | 1.12% | 0.37% |
Rocket Companies's average Quarter SG&A projection for Dec 23 is $503.38M, based on 8 Wall Street analysts, with a range of $374.48M to $548.19M. The forecast indicates a -48.76% fall compared to RKT last annual SG&A of $982.39M (Sep 23).
Rocket Companies EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 4 | 2 | 5 | 4 | 8 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 5 | 4 | 5 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.05 | $0.06 | $-3.30 | $-4.05 | $0.81 | $0.50 | $8.45 | $6.53 | $0.55 | $0.45 | $1.07 | $1.21 | $0.54 | $23.03 |
| Avg Forecast | $0.18 | $0.23 | $0.21 | $0.15 | $0.16 | $0.20 | $0.16 | $0.09 | $0.03 | $0.08 | $0.05 | $0.01 | $-0.05 | $-0.02 | $-0.04 | $-0.09 | $-0.12 | $-0.03 | $0.02 | $0.19 | $0.37 | $0.48 | $0.48 | $0.90 | $0.88 | $1.09 | $1.43 |
| High Forecast | $0.19 | $0.24 | $0.22 | $0.16 | $0.17 | $0.21 | $0.17 | $0.13 | $0.04 | $0.08 | $0.05 | $0.01 | $-0.03 | $-0.02 | $-0.04 | $-0.08 | $-0.11 | $-0.03 | $0.02 | $0.19 | $0.37 | $0.48 | $0.48 | $0.90 | $0.88 | $1.09 | $1.43 |
| Low Forecast | $0.17 | $0.21 | $0.20 | $0.14 | $0.15 | $0.18 | $0.15 | $0.05 | $0.02 | $0.08 | $0.05 | $0.01 | $-0.07 | $-0.03 | $-0.04 | $-0.09 | $-0.13 | $-0.03 | $0.02 | $0.19 | $0.37 | $0.48 | $0.48 | $0.90 | $0.88 | $1.09 | $1.43 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | -2.06% | -1.46% | 37.15% | 34.13% | -32.32% | 24.86% | 45.59% | 17.84% | 1.14% | 0.94% | 1.19% | 1.38% | 0.49% | 16.05% |
According to 8 Wall Street analysts, Rocket Companies's projected average Quarter EPS for Dec 23 is $-0.05, with a low estimate of $-0.07 and a high estimate of $-0.03. This represents a -206.52% decrease compared to RKT previous annual EPS of $0.05 (Sep 23).
Rocket Companies Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| LDI | loanDepot | $2.13 | $6.00 | 181.69% | Buy |
| GHI | Greystone Housing Impact Investors LP | $10.54 | $19.00 | 80.27% | Buy |
| UWMC | UWM | $5.96 | $9.00 | 51.01% | Buy |
| RKT | Rocket Companies | $12.13 | $18.00 | 48.39% | Hold |
| GHLD | Guild Company | $13.44 | $18.00 | 33.93% | Buy |
| ECPG | Encore Capital Group | $49.04 | $58.00 | 18.27% | Buy |
| PFSI | PennyMac Financial Services | $103.69 | $121.67 | 17.34% | Buy |
| VEL | Velocity Financial | $20.69 | $23.00 | 11.16% | Buy |
| COOP | Mr. Cooper Group | $98.45 | $108.00 | 9.70% | Buy |