Rocket Companies (RKT) Stock Forecast, Price Target & Predictions
RKT Stock Forecast
Rocket Companies stock forecast is as follows: an average price target of $15.30 (represents a 12.42% upside from RKT’s last price of $13.61) 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 $15.30 based on 1-year price targets from 13 Wall Street analysts in the past 3 months, with a price target range of $23.00 to $8.00. This represents a potential 12.42% upside from RKT's last price of $13.61.
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% | 32.26% |
| Sep 12, 2024 | Kevin Baker | Piper Sandler | $16.00 | $18.43 | -13.21% | 17.56% |
| Sep 11, 2024 | Daniel Perlin | RBC Capital | $20.00 | $18.48 | 8.20% | 46.95% |
| May 07, 2024 | Kevin Barker | Piper Sandler | $13.00 | $13.81 | -5.87% | -4.48% |
| May 03, 2024 | Daniel Perlin | RBC Capital | $14.00 | $12.73 | 9.98% | 2.87% |
| Jul 14, 2022 | Mark DeVries | Barclays | $8.00 | $8.52 | -6.10% | -41.22% |
| Jul 06, 2022 | Donald Fandetti | Wells Fargo | $10.00 | $8.46 | 18.27% | -26.52% |
| Feb 22, 2022 | Mihir Bhati | Bank of America Securities | $11.00 | $11.53 | -4.60% | -19.18% |
| Jan 05, 2022 | Kevin Barker | Piper Sandler | $18.00 | $13.17 | 36.67% | 32.26% |
| Jan 03, 2022 | Henry Coffey | Wedbush | $14.00 | $13.68 | 2.34% | 2.87% |
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 32.26% increase from RKT last price ($13.61).
Rocket Companies Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 3 | 5 |
| Avg Price Target | $18.00 | $18.00 | $16.20 |
| Last Closing Price | $13.61 | $13.61 | $13.61 |
| Upside/Downside | 32.26% | 32.26% | 19.03% |
In the current month, the average price target of Rocket Companies stock is $18.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 32.26% increase as opposed to Rocket Companies's last price of $13.61. This month's average price target is down 0.00% compared to last quarter, and up 11.11% 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 |
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 | $1.86B | $2.12B | $2.06B | $1.75B | $1.70B | $1.92B | $1.78B | $1.62B | $1.22B | $1.26B | $1.22B | $1.03B | $806.53M | $970.57M | $1.07B | $831.36M | $733.82M | $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 | $1.24B | $1.15B | $1.23B | $1.22B | $1.02B | $550.96M | $970.57M | $943.10M | $735.95M | $649.60M | $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 | $93.51M | $106.42M | $103.35M | $88.04M | $85.19M | $96.58M | $89.21M | $74.01M | $63.12M | $67.26M | $65.71M | $265.06M | $39.93M | $52.32M | $53.48M | $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 | $100.42M | $114.28M | $110.99M | $94.55M | $91.49M | $103.72M | $95.81M | $87.17M | $65.77M | $68.16M | $65.71M | $318.08M | $43.48M | $52.32M | $57.44M | $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 | $88.89M | $101.17M | $98.25M | $83.70M | $80.99M | $91.81M | $84.81M | $66.88M | $62.06M | $66.35M | $65.71M | $212.05M | $29.70M | $52.32M | $50.84M | $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 $39.93M, with a high of $43.48M and a low of $29.70M. This is 9.32% 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 | $363.36M | $451.06M | $419.65M | $309.51M | $319.61M | $397.37M | $326.60M | $175.57M | $65.13M | $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 | $398.28M | $494.41M | $459.98M | $339.26M | $350.32M | $435.56M | $357.99M | $229.60M | $94.08M | $162.38M | $98.04M | $94.41M | $-64.02M | $-45.51M | $-76.93M | $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 | $340.06M | $422.13M | $392.73M | $289.66M | $299.11M | $371.89M | $305.64M | $135.05M | $14.47M | $158.60M | $97.81M | $62.94M | $-149.37M | $-53.31M | $-90.10M | $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 | $1.21B | $1.12B | $930.62M | $793.70M | $845.68M | $826.20M | $695.78M | $502.04M | $657.93M | $672.49M | $524.77M | $463.20M | $738.79M | $1.06B | $1.76B | $1.79B | $1.99B | $1.92B | $1.45B | $2.72B | $1.20B | $3.59B |
| High Forecast | $1.26B | $1.44B | $1.40B | $1.19B | $1.15B | $1.30B | $1.20B | $1.10B | $827.05M | $857.10M | $826.20M | $697.64M | $546.73M | $657.93M | $722.20M | $563.57M | $497.44M | $738.79M | $1.06B | $2.12B | $1.79B | $1.99B | $1.92B | $1.75B | $2.72B | $1.44B | $3.59B |
| Low Forecast | $1.12B | $1.27B | $1.24B | $1.05B | $1.02B | $1.15B | $1.07B | $841.00M | $780.36M | $834.26M | $826.20M | $693.92M | $373.49M | $657.93M | $639.31M | $498.88M | $440.35M | $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% | 1.87% | 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 $502.04M, based on 8 Wall Street analysts, with a range of $373.49M to $546.73M. The forecast indicates a -48.90% 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 | $0.20 | $0.25 | $0.23 | $0.17 | $0.17 | $0.22 | $0.18 | $0.11 | $0.05 | $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 | $0.19 | $0.15 | $0.07 | $0.01 | $0.08 | $0.05 | $0.01 | $-0.07 | $-0.03 | $-0.04 | $-0.10 | $-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 | $2.33 | $6.00 | 157.51% | Buy |
| GHI | Greystone Housing Impact Investors LP | $11.87 | $19.00 | 60.07% | Buy |
| UWMC | UWM | $6.02 | $9.20 | 52.82% | Buy |
| GHLD | Guild Company | $13.75 | $17.00 | 23.64% | Buy |
| ECPG | Encore Capital Group | $48.04 | $58.00 | 20.73% | Buy |
| RKT | Rocket Companies | $13.61 | $15.30 | 12.42% | Hold |
| VEL | Velocity Financial | $20.29 | $22.00 | 8.43% | Buy |
| PFSI | PennyMac Financial Services | $103.95 | $110.00 | 5.82% | Buy |
| COOP | Mr. Cooper Group | $98.33 | $100.20 | 1.90% | Buy |