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 -2.86% downside from RKT’s last price of $15.75) 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 -2.86% downside from RKT's last price of $15.75.
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% | 14.29% |
| Sep 12, 2024 | Kevin Baker | Piper Sandler | $16.00 | $18.43 | -13.21% | 1.59% |
| Sep 11, 2024 | Daniel Perlin | RBC Capital | $20.00 | $18.48 | 8.20% | 26.98% |
| May 07, 2024 | Kevin Barker | Piper Sandler | $13.00 | $13.81 | -5.87% | -17.46% |
| May 03, 2024 | Daniel Perlin | RBC Capital | $14.00 | $12.73 | 9.98% | -11.11% |
| Jul 14, 2022 | Mark DeVries | Barclays | $8.00 | $8.52 | -6.10% | -49.21% |
| Jul 06, 2022 | Donald Fandetti | Wells Fargo | $10.00 | $8.46 | 18.27% | -36.51% |
| Feb 22, 2022 | Mihir Bhati | Bank of America Securities | $11.00 | $11.53 | -4.60% | -30.16% |
| Jan 05, 2022 | Kevin Barker | Piper Sandler | $18.00 | $13.17 | 36.67% | 14.29% |
| Jan 03, 2022 | Henry Coffey | Wedbush | $14.00 | $13.68 | 2.34% | -11.11% |
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 14.29% increase from RKT last price ($15.75).
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 | $15.75 | $15.75 | $15.75 |
| Upside/Downside | 14.29% | 14.29% | 2.86% |
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 14.29% increase as opposed to Rocket Companies's last price of $15.75. 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 |
|---|---|---|---|---|
| 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 |
Rocket Companies's last stock rating was published by Barclays on Oct 08, 2024. The company gave RKT a "Underweight" 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 | $2.19B | $2.35B | $2.29B | $2.06B | $1.64B | $1.79B | $1.71B | $1.46B | $1.33B | $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 | $2.19B | $2.35B | $2.29B | $2.06B | $1.64B | $1.79B | $1.71B | $1.46B | $1.33B | $1.34B | $1.22B | $1.03B | $806.53M | $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 |
| Low Forecast | $2.19B | $2.35B | $2.29B | $2.06B | $1.64B | $1.79B | $1.71B | $1.46B | $1.33B | $1.17B | $1.22B | $1.02B | $550.96M | $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 |
| # Analysts | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 2 | 3 | 7 | 3 | 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 | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 2 | 3 | 7 | 3 | 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 | $142.04M | $152.27M | $148.20M | $133.81M | $106.20M | $116.22M | $111.07M | $94.37M | $86.27M | $81.30M | $79.02M | $265.06M | $48.02M | $62.93M | $64.32M | $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 | $142.04M | $152.27M | $148.20M | $133.81M | $106.20M | $116.22M | $111.07M | $94.37M | $86.27M | $86.63M | $79.02M | $318.08M | $52.29M | $62.93M | $64.32M | $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 | $142.04M | $152.27M | $148.20M | $133.81M | $106.20M | $116.22M | $111.07M | $94.37M | $86.27M | $75.97M | $79.02M | $212.05M | $35.72M | $62.93M | $64.32M | $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 % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.58% | 0.50% | -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 $48.02M, with a high of $52.29M and a low of $35.72M. This is 31.48% 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 | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 2 | 3 | 7 | 3 | 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 | $39.00M | $42.32M | $39.64M | $31.08M | $25.14M | $27.61M | $24.71M | $15.43M | $14.70M | $11.19M | $6.83M | $78.67M | $-7.44M | $-3.39M | $-5.73M | $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 | $39.00M | $42.32M | $39.64M | $31.08M | $25.14M | $27.61M | $24.71M | $15.43M | $14.70M | $12.59M | $6.83M | $94.41M | $-4.46M | $-3.39M | $-5.73M | $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 | $39.00M | $42.32M | $39.64M | $31.08M | $25.14M | $27.61M | $24.71M | $15.43M | $14.70M | $9.79M | $6.82M | $62.94M | $-10.41M | $-3.39M | $-5.73M | $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 % | - | - | - | - | - | - | - | - | - | - | - | - | - | -1.83% | -1.30% | -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 $-7.44M, with a range of $-10.41M to $-4.46M. RKT's average Quarter net income forecast represents a -219.85% 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 | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 2 | 3 | 7 | 3 | 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 | $1.49B | $1.60B | $1.55B | $1.40B | $1.11B | $1.22B | $1.16B | $989.32M | $904.35M | $852.28M | $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 | $1.49B | $1.60B | $1.55B | $1.40B | $1.11B | $1.22B | $1.16B | $989.32M | $904.35M | $908.16M | $828.40M | $699.50M | $548.19M | $659.69M | $674.28M | $526.17M | $464.44M | $738.79M | $1.06B | $2.12B | $1.79B | $1.99B | $1.92B | $1.75B | $2.72B | $1.44B | $3.59B |
| Low Forecast | $1.49B | $1.60B | $1.55B | $1.40B | $1.11B | $1.22B | $1.16B | $989.32M | $904.35M | $796.39M | $828.40M | $695.77M | $374.48M | $659.69M | $674.28M | $526.17M | $464.44M | $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 | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 2 | 3 | 7 | 3 | 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 | $0.28 | $0.30 | $0.28 | $0.22 | $0.18 | $0.20 | $0.18 | $0.11 | $0.11 | $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 | $0.28 | $0.30 | $0.28 | $0.22 | $0.18 | $0.20 | $0.18 | $0.11 | $0.11 | $0.09 | $0.05 | $0.01 | $-0.03 | $-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 |
| Low Forecast | $0.28 | $0.30 | $0.28 | $0.22 | $0.18 | $0.20 | $0.18 | $0.11 | $0.11 | $0.07 | $0.05 | $0.01 | $-0.07 | $-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 |
| 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 | $2.81 | $6.00 | 113.52% | Buy |
| GHI | Greystone Housing Impact Investors LP | $11.28 | $19.00 | 68.44% | Buy |
| UWMC | UWM | $6.19 | $9.20 | 48.63% | Buy |
| GHLD | Guild Company | $14.58 | $17.00 | 16.60% | Buy |
| ECPG | Encore Capital Group | $50.01 | $58.00 | 15.98% | Buy |
| VEL | Velocity Financial | $20.07 | $22.00 | 9.62% | Buy |
| PFSI | PennyMac Financial Services | $106.10 | $110.00 | 3.68% | Buy |
| COOP | Mr. Cooper Group | $101.43 | $100.20 | -1.21% | Buy |
| RKT | Rocket Companies | $15.75 | $15.30 | -2.86% | Hold |
RKT Forecast FAQ
Is Rocket Companies a good buy?
No, according to 13 Wall Street analysts, Rocket Companies (RKT) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 1 'Buy' recommendations, accounting for 7.69% of RKT's total ratings.
What is RKT's price target?
Rocket Companies (RKT) average price target is $15.3 with a range of $8 to $23, implying a -2.86% from its last price of $15.75. The data is based on 13 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Rocket Companies stock go up soon?
According to Wall Street analysts' prediction for RKT stock, the company can go down by -2.86% (from the last price of $15.75 to the average price target of $15.3), up by 46.03% based on the highest stock price target, and down by -49.21% based on the lowest stock price target.
Can Rocket Companies stock reach $20?
RKT's highest twelve months analyst stock price target of $23 supports the claim that Rocket Companies can reach $20 in the near future.
What is Rocket Companies's current price target trend?
1 Wall Street analyst forecast a $18 price target for Rocket Companies (RKT) this month, up 14.29% from its last price of $15.75. Compared to the last 3 and 12 months, the average price target increased by 14.29% and increased by 2.86%, respectively.
What are Rocket Companies's analysts' financial forecasts?
Rocket Companies's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $6.6B (high $6.6B, low $6.6B), average EBITDA is $427.87M (high $427.87M, low $427.87M), average net income is $92.89M (high $92.89M, low $92.89M), average SG&A $4.49B (high $4.49B, low $4.49B), and average EPS is $0.665 (high $0.665, low $0.665). RKT's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $8.89B (high $8.89B, low $8.89B), average EBITDA is $576.33M (high $576.33M, low $576.33M), average net income is $152.03M (high $152.03M, low $152.03M), average SG&A $6.04B (high $6.04B, low $6.04B), and average EPS is $1.09 (high $1.09, low $1.09).
Did the RKT's actual financial results beat the analysts' financial forecasts?
Based on Rocket Companies's last annual report (Dec 2023), the company's revenue was $3.8B, beating the average analysts forecast of $3.48B by 9.26%. Apple's EBITDA was $-499M, missing the average prediction of $416.23M by -219.94%. The company's net income was $-416M, missing the average estimation of $54.96M by -856.34%. Apple's SG&A was $1.54B, missing the average forecast of $2.36B by -34.86%. Lastly, the company's EPS was $-0.0002, missing the average prediction of $-0.207 by -99.90%. In terms of the last quarterly report (Sep 2023), Rocket Companies's revenue was $1.16B, beating the average analysts' forecast of $970.57M by 20.01%. The company's EBITDA was $36.52M, missing the average prediction of $62.93M by -41.96%. Rocket Companies's net income was $6.21M, missing the average estimation of $-3.39M by -283.06%. The company's SG&A was $982.39M, beating the average forecast of $659.69M by 48.92%. Lastly, the company's EPS was $0.05, missing the average prediction of $-0.0243 by -305.96%