Barclays upgrades Rocket Companies (RKT) to a Buy
In a report released today, Terry Ma from Barclays upgraded Rocket Companies to a Buy, with a price target of $19.00.
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Ma covers the Financial sector, focusing on stocks such as American Express, SLM, and OneMain Holdings. According to TipRanks, Ma has an average return of 2.7% and a 49.55% success rate on recommended stocks.
In addition to Barclays, Rocket Companies also received a Buy from Bank of America Securities’s Mihir Bhatia in a report issued on March 30. However, on April 2, TipRanks – Google reiterated a Hold rating on Rocket Companies (NYSE: RKT).
Based on Rocket Companies’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.5 billion and a net profit of $68 million. In comparison, last year the company earned a revenue of $1.84 billion and had a net profit of $33.87 million
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