Rocket Companies (RKT) Receives a Hold from RBC Capital
RBC Capital analyst Daniel Perlin maintained a Hold rating on Rocket Companies yesterday and set a price target of $20.00. The company’s shares closed yesterday at $15.50.
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According to TipRanks, Perlin is an analyst with an average return of -10.7% and a 35.54% success rate. Perlin covers the Technology sector, focusing on stocks such as PicS N.V. Class A, Block, and Broadridge Financial Solutions.
Rocket Companies has an analyst consensus of Moderate Buy, with a price target consensus of $23.00, a 48.39% upside from current levels. In a report released on April 9, Wells Fargo also assigned a Hold rating to the stock with a $17.00 price target.
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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Disclaimer & DisclosureReport an Issue
- Option traders moderately bearish in Rocket Companies with shares down 2.93%
- Rocket Companies price target lowered to $17 from $19 at Wells Fargo
- Rocket Companies price target lowered to $16.50 from $24 at JPMorgan
- Buy Rating Reaffirmed on Rocket: Macro Rebound, Marketing Investments, and AI-Driven Operating Leverage Support $19 Price Target
- Moderately bullish activity in Rocket Companies with shares up 1.1%
