BTIG Sticks to Their Buy Rating for Rocket Companies (RKT)
BTIG analyst Eric Hagen maintained a Buy rating on Rocket Companies today and set a price target of $25.00.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Hagen covers the Real Estate sector, focusing on stocks such as Annaly Capital, AGNC Investment, and Redwood. According to TipRanks, Hagen has an average return of 6.9% and a 59.25% success rate on recommended stocks.
In addition to BTIG, Rocket Companies also received a Buy from Oppenheimer’s Chad Larkin in a report issued on January 30. However, on January 31, TipRanks – OpenAI reiterated a Hold rating on Rocket Companies (NYSE: RKT).
Based on Rocket Companies’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.79 billion and a GAAP net loss of $123.85 million. In comparison, last year the company earned a revenue of $748.77 million and had a GAAP net loss of $22.01 million
Read More on RKT:
Disclaimer & DisclosureReport an Issue
- Buy Rating on Rocket Companies: Superior Brand, Scale, and Recapture Offset Mortgage Sector Headwinds
- Mortgage finance names Rocket Companies and UWM Holdings down afterhours
- FHFA director says AP story on Fannie, Freddie MBS buy ‘simply false’
- Mixed options sentiment in Rocket Companies with shares down 0.86%
- Mixed options sentiment in Rocket Companies with shares down 5.14%
