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Rocket Companies (RKT) Gets a Buy from Bank of America Securities

Tipranks - Tipranks - Tue Mar 10, 6:10AM CDT

Bank of America Securities analyst Mihir Bhatia maintained a Buy rating on Rocket Companies yesterday and set a price target of $23.00.

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Bhatia covers the Financial sector, focusing on stocks such as American Express, Synchrony Financial, and Capital One Financial. According to TipRanks, Bhatia has an average return of 6.1% and a 56.25% success rate on recommended stocks.

In addition to Bank of America Securities, Rocket Companies also received a Buy from BTIG’s Eric Hagen in a report issued on February 27. However, on March 3, TipRanks – xAI reiterated a Hold rating on Rocket Companies (NYSE: RKT).

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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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