Rocket Companies Inc's fundamentals are relatively healthy, and its growth potential is high.Its valuation is considered fairly valued, ranking 19/72 in the Financial Technology (Fintech) & Infrastructure industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Buy, with the highest price target at 20.36.In the medium term, the stock price is expected to trend down.The company has been performing well in the stock market over the past month, which is supported by its strong fundamentals and technicals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Rocket Companies Inc's Score
Industry at a Glance
Industry Ranking
19 / 72
Overall Ranking
166 / 4592
Industry
Financial Technology (Fintech) & Infrastructure
Support & Resistance
Relevant data have not been disclosed by the company yet.
Score Analysis
Current score
Previous score
Analyst Rating
Based on
12
analysts
Buy
Current Rating
20.364
Target Price
+8.26%
Upside Space
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
Rocket Companies Inc Highlights
StrengthsRisks
Rocket Companies, Inc. is a fintech platform including mortgage, real estate and personal finance businesses: Rocket Mortgage, Redfin, Mr. Cooper, Rocket Homes, Rocket Close, Rocket Money, and Rocket Loans. The Company's full suite of products empowers its clients across financial wellness, personal loans, home search, mortgage finance, title and closing. Through these businesses, it delivers client solutions leveraging its Rocket platform. It operates in two segments: Direct to Consumer and Partner Network. In the Direct to Consumer segment, clients have the ability to interact with Rocket Mortgage digitally and/or with the Company's mortgage bankers. It provides client service and leverages its brand to strengthen its wholesale relationships, through Rocket Pro, as well as enterprise partnerships, both driving growth in its Partner Network segment. The Company's capabilities span the entirety of homeownership, such as home search, financing, title, closing and servicing.
Turnaround to Profit
The company's performance has turned profitable, with the latest annual net income of USD .
Undervalued
The company’s latest PB is 0.55, at a low 3-year percentile range.
Institutional Buying
The latest institutional holdings are 265.50M shares, increasing 25.18% quarter-over-quarter.
Rocket Companies, Inc. is a fintech platform including mortgage, real estate and personal finance businesses: Rocket Mortgage, Redfin, Mr. Cooper, Rocket Homes, Rocket Close, Rocket Money, and Rocket Loans. The Company's full suite of products empowers its clients across financial wellness, personal loans, home search, mortgage finance, title and closing. Through these businesses, it delivers client solutions leveraging its Rocket platform. It operates in two segments: Direct to Consumer and Partner Network. In the Direct to Consumer segment, clients have the ability to interact with Rocket Mortgage digitally and/or with the Company's mortgage bankers. It provides client service and leverages its brand to strengthen its wholesale relationships, through Rocket Pro, as well as enterprise partnerships, both driving growth in its Partner Network segment. The Company's capabilities span the entirety of homeownership, such as home search, financing, title, closing and servicing.
Ticker SymbolRKT
CompanyRocket Companies Inc
CEOKrishna (Varun)
Websitehttps://www.rocketcompanies.com/
FAQs
What is the current price of Rocket Companies Inc (RKT)?
The current price of Rocket Companies Inc (RKT) is 17.960.
What is the symbol of Rocket Companies Inc?
The ticker symbol of Rocket Companies Inc is RKT.
What is the 52-week high of Rocket Companies Inc?
The 52-week high of Rocket Companies Inc is 22.555.
What is the 52-week low of Rocket Companies Inc?
The 52-week low of Rocket Companies Inc is 9.520.
What is the market capitalization of Rocket Companies Inc?
The market capitalization of Rocket Companies Inc is 4.69B.
What is the net income of Rocket Companies Inc?
The net income of Rocket Companies Inc is 29.37M.
Is Rocket Companies Inc (RKT) currently rated as Buy, Hold, or Sell?
According to analysts, Rocket Companies Inc (RKT) has an overall rating of Buy, with a price target of 20.364.
What is the Earnings Per Share (EPS TTM) of Rocket Companies Inc (RKT)?
The Earnings Per Share (EPS TTM) of Rocket Companies Inc (RKT) is 0.074.