JPMorgan Chase & Co. Issues Pessimistic Forecast for Rocket Companies (NYSE:RKT) Stock Price

Posted by Brenda Bartman on Oct 14th, 2026

Rocket Companies (NYSE:RKT – Get Free Report) had its price objective decreased by equities research analysts at JPMorgan Chase & Co. from $14.00 to $12.50 in a research note issued on Monday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 15.05% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. BTIG Research restated a “neutral” rating on shares of Rocket Companies in a report on Tuesday, June 16th. Benchmark reduced their price target on shares of Rocket Companies from $21.00 to $19.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. Barclays lowered their price objective on shares of Rocket Companies from $17.00 to $15.00 and set an “overweight” rating for the company in a research report on Monday, October 5th. Stephens dropped their target price on shares of Rocket Companies from $22.50 to $20.00 and set an “overweight” rating on the stock in a research note on Friday, August 7th. Finally, Weiss Ratings raised shares of Rocket Companies from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. Eight investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.12.

View Our Latest Report on Rocket Companies

Rocket Companies Stock Down 0.0%

Shares of NYSE RKT opened at $10.87 on Monday. The company has a debt-to-equity ratio of 1.16, a current ratio of 4.85 and a quick ratio of 4.85. The company has a market cap of $30.77 billion, a P/E ratio of 77.61, a PEG ratio of 3.18 and a beta of 2.23. Rocket Companies has a 1 year low of $10.78 and a 1 year high of $24.36. The firm has a 50-day simple moving average of $13.09 and a two-hundred day simple moving average of $13.90.

Rocket Companies (NYSE:RKT – Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.16. Rocket Companies had a return on equity of 5.13% and a net margin of 4.70%. The business had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.81 billion. During the same quarter last year, the firm posted $0.04 earnings per share. The business’s revenue was up 91.9% compared to the same quarter last year. Research analysts anticipate that Rocket Companies will post 0.49 earnings per share for the current year.

Insider Buying and Selling at Rocket Companies

In other news, CEO Jesse Bray sold 92,300 shares of the stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $12.39, for a total transaction of $1,143,597.00. Following the transaction, the chief executive officer owned 7,728,027 shares of the company’s stock, valued at approximately $95,750,254.53. This represents a 1.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 450,000 shares of company stock valued at $5,687,074. 57.68% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Rocket Companies

Several institutional investors have recently made changes to their positions in RKT. Amundi grew its position in shares of Rocket Companies by 152.1% in the 1st quarter. Amundi now owns 13,725,878 shares of the company’s stock worth $195,594,000 after buying an additional 8,280,463 shares during the last quarter. Fred Alger Management LLC lifted its position in Rocket Companies by 67.6% during the fourth quarter. Fred Alger Management LLC now owns 10,190,918 shares of the company’s stock valued at $197,296,000 after acquiring an additional 4,112,118 shares during the last quarter. Wellington Management Group LLP lifted its position in Rocket Companies by 64.5% during the second quarter. Wellington Management Group LLP now owns 9,029,295 shares of the company’s stock valued at $142,211,000 after acquiring an additional 3,541,916 shares during the last quarter. Wolf Hill Capital Management LP lifted its position in Rocket Companies by 186.8% during the fourth quarter. Wolf Hill Capital Management LP now owns 7,221,758 shares of the company’s stock valued at $139,813,000 after acquiring an additional 4,703,760 shares during the last quarter. Finally, Atreides Management LP boosted its stake in Rocket Companies by 69.7% in the first quarter. Atreides Management LP now owns 6,114,947 shares of the company’s stock valued at $87,138,000 after acquiring an additional 2,512,384 shares in the last quarter. Hedge funds and other institutional investors own 4.59% of the company’s stock.

Rocket Companies Company Profile

(Get Free Report)

Rocket Companies, Inc is a Detroit-based fintech platform that provides digital financial and real estate services primarily to consumers in the United States. Its operations are centered on helping customers obtain, manage and refinance home loans, while also offering related services across the homeownership and personal finance lifecycle.

The company’s principal businesses include Rocket Mortgage, a digital mortgage lender and originator; Rocket Homes, a real estate marketplace and agent-referral platform; Rocket Money, a personal finance application that helps users manage subscriptions, budgets and bills; and Rocket Loans, which provides personal loans.