Rocket Companies (RKT) Stock Overview
A fintech company, engages in the mortgage, real estate, and personal finance businesses in the United States and Canada. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 3/6 |
| Past Performance | 4/6 |
| Financial Health | 2/6 |
| Dividends | 0/6 |
RKT Community Fair Values
Create NarrativeSee what 84 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Top Community Narratives
US$40
FV
67.7% undervalued intrinsic discount366
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26users have followed this narrative
Rocket Companies, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$12.94 |
| 52 Week High | US$24.36 |
| 52 Week Low | US$12.38 |
| Beta | 2.25 |
| 1 Month Change | -7.64% |
| 3 Month Change | -17.37% |
| 1 Year Change | 3.77% |
| 3 Year Change | 51.17% |
| 5 Year Change | -40.45% |
| Change since IPO | -39.84% |
Recent News & Updates
Narrative Update • May 29
RKT: Steady Assumptions And Filing Delay Will Support Future Upside Potential
Rocket Companies’ analyst price target is now $20.05, with analysts citing steady assumptions around revenue growth, profit margin, and a future P/E of about 33.9x as the basis for keeping the valuation view unchanged. What's in the News Rocket Companies disclosed that it will not be able to file its next Form 10-Q with the SEC by the required deadline on 05/12/2026.Seeking Alpha • May 18
Rocket Companies: A Bad Bet As Housing Conditions Tighten (Downgrade)
Summary Rocket Companies faces mounting headwinds as rising mortgage rates and economic uncertainty dampen housing demand. I downgrade RKT to a "Sell," citing tighter credit conditions, shrinking gain on sale margins, and a messy acquisition integration story. Despite 118% y/y revenue growth, RKT's valuation remains elevated versus peers like Compass and Zillow, which offer more attractive exposure. Secular shifts toward renting and competitive pressures further challenge RKT’s outlook, making alternatives more compelling investments. Read the full article on Seeking AlphaNarrative Update • May 14
RKT: Alliance With Major Broker And Preferred Pricing Will Support Upside
Analysts have reduced their price target on Rocket Companies by about $0.54 to reflect updated assumptions regarding revenue growth, profit margins, the discount rate, and future P/E expectations. What's in the News On 05/12/2026, Rocket Companies stated it would be unable to file its next 10-Q by the SEC deadline, which can add uncertainty around the timing of updated financial information for investors (Key Developments).Recent updates
Narrative Update • May 29
RKT: Steady Assumptions And Filing Delay Will Support Future Upside Potential
Rocket Companies’ analyst price target is now $20.05, with analysts citing steady assumptions around revenue growth, profit margin, and a future P/E of about 33.9x as the basis for keeping the valuation view unchanged. What's in the News Rocket Companies disclosed that it will not be able to file its next Form 10-Q with the SEC by the required deadline on 05/12/2026.Seeking Alpha • May 18
Rocket Companies: A Bad Bet As Housing Conditions Tighten (Downgrade)
Summary Rocket Companies faces mounting headwinds as rising mortgage rates and economic uncertainty dampen housing demand. I downgrade RKT to a "Sell," citing tighter credit conditions, shrinking gain on sale margins, and a messy acquisition integration story. Despite 118% y/y revenue growth, RKT's valuation remains elevated versus peers like Compass and Zillow, which offer more attractive exposure. Secular shifts toward renting and competitive pressures further challenge RKT’s outlook, making alternatives more compelling investments. Read the full article on Seeking AlphaNarrative Update • May 14
RKT: Alliance With Major Broker And Preferred Pricing Will Support Upside
Analysts have reduced their price target on Rocket Companies by about $0.54 to reflect updated assumptions regarding revenue growth, profit margins, the discount rate, and future P/E expectations. What's in the News On 05/12/2026, Rocket Companies stated it would be unable to file its next 10-Q by the SEC deadline, which can add uncertainty around the timing of updated financial information for investors (Key Developments).
Narrative Update • Apr 29
RKT: Broker Alliances And Preferred Pricing Will Shape A Balanced Outlook
Analysts have trimmed their fair value estimate for Rocket Companies to $16.50 from $17.20, citing updated assumptions around slightly higher revenue growth, modestly better profit margins, and a lower future P/E multiple. What's in the News Rocket Companies entered a three-year alliance with Compass, Inc.Narrative Update • Apr 15
RKT: New Alliance And Incentives Will Support Constructive Long Term Outlook
Analysts have reduced their fair value estimate for Rocket Companies from $21.57 to $20.59, citing updated assumptions for discount rates, revenue growth, profit margins and future P/E that temper earlier optimism while still reflecting a constructive long term view on the business. What's in the News Rocket Companies entered a three year alliance with Compass, Inc.
Narrative Update • Apr 01
RKT: Integrated Platform Alliance Will Support Stronger Long Term Earnings Power
Analysts are maintaining their $25.00 price target on Rocket Companies, citing updated assumptions that combine a higher discount rate and lower revenue growth outlook with a stronger profit margin profile and a slightly lower future P/E multiple. What's in the News Rocket Companies and Compass, Inc.Narrative Update • Mar 17
RKT: Broker Alliance And Preferred Pricing Will Support More Constructive Outlook
Analysts have adjusted their price target on Rocket Companies to $17.20 from $16.13 as they factor in updated assumptions around discount rates, revenue growth, profit margins, and a higher future P/E multiple. What's in the News Rocket Companies and Compass, Inc.Narrative Update • Mar 03
RKT: Alliance With Broker Networks Will Shape Fairly Balanced Outlook
Analysts have revised their price target on Rocket Companies from $12.00 to about $16.13, reflecting updated views on fair value, discount rate, revenue growth, profit margin, and assumptions about the future price-to-earnings (P/E) ratio. What's in the News Rocket Companies, Compass, Inc., and Redfin agreed to a three-year alliance that links home search, real estate agents, and Rocket Mortgage financing into one connected experience for buyers and sellers.Narrative Update • Feb 17
RKT: Lower Discount Rate Will Support Stable And Undervalued Outlook
Analysts have maintained their fair value estimate for Rocket Companies at $21.57, with only minor tweaks to inputs, such as a slightly lower discount rate, marginally adjusted revenue growth and profit margin assumptions, and a small change in the future P/E, resulting in no material change to the overall price target view. Valuation Changes Fair Value: Unchanged at $21.57, reflecting a stable overall valuation view.Narrative Update • Feb 03
RKT: Higher Future P/E Will Support Stable And Undervalued Outlook
Analysts have adjusted their price target on Rocket Companies slightly, with the updated fair value estimate now at US$21.57. This reflects modest tweaks to assumptions around the discount rate, revenue growth, profit margins, and future P/E multiples.Narrative Update • Jan 20
RKT: Higher Future P/E And Lower Discount Rate Will Support Stable Outlook
Analysts have adjusted their fair value estimate for Rocket Companies from about US$19.92 to roughly US$21.57 per share. This reflects updated assumptions around discount rates, revenue growth, profit margins and future P/E expectations.Narrative Update • Jan 06
RKT: Higher Future P/E Will Support Stronger Long Term Earnings Power
Analysts have raised their price target on Rocket Companies to US$25.00. The update reflects adjusted views on discount rates, revenue growth, profit margins and a higher future P/E assumption, which together reshape how they are valuing the stock today.Narrative Update • Dec 14
RKT: Faster Revenue Outlook Will Support Stronger Long Term Earnings Power
Analysts have raised their price target on Rocket Companies from approximately 24.13 dollars to 25.00 dollars, citing expectations for significantly faster revenue growth despite projecting somewhat lower long term profit margins and a slightly higher discount rate. Valuation Changes Fair Value Estimate has risen slightly from approximately $24.13 to $25.00 per share.Narrative Update • Nov 30
RKT: Improved Revenue Outlook And Lower Discount Rate Signal Stable Prospects
Analysts have slightly revised their price target for Rocket Companies, adjusting it to $19.92. Modest improvements in revenue growth estimates and a reduced discount rate indicate a marginally more positive outlook for the company.Narrative Update • Nov 16
RKT: Profit Margin Improvement Will Drive Shares Toward Updated Fair Value
Analysts have raised their target price for Rocket Companies from $18.67 to $19.92. They cite improved profit margin estimates, which offset lower projected revenue growth and a higher discount rate.Narrative Update • Nov 02
RKT: Improving Margins Will Drive Potential Upside Despite Lower Revenue Outlook
Rocket Companies Analyst Price Target Sees Modest Increase Analysts have raised their price target for Rocket Companies slightly, from $18.50 to approximately $18.67 per share. This adjustment reflects improved profit margin expectations, even as analysts adopt a more conservative outlook on revenue growth.Narrative Update • Oct 18
Redfin And Mr Cooper Deals Will Test Risks And Upsides
Narrative Update on Rocket Companies Analysts have raised their price target for Rocket Companies from $17.67 to $18.50. This change is due to significantly improved forecasts for revenue growth and profit margins, which have contributed to a more favorable outlook for the company's future performance.Narrative Update • Oct 04
Redfin And Mr Cooper Deals Will Test Risks And Upsides
Analysts have raised their price target for Rocket Companies from $17.42 to $17.67 per share. They cite improved revenue growth projections, even though a lower expected profit margin and a higher future price-to-earnings ratio are anticipated.
Narrative Update • Sep 28
Acquisitions Will Improve Efficiency and Add Immediate Value
COOP Acquisition will stabilize earnings, however post acquisition P/E of 28 (using existing price/earnings reports for RKT and COOP). Short float continues to go down, indicating less chance of a squeeze.Narrative Update • Sep 11
Redfin And Mr Cooper Deals Will Test Risks And Upsides
Rocket Companies saw a slight increase in its Future P/E ratio, while Net Profit Margin remained stable, resulting in a marginally higher consensus price target of $17.42. Valuation Changes Summary of Valuation Changes for Rocket Companies The Consensus Analyst Price Target remained effectively unchanged, moving only marginally from $17.17 to $17.42.Narrative Update • Aug 31
Acquisitions Will Improve Efficiency and Add Immediate Value
nader made no meaningful changes to valuation assumptions.Narrative Update • Aug 26
Redfin And Mr Cooper Deals Will Test Risks And Upsides
The consensus price target for Rocket Companies has increased, driven by a substantial rise in its projected future P/E ratio despite a notable decline in net profit margin, resulting in the analyst fair value moving from $16.20 to $17.17. Valuation Changes Summary of Valuation Changes for Rocket Companies The Consensus Analyst Price Target has risen from $16.20 to $17.17.Narrative Update • Aug 08
Redfin And Mr Cooper Deals Will Test Risks And Upsides
Rocket Companies' net profit margin has surged while its future P/E ratio has sharply declined, signaling improved profitability and a more attractive valuation, prompting analysts to increase the consensus price target from $14.55 to $15.90. Valuation Changes Summary of Valuation Changes for Rocket Companies The Consensus Analyst Price Target has risen from $14.55 to $15.90.Seeking Alpha • Mar 22
Rocket's Strategic Play To Acquire Redfin
Summary The merger of Rocket and Redfin offers significant synergies, with Rocket expecting $200 million in run-rate synergies by 2027, primarily from cost savings. Redfin's competitive advantage lies in its technology, driving higher agent productivity and retention, and delivering substantial online traffic, which Rocket can leverage for customer acquisition. The deal presents a strategic opportunity for Rocket to lower acquisition costs and expand its product offerings through Redfin's extensive online reach. Despite potential risks, including market volatility and competition, the merger is poised to be accretive by late 2026, making now a good time to buy Redfin stock. Read the full article on Seeking AlphaSeeking Alpha • Mar 08
Rocket Companies: Massive Pent-Up Demand In The Forming
Summary Rocket Companies is expecting a stronger operating environment in 2025 with the potential relief in mortgage rates creating a tailwind. Rocket Companies is ready to capitalize on the tailwind as shown by the company's excellent growth momentum and execution ability. Considering the growth, Rocket Companies' valuation is attractive. Read the full article on Seeking AlphaSeeking Alpha • Dec 19
Rocket Companies: Strong Bearish Trend And Weak Market Sentiments
Summary I rate Rocket Companies, Inc. a sell due to weak profitability, and a 13% stock slump over the past year. RKT's financial performance is poor, with declining revenue, negative earnings, and inability to cover operating expenses, indicating potential financial distress. High mortgage rates and bearish market sentiments further weaken RKT's outlook, with technical indicators confirming a strong downtrend. Despite RKT's strong market presence and client retention, the negative market outlook and high borrowing costs justify a sell rating. Read the full article on Seeking AlphaSeeking Alpha • Sep 17
Rocket Companies: Sky-High Hopes, Grounded Reality
Summary Rocket Companies, Inc.'s AI innovations, and strong market position are promising, but a high P/E ratio, heavy debt, and housing market risks suggest a “Hold” rating. Despite a 98.31% annual return, Rocket's earnings growth rate is -23.03%, indicating the stock might be overpriced and risky. Rocket's strong Q2 performance, with $1.228 billion in adjusted revenue and an 18% EBITDA margin, highlights its resilience and potential. The housing market's affordability issues and Rocket's heavy reliance on debt pose significant risks, making it prudent to wait for a better price. Read the full article on Seeking Alpha
New Narrative • Aug 20
High Mortgage Rates Challenge Growth, AI And Tech Investments Promise Future Rewards
Rising mortgage rates and high home prices may significantly hinder Rocket Companies' revenue growth by limiting home purchases.Seeking Alpha • Jun 13
Rocket Companies: Time To Cool The Jets (Rating Downgrade)
Summary Rocket Companies, Inc. stock has doubled since its October low, as the company continues to take market share in a fragmented industry. The company posted better-than-expected Q1 results in early May and has seen some small insider buying in its stock. Despite solid results, analyst firms have reissued Hold/Sell ratings with price targets below the current trading level of the shares. Can the rally continue, or is some profit-taking likely in the stock? An analysis follows in the paragraphs below. Read the full article on Seeking AlphaSeeking Alpha • Mar 28
Rocket Companies Is Materially Overpriced Considering The Interest Rate Outlook
Summary Rocket is a mortgage banker, not a fintech, as its earnings are closely tied to its loan origination volume. I expect U.S. mortgage originations to improve but modestly because mortgage refinancing should remain historically low. The fact that the Federal Reserve is not supporting either the MBS nor the Treasury markets should keep mortgage rates above 6% for the foreseeable future. Read the full article on Seeking AlphaSeeking Alpha • Mar 20
Rocket Companies: Market Share Gains Support A Positive Outlook
Summary RKT's latest quarterly report showed improving profitability and market share gains despite ongoing weakness in the housing market. The company is well-positioned to benefit from an eventual recovery in the demand for mortgage originations and refinancing. We are cautiously bullish on RKT as a segment leader with overall positive fundamentals. Read the full article on Seeking AlphaSeeking Alpha • Oct 17
Rocket Mortgage: Housing Market Recovery Creates Potential Opportunity
Summary Rocket Companies will benefit from the eventual recovery of housing market underpinned by the favorable demographic trend. Rocket Companies has sound business operation and its valuation is very attractive. The possible deep recession is the main macroeconomic risk facing Rocket Companies and the new leadership is untested. Read the full article on Seeking AlphaSeeking Alpha • Sep 18
Rocket Companies: Stabilization, Albeit At Very Low Levels
Summary Rocket Companies, Inc. has experienced a significant decline in sales and a small loss due to rising interest rates in 2022. The company went public in 2020 in a perfectly timed IPO amidst a booming US housing and mortgage market. Rocket Companies is focused on long-term market share gains and cost savings to improve its financial performance. Read the full article on Seeking AlphaShareholder Returns
| RKT | US Diversified Financial | US Market | |
|---|---|---|---|
| 7D | -9.3% | -2.0% | 1.2% |
| 1Y | 3.8% | -12.2% | 27.0% |
Return vs Industry: RKT exceeded the US Diversified Financial industry which returned -12.2% over the past year.
Return vs Market: RKT underperformed the US Market which returned 27% over the past year.
Price Volatility
| RKT volatility | |
|---|---|
| RKT Average Weekly Movement | 8.5% |
| Diversified Financial Industry Average Movement | 5.9% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.9% |
| 10% least volatile stocks in US Market | 3.0% |
Stable Share Price: RKT has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: RKT's weekly volatility (8%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1985 | 23,500 | Varun Krishna | www.rocketcompanies.com |
Rocket Companies, Inc., a fintech company, engages in the mortgage, real estate, and personal finance businesses in the United States and Canada. It operates in two segments, Direct to Consumer and Partner Network. The company offers Rocket Mortgage, a mortgage lender service; Redfin, a digital real estate brokerage and home search platform; Rocket Close, a digital experience for appraisal management, settlement, and title services; Rocket Money, a finance app that offers a suite of financial wellness services including subscription cancellation, budget management and credit score improvement; and Rocket Loans, a platform for personal loan.
Rocket Companies, Inc. Fundamentals Summary
| RKT fundamental statistics | |
|---|---|
| Market cap | US$39.70b |
| Earnings (TTM) | US$239.00m |
| Revenue (TTM) | US$8.91b |
153.2x
P/E Ratio4.1x
P/S RatioIs RKT overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| RKT income statement (TTM) | |
|---|---|
| Revenue | US$8.91b |
| Cost of Revenue | US$0 |
| Gross Profit | US$8.91b |
| Other Expenses | US$8.67b |
| Earnings | US$239.00m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.084 |
| Gross Margin | 100.00% |
| Net Profit Margin | 2.68% |
| Debt/Equity Ratio | 136.4% |
How did RKT perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/03 00:27 |
| End of Day Share Price | 2026/06/03 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Rocket Companies, Inc. is covered by 24 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Mark DeVries | Barclays |
| Terry Ma | Barclays |
| Mihir Bhatia | BofA Global Research |