Benchmark Reiterates Buy Rating on Rocket Companies, Inc.
Benchmark analyst Daniel Kurnos reiterated a buy rating on Rocket Companies with a $21 price target, a 33.33% upside from the current price.
Key Points
- Benchmark's Daniel Kurnos reiterated a buy rating on Rocket Companies, Inc. (RKT) with a price target of $21 on June 30, 2026.
- Benchmark's $21 price target implies 33.33% upside from Rocket Companies, Inc.'s ($RKT) current $15.75 share price.
- Rocket Companies shares traded at $15.50 on Tuesday, with a market cap of $42.44 billion and a forward P/E ratio of 14.11.
- Insiders including Alastair Rampell and Suzanne Shank were buying shares, while analysts maintain a consensus buy rating with a mean target price of $19.56.
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Benchmark analyst Daniel Kurnos has reiterated his buy rating on Rocket Companies, Inc. (NYSE:RKT), setting a price target of $21. This announcement came on June 30, 2026, as shares of the mortgage finance company traded at $15.50 on Tuesday.
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Other Institutional Activity in Rocket Companies
BlackRock, Inc. increased its holdings in Rocket Companies by 4,016,145 shares, bringing its total to 66,592,158 shares valued at approximately $948.9 million, a 6.4% increase. Vanguard Capital Management LLC opened a new position with 41,675,711 shares worth about $593.9 million. Similarly, Vanguard Portfolio Management LLC also initiated a stake with 39,552,250 shares valued at $563.6 million. Price T Rowe Associates Inc added 13,333,557 shares, resulting in a 50.9% increase to a total of 39,523,426 shares worth around $563.2 million. Meanwhile, FMR LLC boosted its stake by 10,277,082 shares, a 48% increase, to hold 31,677,674 shares valued at $451.4 million.
Rocket Companies, Inc. Stock Up 14.4%
Rocket Companies, Inc. has a market capitalization of approximately $42.44 billion. The company trades with a forward P/E ratio of 14.11 and has a beta of 2.198, indicating its volatility compared to the broader market. The stock's 52-week range spans from a low of $12.17 to a high of $24.36. It has a 50-day moving average of $14.25 and a 200-day moving average of $17.11. Rocket Companies maintains a current ratio of 2.483 and a quick ratio of 0.266, with a debt-to-equity ratio of 136.362.
$RKT price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Rocket Companies reported revenue of $8.91 billion, reflecting a growth of 1.67%. The company has a net margin of 2.68% and a return on equity of 1.73%. Despite an EPS of -$0.03, the next earnings report is anticipated on July 30, 2026.
Insider Buying and Selling at Rocket Companies, Inc.
Several insiders at Rocket Companies were active in the market recently. On June 10, 2026, insiders such as Alastair Rampell, Suzanne Shank, and Jonathan Mariner each bought 16,312 shares. Tagar Olson also purchased 11,255 shares on the same day. On June 7, 2026, Matthew Rizik both bought and sold 12,261 shares.
Analysts Set New Price Targets
On June 30, 2026, Benchmark initiated coverage with a buy rating and a $21 price target for Rocket Companies. Keefe, Bruyette & Woods maintained its buy rating with a $20 target on June 25, 2026. The consensus among analysts remains a buy, with an average target price of $19.56 across 12 analyst opinions.
About Rocket Companies, Inc.
Rocket Companies, Inc. is a financial technology firm based in Detroit, Michigan. It operates in the mortgage finance sector, offering services like Rocket Mortgage and Rocket Loans across the U.S. and Canada. The company also provides digital real estate brokerage through Redfin and financial wellness services via Rocket Money. Led by CEO Varun Krishna, Rocket Companies employs around 23,500 people.
Bottom Line
Rocket Companies, Inc. continues to attract attention from analysts and institutional investors. Benchmark's reiteration of a buy rating is a positive indicator, although it's important to remember that 13F filings and analyst ratings reflect past actions and may not indicate future performance. Investors should consider this alongside other financial data and market conditions.
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