Piper Sandler analyst Brad Capuzzi maintains $Rocket (RKT.US)$ with a hold rating, and adjusts the target price from $12 to $17.
According to TipRanks data, the analyst has a success rate of 77.8% and a total average return of 46.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Rocket (RKT.US)$'s main analysts recently are as follows:
Rocket Companies' Q3 adjusted earnings fell short of expectations, impacted by diminished margins and volumes. Additionally, the forecast for Q4 revenue is projected to be 15% below the current street estimates at the midpoint.
The company's Q3 performance surpassed projections with regards to adjusted revenue and EBITDA. This was attributed to a significant 28% year-over-year rise in origination volume, despite the unstable conditions for originations. The adjusted forward EBITDA multiple has been recalibrated to align with that of comparable cyclical growth peers.
Note:
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