UBS analyst Douglas Harter maintains $Rocket (RKT.US)$ with a sell rating, and adjusts the target price from $14 to $12.5.
According to TipRanks data, the analyst has a success rate of 66.2% and a total average return of 17.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Rocket (RKT.US)$'s main analysts recently are as follows:
The firm's assessment of Rocket Companies acknowledges a satisfactory Q3 performance paired with guidance for Q4 that did not meet expectations. With changing rate forecasts after the election and the potential for a sustained higher-rate environment, a recovery in volume might require a longer duration. There is a concern that projections for 2025 may become strained.
The company's Q3 adjusted earnings fell short of expectations, impacted by diminished margins and volumes. Additionally, the revenue guidance for Q4 is anticipated to be 15% below the current Street estimates at the midpoint.
Rocket Companies surpassed forecasts with their Q3 results, showing a notable increase of 28% year-over-year in origination volume despite the volatile market for originations. Adjusted revenue and EBITDA figures both exceeded expectations.
Note:
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