BofA Securities analyst Mihir Bhatia maintains $Rocket (RKT.US)$ with a sell rating, and adjusts the target price from $14 to $15.
According to TipRanks data, the analyst has a success rate of 66.9% and a total average return of 9.2% 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, influenced by diminishing margins and volumes. Furthermore, their Q4 revenue guidance is anticipated to be 15% less than the current consensus estimates at the midpoint.
The company's Q3 outcomes surpassed forecasts with a notable increase in adjusted revenue and EBITDA, attributed to a 28% year-over-year rise in origination volume amidst a volatile market for originations. The adjustment of the forward EBITDA multiple now aligns with that of comparable cyclically growing peers.
Note:
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