Rocket Companies Inc Aktie News

Technical analysis has numerous applications and uses, but here's the most important one. Assessing where a stock trades in relation to its 52-week high can serve as a key indicator of the market's outlook for that company or industry group, and the 20% discount level is one of the most important benchmarks in this analysis.

I am initiating a Buy rating on Rocket Companies, Inc. with a $22 price target from tailwinds that include its Redfin acquisition, easing monetary policy and an excessive short float. Rocket's acquisition of Redfin enhances its integrated homeownership platform, creating significant synergy and positioning it as a formidable competitor to Zillow. AI-driven operational efficiencies and digital c...

Rocket Companies is poised for strong growth through 2025-2026, driven by Fed rate cuts and the Mr. Cooper acquisition. RKT's digital refinance capabilities and rapid loan closing times set it apart, enabling market share gains in a fragmented mortgage industry. The Mr. Cooper acquisition creates a synergy-rich merger, combining leading origination and servicing platforms to boost profit per cu...

SEATTLE--(BUSINESS WIRE)--Just over 53,000 home-purchase agreements nationwide were canceled in September, equal to 15% of homes that went under contract that month, according to a new report from Redfin, the real estate brokerage powered by Rocket. That's up from 13.6% a year earlier. Homebuyers are ghosting sellers at a higher rate in some parts of the country, mostly in Florida and Texas. In...

SEATTLE--(BUSINESS WIRE)--U.S. home prices rose 0.2% from a month earlier in September on a seasonally adjusted basis, according to a new report from Redfin, the real estate brokerage powered by Rocket. Matching August's 0.2% gain, it was the second consecutive month of positive monthly growth after prices were flat in July. On a year-over-year basis, prices were up 3%, marking the slowest annu...

Rocket Companies, Inc. is rated a hold, balancing strong liquidity with significant cyclical and execution risks amid its transformation strategy. RKT's shift from mortgage originator to integrated homeownership platform is supported by a $6B cash position and a stable servicing portfolio. Recent acquisitions, including Redfin and Mr. Cooper, offer growth potential but introduce integration cha...

SEATTLE--(BUSINESS WIRE)-- #housingmarket--Just 25.3% of U.S. homes that sold in September went for more than their final list price, down from 28.5% a year earlier and the lowest September level in six years. That's according to a new report from Redfin, the real estate brokerage powered by Rocket. Two other metrics that measure competition in the housing market also dropped to their lowest Se...

SEATTLE--(BUSINESS WIRE)--Just under three in 10 (28.8%) U.S. homebuyers paid in all cash in August, down just incrementally from 29% a year earlier, according to a new report from Redfin, the real estate brokerage powered by Rocket. The prevalence of all-cash payments peaked at nearly 35% in late 2023 and early 2024 because mortgage rates peaked in the high-7% range during that time. Buyers we...