Jefferies raised the firm’s price target on Rocket Companies to $15 from $13 and keeps a Hold rating on the shares. The summer home-buying season should drive sequential EPS improvement and recent economic data supports the path toward rate cuts, the analyst tells investors. Further, home inventory continues to show signs of improving.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RKT:
- Rocket Companies call volume above normal and directionally bullish
- Rocket Companies price target raised to $10 from $9 at Barclays
- Rocket Companies price target raised to $13.50 from $11 at JPMorgan
- Rocket Companies Streamlines Credit Operations, Bolsters Finance Strategy
- Heather Lovier Appointed as COO of Rocket Companies