Deutsche Bank attributes the selloff in shares of Rocket Companies (RKT) since the close of the Mr. Cooper acquisition to technical reasons. The selloff has created an attractive entry point for the “market leading” mortgage originator and servicer, the analyst tells investors in a research note. Deutsche says Rocket now has a considerably larger float, making it investable for a much larger share of the investor universe. It keeps a Buy rating on the shares with a $22 price target
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 price target raised to $17 from $16 at UBS
- Rocket Companies price target raised to $20 from $17 at RBC Capital
- Rocket Companies price target raised to $18 from $15 at Keefe Bruyette
- Rocket Companies price target raised to $19 from $16 at Barclays
- Short Report: TeraWulf short interest at record high despite stock strength