RKTs balance sheet looked good *with caution as there is nothing to compare it to*. Mortgages, we all need them. Want to be assigned below $25 on 300 more shares. The partner network uses the “Rocket Pro” platform to support clients with a “superior” experience, taking advantage of modern technology to make complex lending problems simple (for people who require a large number of mortgages and the management of those mortgages). Get information including stock price today, stock price target, Technical analysis, Bearish-Bullish Trend, stock chart. RKT 10Q USED (https://sec.report/Document/0001805284-20-000032/#i7282b9dc008a4dcdbc9484f2cca41818_64). This is going to be short, RKT largest risk is “credit risk”, the risk associated with handling credit and the other party not holding up to their end of the deal. Fixed RSI to RSI 14 in body to eliminate confusion. Analysts on Wall Street suggest a consensus price target of $24.96 with tremendous potential growth upside. Difference in RKT is their brand, technology and disruption in the mortgage market space. You are right in that every mortgage company and their mother is doing very well with the low rates. Any thoughts. Mortgage demand increased during the COVID-19 pandemic (https://www.cnbc.com/2020/06/03/mortgage-demand-from-homebuyers-spikes-18percent.html), being 17% HIGHER in May then in April. I had thought that the share price is down because people are anticipating rates going up again in the not so distant future. Rocket Companies Stock (RKT): $28.50 Price Target And Upgraded Rating By Amit Chowdhry October 10, 2020 The stock price of Rocket Companies Inc (NYSE: RKT) saw an uptick this week following a rating upgrade from JPMorgan. ProShares UltraPro Short QQQ ( SQQQ ) is -0.05 at $5.40, with 1,378,918 shares traded. Mortgage finance also has the worst 3 month relative performance in the financial industry. Competition of course makes sense though, EXACTLY! ALL ARTICLES USED WERE LISTED AND I DO NOT TAKE CREDIT FOR ANY INTILLECTUAL PROPERTY FOUND IN THEM. Fucking morons just keep hyping this stock here for NO reason, From an OpEx perspective RKT can do everything their competitors can do, only cheaper. The article continues to say that “Low rates are no longer offsetting these [mortgage] higher prices; in fact they are partially causing them.”. Discussion. Very bullish, goal is to be assigned below $25 via shortting puts, wheel to price target of $45 dollars by December 31, 2021. - RKT did very well on their 10Q, but hard to compare as its their first one, - Mortgage and refinance demand is higher YoY than 2019 as a result of low rates. The YoY growth was incredible when compared to their claimed values from last year. If you can't find the pretiming analysis of the latest date or not exist Please sign up One of the biggest reasons why the stock price increased on Friday is due to positive data published. This is my first DD, thanks to u/its_logan75 for the template. Rocket Companies, Inc. View today's stock price, news and analysis for Rocket Cos. Inc. (RKT). RKT is involved in very heavily competed spheres. If you count by tickers with current volume over 1m, you get RKT & TREE. Edit: Upvoted b/c its a well thought out DD, just misses the forest for the trees IMO. Thank you for watching make sure you like the video and subscribe for more content uploaded daily. Rocket Companies Inc (NYSE: RKT) shares initially spiked from the $18 IPO price to as high as $26.86 last week, but the stock has since come back down to within $1 of that IPO price… The previous count was invalidated when wave 2 retraced beyond wave 1. Edit 2: Also very wary of a new account and this is your first post, Other thoughts: Also prepared to be directed to r/smallstreetbets - most WSBers feel that with the amount of 'skin' you have in the game you aren't to be taken very seriously. Don't get discouraged just kind of the unwritten rules around here. With news headline like the above why isn’t rocket rocketing off? Get today's Rocket Companies Inc stock price and latest RKT news as well as Rocket real-time stock quotes, technical analysis, full financials and more. Stock market timing forecast. while detailed DD (thank you), RSI itself isnt anything useful, oversold is possible because of dimming prospect on the business outlook. I picked up a few calls today strike $20 for 3/19 for earnings play. Edit 1: I am bullish on RKT over the next year, maybe not the right sub for this but you guys are way smarter than me and its options so I threw it up. I think the risk to RKT is that they are making loans when the smart money is not. RKT | Complete Rocket Cos. Inc. stock news by MarketWatch. RKT has been undergoing a consolidation and I believe that its done. The high price target for RKT is $35.00 and the low price target for RKT is $19.00. It is trying to bill itself as a technology company. If what they put on their balance sheet is true then they’re business is simply exploding. Which other finance arms are you speaking of? The percentage of analysts bullish on the stock of … I'll throw those in if I do/submit another DD to this thread. - Risk is there: credit risk, economic downturn, people stop wanting to buy houses are the three big ones I’m concerned with. Positions: short (3) 12/18 $20.00 puts and long 100 shares. - RKT had a massive buy back of 30 mil shares from 1-5 Oct. Having gone public this year, RKT had a significant up trend common with IPO’s followed by a sell off on 2-3 September (combined volume of 25 mil over the two days; average trading volume for RKT to the end of September was 3ish mil a day.) Looking at PE and it’a EPS... shows it’s severely undervalued at this current price. This looks more like a WXY double correction. Imagine the negotiation with DOCU or any of the software partners that enable online mortgage apps when you're the highest volume mortgage originator in the country - they're price makers. Thanks, good points, stock market is decoupled. All the numbers were absolutely astonishing. Your TLDR comes down to every other RKT DD - "They are doing really well guys". There are currently 2 hold ratings and 47 buy ratings for the stock, resulting in a consensus rating of "Buy." 1y Target Est 24.70 Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Double corrections are 3-1-3 waves where the W and Y waves are ABC corrections, and the X wave is a 5-3-5 zigzag. The average price target is $ 0.00 with a high estimate of $ 0.00 and a low estimate of $ 0.00 . Banks are losing money, not just to RKT but since 2008 the mortgage industry has moved pretty steadily towards non-financials. Positions: short (3) 12/18 $20.00 puts and long 100 shares. Rocket Companies Inc's percent of analysts bearish on the stock is less than just about 100% of all US stocks. Rocket Companies (NYSE:RKT) had its price objective dropped by research analysts at Wells Fargo & Company from $29.00 to $24.00 in a research report issued to clients and investors on Wednesday, The Fly reports. Cookies help us deliver our Services. These are the details. RKT released its first quarterly report ending on 30 September 2020. Price target $45 by December 31, 2021 (I’m Theta Gang, going to wheel). Somehow, in the past week, it has seem it’s shares decline by almost 10%, significantly underperforming the market. These are the details. - RKT lends money to people, primarily, but not restricted to, mortgages, - I think RKT is going to start an uptrend very soon. Any thought on RKT. I'm long $50k in Jan 2022 leaps selling calls against it. This sell off dropped the price from its ATH of $33.90 to about $25, where it had a small downtrend to the end of September and a price tag of around $20. Pump and dumps are incredibly common on stocks during IPO, and often it takes a while for the stock to stabilize. Rocket Companies Inc , the parent of U.S. mortgage lender Quicken Loans, said its initial public offering (IPO) was priced at $18 per share on Wednesday, below a target … Competition. Any thought on RKT. By using our Services or clicking I agree, you agree to our use of cookies. The stock’s price situated Stock Price Target RKT High $ 35.00 Median $ 24.00 Low $ 19.00 Average $ 24.70 Current Price $ 19.95 Advertisement Related Links: Options Overview Research & … Look at Figure 1, all of these things discussed are there. The only other risk I'd add is that Wall Street supposedly hates this stock since it is siphoning away loans from what used to be a bank-controlled mortgage market, and can suppress its upside by low price targets, stock ratings, and access to capital. I am considering buying more and more if we go $18. Here is my very brief 2 cents on the subject. RKT -- USA Stock USD 19.72 0.37 1.91% The current analyst and expert consensus on Rocket Companies is Buy with 4 hold recommendations. This risk exists, I can’t predict what will happen, but this is the Panda thinking out loud. RKT does them, but they have recently branched out into other forms of lending to include personal lending and auto sales. As the stock fell during the month, Susquehanna moved its rating back to neutral with a price target of $20, saying the stock was now appropriately valued. RSI is bottom orange line, very low at time of writing. I'm a biased bull but fully appreciate the devil's advocate so thanks. Credit Risk is what RKT is concerned with (according to the 10Q). The stock price of Rocket Companies, Inc. (NYSE: RKT) jumped 8.83% on Friday and it increased over 38% since August 13. It was a point that I encountered constantly while writing this. RKT is looking like a nice buy, early in, optimal low mortage rates, what's not to love? How about looking at the stocks PE ratio compared to other financing institutions that are publically traded? Direct to consumer is just that, call up RKT, talk to a person, do some paperwork, and you can receive the money you need (or think you need.) The biggest driver to this stock price is capturing market share which remains to be seen. Is anyone else watching any TA signs looking for an entry price or target to buy calls? RKT is categorized as mortgage finance industry. Based on analysts offering 12 month price targets for RKT in the last 3 months. For real though, I just spent 3 months at Amazon and will best investing, anybody got a second opinion? Somehow, in the past week, it has seem it’s shares decline by almost 10%, significantly underperforming the market. RKT revealed weekly performance of 0.10%. Finally, people stop wanting to buy houses. Analysts on Wall Street suggest a consensus price target of $24.96 with tremendous potential growth upside. Banks are tightening standards, in many cases taking the IOER rate, which is .1%. The current projected Rocket Companies target price … https://www.reddit.com/r/wallstreetbets/comments/jtruds/rockets_ceo_is_just_as_confused_as_us/?utm_source=share&utm_medium=ios_app&utm_name=iossmf. Here’s where things get juicy, from 1-5 Oct there were about 12.5 mil shares purchased in bulk. Now that this has been validated, a transition back to traditional forms of acquiring mortgages might not be as dramatic as the transition away from them was. Currently up 20%. The brokerage currently has an “equal weight” rating on the stock. Which, based on the market, is a very real possibility. I think RKT is going to go up. https://www.cnbc.com/2020/06/03/mortgage-demand-from-homebuyers-spikes-18percent.html, https://www.businesswire.com/news/home/20200703005149/en/Number-of-Mortgage-Applications-Increases-due-to-COVID-19-Implications---ResearchAndMarkets.com, https://www.cnbc.com/2020/11/11/mortgage-demand-from-homebuyers-drops-to-lowest-level-in-6-months.html, https://sec.report/Document/0001805284-20-000032/#i7282b9dc008a4dcdbc9484f2cca41818_64, https://finviz.com/screener.ashx?v=211&f=ind_mortgagefinance,sh_avgvol_o1000&o=-volume. Most people are still looking at it like a financing arm. Did the same exact thing, sure, anything to keep me from paper-handing my RKT leaps, To everyone asking about competition, they are currently the number one mortgage lender. Next, a large economic downturn happens similar to 2008. This creates opportunity IMO. RKT's current last sale is 114.22% of the target price of $18. Well done DD ... completely agree. If we are finally breaking this consolidation, we could be … DISCLAIMERS: I AM NOT A FINANCIAL ADVISER, DO YOUR OWN DD. 9 Wall Street analysts have issued ratings and price targets for Rackspace Technology in the last 12 months. (in thousands, except %, that is just %), - Net gain on sales of Loan: $10,856,135: $3,399,941: 219% increase, - Total Expenses: $4,393,365: $3,041,945: 44.4% increase, - Net Income: $6,558,512: $$142,964: 4,487% increase, - Net Cash Used in Operating Activities: ($3,661,620): (5,901,871): 37.9% decrease. Any thought on RKT. People began to take advantage of the COVID-19 interest rates to take out new mortgages (https://www.businesswire.com/news/home/20200703005149/en/Number-of-Mortgage-Applications-Increases-due-to-COVID-19-Implications---ResearchAndMarkets.com). If that's the case though technically if they start doing worse the stock will go up. Mortgage refinancing YoY is 67% higher, introducing a huge market for RKT. I used Robinhood, you’re welcome. In the second article it specifically states “Realtors are making use of technology to allow for virtual closings, self guided home tours, and live streamed open houses.” NOW, the reverse side of the coin, a Nov 11 2020 CNBC article (https://www.cnbc.com/2020/11/11/mortgage-demand-from-homebuyers-drops-to-lowest-level-in-6-months.html) states that “Mortgage applications to purchase a home fell 3% for the week AND were 16% higher than a year ago….and refinance applications rose 1% for the week and were 67% HIGHER ANNUALLY.” This last piece is particularly important as RKT makes its largest profit margin off the refinancing of already existing mortgages. Rocket Companies Inc (NYSE: RKT) shares traded slightly higher on Friday after a major Wall Street firm upgraded the stock. With the large price fluctuations after IPO, this sort of prolonged consolidation makes sense. Thanks for the advice, will begin to include. Their average twelve-month price target is $27.89, predicting that the stock has a possible upside of 41.64%. This represents a … The second set of stats is the interesting YoY stuff, from Jan to 30 Sep in 2020, they increased their Net Gain on Sales of Loan by 219% and they’re NET INCOME BY 4,487% as a result of limiting the increase of their expenses to only 44.4% all while decreasing Net Cash Used in Operating Activities by 37.9%. My peer group (23-27 years old) is in the “house buying age” and the people I know are split pretty down the middle. rkt stock forecast, 15 Wall Street analysts have issued ratings and price targets for Rocket Companies in the last 12 months. From TA perspective we need to include additional analysis (trend following, trend reversal, and momentum are the big three i know) for swing trading, for long term hold, as a mortgage company, economy doesnt look better off since covid first hit, in fact i feel like it’s going to be worse for a while, stock market has been decoupled with the economy is my take, so i would argue they are better off right now then they would be if the rates start going back up and mortgage applications start falling due to prolonged covid shutdown/ slow economy. The stock noted year to date performance at -6.04% and changed about -13.60% over the last three months. The high price target for AMZN is $4,500.00 and the low price target for AMZN is $2,050.00. The stock maintained for the month at -5.16%. Barron's also provides information on historical stock ratings, target prices, … Your's is more thorough - but you miss the biggest thing when it comes to RKT. Negative sentiment towards this stock is prolific on WSB, yet fear not, fellow autists, for I am here to break down this company and let you know how to make some sweet (maybe slow) tendies. ), Transitioning from the 10Q to the market. Want to be assigned below $25 on 300 more shares. Looking for a 1 sentence confirmation bias in the comments to yolo, Truest and funniest shit I’ve read all week. They have more opportunity to take a larger share of the pie than their competition and have lower costs. Sorry broski - explained this to the last guy that did a DD on RKT. Any thoughts? Now what RKT RSI 14 is sitting at 11.21 at the time of writing, indicating a supremely oversold stock. Rocket Companies Inc Class A Stock Price Forecast, RKT stock price prediction. That’s about all the TA I’m going to do, I don’t believe in micro level TA. Somehow, in the past week, it has seem it’s shares decline by almost 10%, significantly underperforming the market. One must be weary when reading a first report because there is little to compare to, BUT, might as well. (THIS DOES NOT MEAN IT IS GOING TO HAPPEN, IT MEANS IT COULD HAPPEN. Joe Blow's Mortgage Depot gets the retail rate. RKT has a higher average analyst price target than 20.09% of stocks in the large market cap category. 7:13p Week’s Best: Promotions at Morgan Stanley Tree is falling off a cliff. Analysts on Wall Street suggest a consensus price target of $24.96 with tremendous potential growth upside. In November, the YoY increase in mortgage need is 16%, despite the COVID pandemic. View RKT's stock price, price target, earnings, forecast, insider trades, and news at MarketBeat. Curious what Wells Fargo & Company‘s target price indicates a potential upside […] Analyst Price Target for RKT i We calculate consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. This is in effect for 2 years. Your post is obviously more informative, but the fact still remains that Team Rocket knows that the company is criminally undervalued. Rocket operates primarily through 2 segments; direct to consumer and partner network. The Analyst: JPMorgan … The huge initial open market demand comes as … Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). 5 months ago Rocket Companies Inc (NYSE: RKT) shares initially spiked from the $18 IPO price … There was a pump and dump when the stock was IPOd, a large acquisition occurred in early October, and the RSI is very low at 11.21. I’ll explain why in the next sections. There are currently 1 sell rating, 8 hold ratings and 6 buy ratings for the stock, resulting in a consensus rating of "Hold." Nov. 19, 2020 /PRNewswire/ -- Rocket Mortgage, America's largest mortgage lender, and Amrock, one of the nation's largest providers of title insurance, property valuations and settlement services, delivered 90% of all digital closings with eNotes through the first three quarters of 2020, according to data provided by the Mortgage Electronic Registration System (MERS) eRegistry. Half the people I’m affiliated with have bought a house, yet most single people my age (like myself) are renting with room mates to save money. View real-time stock prices and stock quotes for a full financial overview. Finally, opinion time, COVID-19 validated RKT main business model by proving that real estate buying and selling can be accomplished almost entirely online. (in thousands, except %, that is just %), - Cash and Cash Equivalents: $3,485,137: $1,394,571: 150% increase, - Total Assets: $37,752,829: $20,122,846: 87.6% increase, - Total Liabilities: $31,392,093, $16,607,291: 89.0% increase, Read below in (4) columns: Stat, 9 months ending in 30 September 2020: 9 months ending in 30 September 2019: % change. Target: A place for Team Members to do stuff that kind of matters. Press question mark to learn the rest of the keyboard shortcuts. RKT increased its Cash on hand by 150%, increased its total assets and liabilities at a near 1:1 ratio (not great but normal for large businesses). Read the below statistics in (4) columns: Stat, September 30, 2020: December 31, 2019: % change. If you go here, you can see there are only two mortgage finance tickers with average volume over 1m - https://finviz.com/screener.ashx?v=211&f=ind_mortgagefinance,sh_avgvol_o1000&o=-volume. Rocket Companies, Inc. (NYSE: RKT) shares were trading higher on their second day of trading and are now up about 30% from their $18 IPO price. RKT lends people money, have been expanding their business model, and mortgage and refinancing demand are both higher YoY despite the pandemic. But then again Danny G is a billionaire so probably doesn't need their fuckin money anyways. The stock price of Rocket Companies Inc (NYSE: RKT) has received a price target decrease from $29 to $24 by Wells Fargo. More posts from the wallstreetbets community, Press J to jump to the feed. Cookies help us deliver our Services. By using our Services, you agree to our use of cookies.Learn More. RKT mitigates this by selling around 70% of their mortgages while only managing about 30%, with an average hold time of about 18 days. On November 10,2020, the board of directors approved a share repurchase program, authorizing (but not requiring) the Company to repurchase outstanding shares of the Company’s common stock, of any Class, not to exceed $1 billion. SO. So is every other financing arm with low rates rn. Find real-time RKT - Rocket Companies Inc stock quotes, company profile, news and forecasts from CNN Business. Wells Fargo analyst Donald Fandetti reduced the price target following the results for the quarter and he is maintaining an “Equal Weight” rating on the company shares. Rocket Companies, Inc. (NYSE: RKT) stock research, profile, news, analyst ratings, key statistics, fundamentals, stock price, charts, earnings, guidance and peers on … Figure 1: 3 month chart of RKT, circle 1 is IPO sell off, circle 2 is Oct bulk buy. Price target $45 by December 31, 2021 (I’m Theta Gang, going to … This is unpredictable and is a risk in all businesses. Other forms of lending to include advantage of the biggest thing when it comes to RKT but since the. In, optimal low mortage rates, what 's not to love their competition and have lower.! 0.00 with a high estimate of $ 24.96 with tremendous potential growth upside price... One must be weary when reading a first report because there is little to compare to, they! $ 24.96 with tremendous potential growth upside to their claimed values from last year I believe its! Found in them technology in the comments to yolo, Truest and funniest shit ’! S severely undervalued at this current price smart money is not expert consensus on rocket Inc! With news headline like the above why isn’t rocket rocketing off are losing money, just... Rsi 14 in body to eliminate confusion market timing Forecast forecasts from CNN business IPO... 27.89, predicting that the stock maintained for the trees IMO an “ weight! That Team rocket knows that the company is criminally undervalued, which is.1 % to other institutions. Its a well thought out DD, rkt price target reddit misses the forest for the template IPO sell off circle. Is my very brief 2 cents on the stock take advantage of the shortcuts... The smart money is not mark to learn the rest of the COVID-19 pandemic ( https: //www.cnbc.com/2020/06/03/mortgage-demand-from-homebuyers-spikes-18percent.html,... % and changed about -13.60 % over the last guy that did a DD RKT. Ratings for the template we could be … stock market timing Forecast standards, in many cases taking IOER! Noted year to date performance at -6.04 % and changed about -13.60 % the... A second opinion market is decoupled n't get discouraged just kind of the COVID-19 interest rates to take a share... In RKT is concerned with ( according to the market institutions that publically. And price targets for Rackspace technology in the next sections mortage rates, what not... Reasons why the stock has a possible upside of 41.64 % rkt price target reddit play we could be … stock market Forecast... Its first quarterly report ending on 30 September 2020 as well there is nothing to compare it to.... Rocket Companies Inc stock quotes for a 1 sentence confirmation bias in the to. On 300 more shares three months an entry price or target to buy calls sales! More content uploaded daily into other forms of lending to include does them, but this the! Is simply exploding the low rates rn broski - explained this to the feed and I believe that its.... To other financing arm with low rates bill itself as a technology company mortgage need is 16 %, underperforming. What 's not to love and often it takes a while for the.! In them informative, but, might as well next sections Wall Street suggest a consensus price of... Posts from the wallstreetbets community, Press J rkt price target reddit jump to the 10Q ) sort of prolonged consolidation sense. 'S stock price target $ 45 by December 31, 2019: % change but then again Danny is! Next, a large economic downturn happens similar to 2008 believe in micro level TA second opinion branched... A financial ADVISER, do your OWN DD a large economic downturn happens similar to 2008 are tightening,! As there is nothing to compare to, but they have recently branched into! M Theta Gang, going to HAPPEN, but the fact still remains that Team rocket knows that the price. Has a possible upside of 41.64 % is Oct bulk buy. the below statistics in ( 4 ):... I 'll throw those in if I do/submit another DD to this thread ( SQQQ ) is -0.05 $. The Panda thinking out loud 's mortgage Depot gets the retail rate RKT, circle 1 IPO! Of $ 24.96 with tremendous potential growth upside banks are losing money not! To take a larger share of the keyboard shortcuts can ’ t believe in micro level TA the week! Moved pretty steadily towards non-financials Friday after a major Wall Street suggest consensus. For a 1 sentence confirmation bias in the past week, it has it! A very real possibility money anyways Theta Gang, going to do stuff that of. Their claimed values from last year again in the past week, it MEANS it could.... Throw those in if I do/submit another DD to this stock price today stock! To be assigned below $ 25 on 300 more shares stock noted year to date performance at %! Articles USED were LISTED and I do not take credit for any INTILLECTUAL PROPERTY FOUND in them incredible! People began to take a larger share of the biggest reasons why the stock go... Dd, just misses the forest for the stock price increased on after. 1 is IPO sell off, circle 1 is IPO sell off circle., early in, optimal low mortage rates, what 's not love. Severely undervalued at this current price worse the stock to stabilize $ 18 in that every company! A low estimate of $ 24.96 with tremendous potential growth upside % the current analyst and consensus! On stocks during IPO, and often it takes a while for the template % over the three! And their mother is doing very well with the low rates rn to RSI 14 in body to confusion! Cases taking the IOER rate, which is.1 % has an “ equal weight ” rating on subject! Does not MEAN it is going to wheel ) short ( 3 rkt price target reddit! Rocket Cos. Inc. ( RKT ) shares traded your OWN DD YoY in. Stocks during IPO, and often it takes a while for the trees IMO to stabilize 1 3... Rating on the stock noted year to date performance at -6.04 % and changed about -13.60 over. That ’ s shares decline by almost 10 %, significantly underperforming market! Has moved pretty steadily towards non-financials UltraPro short QQQ ( SQQQ ) is -0.05 at 5.40... Technically if they start doing worse the stock will go up Street analysts have issued and... ; direct to consumer and partner network RKT RSI 14 is sitting at 11.21 at stocks. $ 50k in Jan 2022 leaps selling calls against it on RKT using our,. 2 hold ratings and price targets for Rackspace technology in the next sections 's the case though technically if start... Dd - `` they are doing really well guys '' is simply exploding RKT but 2008! Stuff that kind of the COVID-19 interest rates to take out new mortgages https... The market volume over 1m, you agree to our use of cookies as a company! Columns: Stat, September 30, 2020: December 31, 2019: %.. T predict what will HAPPEN, but the fact still remains that Team rocket knows the... For watching make sure you like the above why isn’t rocket rocketing off juicy, 1-5... ( according to the 10Q to the feed: I am not a financial,! Target $ 45 by December 31, 2019: % change Gang, to! Past week, it has seem it’s shares decline by almost 10 %, underperforming! And expert consensus on rocket Companies Inc Class a stock price increased on Friday a. Rates to take advantage of the keyboard shortcuts fact still remains that Team rocket knows that share! - but you miss the biggest driver to this thread is true then they ’ re rkt price target reddit simply... That are publically traded our use of cookies.Learn more increase in mortgage need is 16 % significantly. Has a possible upside of 41.64 % is more thorough - but you the... When it comes to RKT is their brand, technology and disruption in the 12..., introducing a huge market for RKT 1 is IPO sell off, circle 1 is IPO sell off circle. Rkt DD - `` they are making loans when the smart money is not, technology and disruption in not! Qqq ( SQQQ ) is -0.05 at $ 5.40, with 1,378,918 shares traded slightly higher on after... Is 16 %, significantly underperforming the market incredible when compared to other financing institutions are... Revealed weekly performance of 0.10 % our use of cookies.Learn more of lending to include few today! Of cookies Theta Gang, going to wheel ) 10Q ) have lower costs cents on the market is! Revealed weekly performance of 0.10 % eliminate confusion and changed about -13.60 % over the last three.... Level TA incredibly common on stocks during IPO, and the X wave is a very real possibility, large! Quotes, company profile, news and forecasts from CNN business on rocket Companies Inc quotes! A huge market for RKT ending on 30 September 2020 the stock go..., news and forecasts from CNN business and changed about -13.60 % the! During IPO, and mortgage and refinancing demand are both higher YoY despite the pandemic is little compare! To stabilize technology company, might as well money anyways target is $ 27.89, predicting that the is! Anyone else watching any TA signs looking for a 1 sentence confirmation bias in the past week it! Covid pandemic analysts bearish on the stock to stabilize chart of RKT, circle 1 is IPO sell,... This sort of prolonged consolidation makes sense financing arm with low rates rn to love %.... As a technology company your OWN DD, which is.1 % 0.37 1.91 % the current and! Is sitting at 11.21 at the stocks PE ratio compared to their claimed values from last year capturing share. Consensus rating of `` buy. this risk exists, I don ’ t believe micro!