StoneX Cuts Rocket Companies (RKT) Price Target to $16

StoneX has reiterated its Buy rating for Rocket Companies, Inc. (NYSE: RKT) on October 14, 2026, setting a new price target of $16.0, down from $19.0. This comes as the stock trades recently at $10.72, which is 33.0% below the new target price.

Other Institutional Activity in Rocket Companies

Several other institutional investors have been active in Rocket Companies. Capital World Investors increased its holdings by 34,666,280 shares, ending with 69,332,560 shares valued at approximately $747.4 million. Blackrock Inc. also raised its position, adding 2,477,109 shares for a total of 69,066,062 shares worth about $744.5 million. Price (T.Rowe) Associates Inc. increased its stake by 15,746,150 shares, bringing its total to 55,269,619 shares valued at roughly $595.8 million. FMR, LLC grew its holdings by 20,382,025 shares, totaling 52,060,648 shares worth about $561.2 million. Vanguard Capital Management LLC added 1,012,750 shares, ending with 42,689,718 shares valued at approximately $460.2 million.

Rocket Companies, Inc. Stock Up 1.9%

Rocket Companies is currently trading below its 50-day moving average of $13.01 and is down about 29.8% from its 200-day average of $15.26. The shares are also 56.0% below their 52-week high of $24.36, but they are slightly above the 52-week low of $10.18, suggesting some resilience in the face of broader market challenges.

Recent Earnings

In its latest reporting, Rocket Companies achieved a trailing twelve-month revenue of approximately $10.24 billion, showing a significant year-over-year growth of 91.9%. The company also reported a net margin of 4.6% and a return on equity of 3.0%. The next earnings report is scheduled for November 5, 2026.

Insider Buying and Selling at Rocket Companies, Inc.

Insider activity has seen some notable sales. Matthew Rizik, Director, sold 5,000 shares on January 8, 2026, valued at approximately $106,374. He sold another 5,000 shares on January 12, 2026, for about $114,430. Jesse Kane Bray, Officer and Director, sold 225,000 shares on September 15, 2026, at an average price of $13.11, totaling around $2.95 million, and sold 92,300 shares on October 2, 2026, for about $1.14 million at an average price of $12.39.

Analysts Set New Price Targets

On October 14, 2026, StoneX maintained its Buy rating on Rocket Companies with a price target of $16.0, down from $19.0. Earlier, Morgan Stanley also maintained an Overweight rating with a target of $16.0, while Barclays and Wells Fargo adjusted their targets to $15.0 and $13.0, respectively. The consensus among 14 analysts gives a mean price target of approximately $16.13.

About Rocket Companies

Rocket Companies, Inc. is a fintech firm based in Detroit, Michigan, specializing in mortgage, real estate, and personal finance services across the United States and Canada. It operates through two main segments: Direct to Consumer and Partner Network. This reiteration of the Buy rating by StoneX highlights the firm's confidence in Rocket's growth potential despite recent adjustments to the price target.

Bottom Line

Investors should watch for Rocket Companies' upcoming earnings report on November 5, 2026, as well as any further analyst updates that may impact the stock's outlook. StoneX's recent action reflects ongoing interest in the company amid a challenging market environment.