Rocket Companies Inc (Symbol: RKT) shares have surpassed the average analyst 12-month target price of $13.45, currently trading at $13.86 per share. This milestone could prompt analysts to either downgrade their valuation or adjust their target prices upwards, as there are varying individual analyst predictions with a standard deviation of $2.079.
As of now, there are 11 analysts covering Rocket Companies, with predictions ranging from a low of $10.00 to a high of $18.00. The current ratings indicate 9 holds, 1 sell, and 2 strong sells, yielding an average rating of 3.42 on a scale where 1 is a strong buy and 5 is a strong sell.
The data for this analysis comes from Zacks Investment Research and highlights a significant moment for investors to consider their strategies regarding RKT stock.
