BofA raised the firm’s price target on Rocket Companies (RKT) to $15 from $14 and keeps an Underperform rating on the shares following a “decent” Q3 along with “somewhat disappointing” Q4 guidance. Given evolving rate expectations post election and a possible higher for longer environment, a volume bounce back “could take some time” and the firm is concerned that 2025 estimates could come under pressure, the analyst tells investors.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter