Rocket Companies ( (RKT) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
Rocket Companies’ stock surged due to the announcement of its pending acquisition of Mr. Cooper, which is expected to significantly boost earnings and market position. Analysts responded positively, with Deutsche Bank and Keefe Bruyette upgrading their outlooks. Deutsche Bank cited a projected 38% EPS increase by 2027, while Keefe Bruyette emphasized the balanced business model and stronger earnings confidence.
More about Rocket Companies
YTD Price Performance: 18.20%
Average Trading Volume: 6,098,708
Technical Sentiment Signal: Buy
Current Market Cap: $24.1B
For further insights into RKT stock on TipRanks’ Stock Analysis page.
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