tiprankstipranks
Trending News
More News >

Rocket Companies Completes Acquisition of Redfin

Story Highlights
Rocket Companies Completes Acquisition of Redfin

Don’t Miss TipRanks’ Half-Year Sale

The latest announcement is out from Rocket Companies ( (RKT) ).

On July 1, 2025, Rocket Companies completed its acquisition of Redfin, making Redfin a wholly owned subsidiary. This merger combines Redfin’s popular real estate brokerage website with Rocket’s leading mortgage services, aiming to enhance the homebuying experience. The companies introduced Rocket Preferred Pricing, offering financial incentives for clients using both services. Additionally, Rocket Companies simplified its organizational structure by collapsing its ‘Up-C’ structure, which is expected to improve equity liquidity and enhance its corporate profile.

The most recent analyst rating on (RKT) stock is a Hold with a $16.00 price target. To see the full list of analyst forecasts on Rocket Companies stock, see the RKT Stock Forecast page.

Spark’s Take on RKT Stock

According to Spark, TipRanks’ AI Analyst, RKT is a Neutral.

Rocket Companies’ overall score is impacted by financial instability and high valuation risk. However, positive earnings call outcomes and strategic corporate actions provide a potential offset to financial weaknesses. The stock’s mixed technical indicators reflect uncertain short-term prospects.

To see Spark’s full report on RKT stock, click here.

More about Rocket Companies

Founded in 1985, Rocket Companies (NYSE: RKT) is a Detroit-based fintech platform that includes mortgage, real estate, and personal finance businesses such as Rocket Mortgage, Redfin, Rocket Homes, Rocket Close, Rocket Money, and Rocket Loans. Known for exceptional client experiences, Rocket Mortgage has been ranked #1 in client satisfaction for primary mortgage origination and servicing by J.D. Power 22 times.

Average Trading Volume: 13,799,328

Technical Sentiment Signal: Strong Buy

Current Market Cap: $28.44B

Find detailed analytics on RKT stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1