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The latest announcement is out from Rocket Companies ( (RKT) ).
On June 12, 2025, Rocket Companies, Inc. subsidiaries entered into a Second Amended and Restated Master Repurchase Agreement with JPMorgan Chase Bank, extending the termination date to June 11, 2027, and increasing the facility from $2.0 billion to $3.0 billion. Additionally, on June 13, 2025, Rocket Mortgage renewed its Master Repurchase Agreement with Banco Santander, extending the expiration to June 11, 2027, and increasing the facility amount to $1.0 billion. These agreements enhance Rocket Companies’ funding capacity, which totaled $28.2 billion as of June 16, 2025. Furthermore, at the annual meeting on June 11, 2025, stockholders elected two Class II directors and ratified Ernst & Young LLP as the independent accounting firm for 2025.
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 is navigating a challenging financial landscape with declining revenues and profitability pressures. However, technical indicators show positive momentum, and the earnings call highlights strong strategic initiatives and AI integration that enhance growth prospects. Valuation remains a concern due to negative earnings, but strategic acquisitions could provide long-term value.
To see Spark’s full report on RKT stock, click here.
More about Rocket Companies
Rocket Companies, Inc. operates in the financial services industry, primarily focusing on mortgage lending and related services through its subsidiary Rocket Mortgage, LLC. The company is known for its digital-first approach to mortgage origination and servicing, catering to a broad market of homebuyers and homeowners.
Average Trading Volume: 13,209,023
Technical Sentiment Signal: Strong Buy
Current Market Cap: $27.46B
For detailed information about RKT stock, go to TipRanks’ Stock Analysis page.