Rocket Companies price target lowered to $12 from $13 at Wedbush

Wedbush lowered the firm’s price target on Rocket Companies (RKT) to $12 from $13 and keeps a Neutral rating on the shares following quarterly results. Per the conference call, demand trended higher through Q1 2025 and peaked in March. April saw home buyers and homeowners move to the sideline due to the rate and stock market volatility having a negative effect on consumer confidence, Wedbush says.