Jefferies raised the firm’s price target on Rocket Companies (RKT) to $14 from $11.50 and keeps a Hold rating on the shares. The firm estimates that Rocket’s acquisition of Mr. Cooper (COOP), following the Redfin (RDFN) deal, will drive average EPS accretion over 2026-27 of 37%, the analyst tells investors. While the firm argues that consensus estimates “may prove too optimistic” in Q2, it also believes investors “should begin shifting their lens” toward pro forma FY27 earnings.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RKT:
- Rocket Companies call volume above normal and directionally bullish
- This Is Why Opendoor Stock (OPEN) Has Surged 180% in the Past Week
- Mr. Cooper downgraded to Neutral from Buy at UBS
- Rocket Companies price target raised to $14 from $13 at Keefe Bruyette
- Largest borrow rate increases among liquid names