Rocket Companies, Inc., provides spanning mortgage, real estate, and personal finance services in the United States and Canada. It operates through two segments, Direct to Consumer and Partner Network. The company offers Rocket Mortgage, a mortgage lender service; Rocket Close, an appraisal management, settlement, and title service; Rocket Homes, a home search platform and real estate agent referral network that provides technology-enabled services to support the home buying and selling experience; and Rocket Loans, an online-based personal loans business. It also provides Rocket Money that provides financial wellness services, including subscription cancellation, budget management, and credit score; and Lendesk, a software service that provides a point of sale system for mortgage professionals and a loan origination system for private lenders. In addition, the company originates, closes, sells, and services agency-conforming loans. Rocket Companies, Inc. was founded in 1985 and is headquartered in Detroit, Michigan. Rocket Companies, Inc. operates as a subsidiary of Rock Holdings Inc.
Future Outlook | Discover analysts' perspectives on Rocket's potential, with price targets ranging from $10 to $18, as the company navigates integration challenges and market volatility |
Market Dynamics | Learn how shifting mortgage rates, refinancing trends, and housing market conditions are shaping Rocket Companies' growth prospects and strategic decisions |
Financial Performance | Delve into Rocket's Q3 2024 results, showcasing strong revenue growth and operational efficiency despite challenges in EPS and gain-on-sale margins |
Redfin Acquisition | Explore Rocket Companies' strategic $1.75 billion acquisition of Redfin, aiming to boost market share and diversify its portfolio in the competitive mortgage industry |
Metrics to compare | RKT | Sector Sector - Average of metrics from a broad group of related Technology sector companies | Relationship RelationshipRKTPeersSector | |
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P/E Ratio | 722.5x | 7.6x | 8.9x | |
PEG Ratio | −0.33 | 0.01 | 0.03 | |
Price / Book | 3.4x | 1.3x | 1.0x | |
Price / LTM Sales | 0.4x | 2.0x | 2.7x | |
Upside (Analyst Target) | −1.8% | 19.7% | 11.9% | |
Fair Value Upside | Unlock | 23.3% | 3.1% | Unlock |