Morgan Stanley Cuts Rocket Companies (RKT) Price Target to $16
Morgan Stanley maintains its Overweight rating on Rocket Companies with a price target of $16.00, a 49.18% upside from the current price.
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Morgan Stanley cut its price target on Rocket Companies, Inc. ($RKT) to $16 from $19 on October 12, 2026, and rates the stock "Overweight".
Since the rating, $RKT is down 0.8% to date (from the $10.87 close on Oct 12, 2026).
RKT
Rocket Companies, Inc.
Key Points
- On October 12, 2026, Morgan Stanley reiterated its Overweight rating on Rocket Companies, Inc. with a price target of $16.00, down from $19.00.
- Morgan Stanley's $16 price target implies 49.18% upside from Rocket Companies, Inc.'s ($RKT) current $10.72 share price.
- Rocket Companies recently traded around $10.72, which is about 33.0% below the analyst's target and well below its 52-week high of $24.36.
- The company has a market cap of approximately $31.3 billion and is set to report earnings on November 5, 2026.
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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Rocket Companies, Inc. alert may contain errors. Disclosures
Morgan Stanley has reiterated its Overweight rating on Rocket Companies, Inc. (NYSE: RKT) on October 12, 2026, maintaining a price target of $16.00, down from a previous target of $19.00.
Other Institutional Activity in Rocket Companies, Inc.
Capital World Investors holds 69,332,560 shares of Rocket Companies, valued at about $747.4 million, having increased its stake by 34,666,280 shares. Blackrock Inc. owns 69,066,062 shares worth approximately $744.5 million after adding 2,477,109 shares. Price (T. Rowe) Associates Inc. holds 55,269,619 shares valued at about $595.8 million, increasing its position by 15,746,150 shares. FMR, LLC grew its holdings by 20,382,025 shares, ending with 52,060,648 shares worth about $561.2 million. Vanguard Capital Management LLC has 42,689,718 shares valued at approximately $460.2 million after a slight increase of 1,012,750 shares.
Rocket Companies, Inc. Stock Up 1.9%
As of October 16, 2026, Rocket Companies' shares are recently trading at $10.72. This price is about 17.6% below the 50-day moving average of $13.01 and 29.8% below the 200-day moving average of $15.26. The stock is also about 56.0% below its 52-week high of $24.36, but it remains 5.3% above its 52-week low of $10.18.
$RKT price target
Rocket Companies, Inc. daily closes and this analyst's $16 target. Not advice.
Recent Earnings
Rocket Companies reported a trailing twelve-month revenue of approximately $10.24 billion, reflecting a year-over-year revenue growth of 91.9%. The company has a net margin of 4.6% and a return on equity of 3.0%. The next earnings report is scheduled for November 5, 2026.
Insider Buying and Selling at Rocket Companies, Inc.
Insider trading at Rocket Companies shows that Matthew Rizik, a Director, sold 5,000 shares on January 8 and another 5,000 shares on January 12, 2026. Jesse Kane Bray, an Officer and Director, sold 225,000 shares at an average price of $13.11 on September 15, 2026, and 92,300 shares at $12.39 on October 2, 2026.
Analysts Set New Price Targets
On October 12, 2026, Morgan Stanley maintained its Overweight rating on Rocket Companies with a price target of $16.00, down from a prior target of $19.00. RBC Capital also maintained its Sector Perform rating with a target of $16.00, while Barclays and Wells Fargo made similar moves in their ratings on October 5 and 6, respectively. The consensus among analysts is a buy rating with a mean target price of $16.13 from 14 opinions.
About Rocket Companies, Inc.
Rocket Companies, Inc. is a fintech firm based in Detroit, Michigan, focusing on mortgage, real estate, and personal finance services in the U.S. and Canada. With a workforce of around 23,500 employees, it operates through two segments: Direct to Consumer and Partner Network.
Bottom Line
Investors should watch for Rocket Companies' upcoming earnings report on November 5, 2026. The stock is currently trading below analyst targets and moving averages, which may indicate further volatility ahead.
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Source: Morgan Stanley's rating change on $RKT (Oct 12, 2026). Written by software, not financial advice. How we make alerts