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rkt price target reddit

11/01/2021

All the numbers were absolutely astonishing. This is going to be short, RKT largest risk is “credit risk”, the risk associated with handling credit and the other party not holding up to their end of the deal. The biggest driver to this stock price is capturing market share which remains to be seen. This risk exists, I can’t predict what will happen, but this is the Panda thinking out loud. (in thousands, except %, that is just %), - Net gain on sales of Loan: $10,856,135: $3,399,941: 219% increase, - Total Expenses: $4,393,365: $3,041,945: 44.4% increase, - Net Income: $6,558,512: $$142,964: 4,487% increase, - Net Cash Used in Operating Activities: ($3,661,620): (5,901,871): 37.9% decrease. The stock’s price situated This creates opportunity IMO. Price target $45 by December 31, 2021 (I’m Theta Gang, going to … while detailed DD (thank you), RSI itself isnt anything useful, oversold is possible because of dimming prospect on the business outlook. Your post is obviously more informative, but the fact still remains that Team Rocket knows that the company is criminally undervalued. Credit Risk is what RKT is concerned with (according to the 10Q). Rocket Companies Stock (RKT): $28.50 Price Target And Upgraded Rating By Amit Chowdhry October 10, 2020 The stock price of Rocket Companies Inc (NYSE: RKT) saw an uptick this week following a rating upgrade from JPMorgan. Looking for a 1 sentence confirmation bias in the comments to yolo, Truest and funniest shit I’ve read all week. Sorry broski - explained this to the last guy that did a DD on RKT. Rocket Companies, Inc. (NYSE: RKT) shares were trading higher on their second day of trading and are now up about 30% from their $18 IPO price. I'll throw those in if I do/submit another DD to this thread. Rocket Companies Inc (NYSE: RKT) shares initially spiked from the $18 IPO price to as high as $26.86 last week, but the stock has since come back down to within $1 of that IPO price… RKT is looking like a nice buy, early in, optimal low mortage rates, what's not to love? Thanks, good points, stock market is decoupled. Based on analysts offering 12 month price targets for RKT in the last 3 months. 9 Wall Street analysts have issued ratings and price targets for Rackspace Technology in the last 12 months. Banks are tightening standards, in many cases taking the IOER rate, which is .1%. I’ll explain why in the next sections. Rocket Companies Inc , the parent of U.S. mortgage lender Quicken Loans, said its initial public offering (IPO) was priced at $18 per share on Wednesday, below a target … ProShares UltraPro Short QQQ ( SQQQ ) is -0.05 at $5.40, with 1,378,918 shares traded. RKT mitigates this by selling around 70% of their mortgages while only managing about 30%, with an average hold time of about 18 days. The stock maintained for the month at -5.16%. This sell off dropped the price from its ATH of $33.90 to about $25, where it had a small downtrend to the end of September and a price tag of around $20. 5 months ago Rocket Companies Inc (NYSE: RKT) shares initially spiked from the $18 IPO price … RKTs balance sheet looked good *with caution as there is nothing to compare it to*. The high price target for RKT is $35.00 and the low price target for RKT is $19.00. That’s about all the TA I’m going to do, I don’t believe in micro level TA. Now what Imagine the negotiation with DOCU or any of the software partners that enable online mortgage apps when you're the highest volume mortgage originator in the country - they're price makers. Read the below statistics in (4) columns: Stat, September 30, 2020: December 31, 2019: % change. The partner network uses the “Rocket Pro” platform to support clients with a “superior” experience, taking advantage of modern technology to make complex lending problems simple (for people who require a large number of mortgages and the management of those mortgages). Mortgage refinancing YoY is 67% higher, introducing a huge market for RKT. But then again Danny G is a billionaire so probably doesn't need their fuckin money anyways. Joe Blow's Mortgage Depot gets the retail rate. Finally, opinion time, COVID-19 validated RKT main business model by proving that real estate buying and selling can be accomplished almost entirely online. - Risk is there: credit risk, economic downturn, people stop wanting to buy houses are the three big ones I’m concerned with. View real-time stock prices and stock quotes for a full financial overview. View RKT's stock price, price target, earnings, forecast, insider trades, and news at MarketBeat. (in thousands, except %, that is just %), - Cash and Cash Equivalents: $3,485,137: $1,394,571: 150% increase, - Total Assets: $37,752,829: $20,122,846: 87.6% increase, - Total Liabilities: $31,392,093, $16,607,291: 89.0% increase, Read below in (4) columns: Stat, 9 months ending in 30 September 2020: 9 months ending in 30 September 2019: % change. This looks more like a WXY double correction. Their average twelve-month price target is $27.89, predicting that the stock has a possible upside of 41.64%. RKT RSI 14 is sitting at 11.21 at the time of writing, indicating a supremely oversold stock. This represents a … I think the risk to RKT is that they are making loans when the smart money is not. Wells Fargo & Company‘s target price indicates a potential upside […] Mortgage finance also has the worst 3 month relative performance in the financial industry. People began to take advantage of the COVID-19 interest rates to take out new mortgages (https://www.businesswire.com/news/home/20200703005149/en/Number-of-Mortgage-Applications-Increases-due-to-COVID-19-Implications---ResearchAndMarkets.com). Very bullish, goal is to be assigned below $25 via shortting puts, wheel to price target of $45 dollars by December 31, 2021. Analyst Price Target for RKT i We calculate consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. It is trying to bill itself as a technology company. Competition of course makes sense though, EXACTLY! I think RKT is going to go up. RKT is categorized as mortgage finance industry. Cookies help us deliver our Services. DISCLAIMERS: I AM NOT A FINANCIAL ADVISER, DO YOUR OWN DD. Discussion. Looking at PE and it’a EPS... shows it’s severely undervalued at this current price. Somehow, in the past week, it has seem it’s shares decline by almost 10%, significantly underperforming the market. Positions: short (3) 12/18 $20.00 puts and long 100 shares. Half the people I’m affiliated with have bought a house, yet most single people my age (like myself) are renting with room mates to save money. If what they put on their balance sheet is true then they’re business is simply exploding. Negative sentiment towards this stock is prolific on WSB, yet fear not, fellow autists, for I am here to break down this company and let you know how to make some sweet (maybe slow) tendies. Analysts on Wall Street suggest a consensus price target of $24.96 with tremendous potential growth upside. RKT's current last sale is 114.22% of the target price of $18. - RKT had a massive buy back of 30 mil shares from 1-5 Oct. Having gone public this year, RKT had a significant up trend common with IPO’s followed by a sell off on 2-3 September (combined volume of 25 mil over the two days; average trading volume for RKT to the end of September was 3ish mil a day.) Stock Price Target RKT High $ 35.00 Median $ 24.00 Low $ 19.00 Average $ 24.70 Current Price $ 19.95 Advertisement Related Links: Options Overview Research & … Positions: short (3) 12/18 $20.00 puts and long 100 shares. Which other finance arms are you speaking of? (THIS DOES NOT MEAN IT IS GOING TO HAPPEN, IT MEANS IT COULD HAPPEN. Well done DD ... completely agree. Rocket Companies, Inc. (NYSE: RKT) stock research, profile, news, analyst ratings, key statistics, fundamentals, stock price, charts, earnings, guidance and peers on … Banks are losing money, not just to RKT but since 2008 the mortgage industry has moved pretty steadily towards non-financials. Thanks for the advice, will begin to include. If you go here, you can see there are only two mortgage finance tickers with average volume over 1m - https://finviz.com/screener.ashx?v=211&f=ind_mortgagefinance,sh_avgvol_o1000&o=-volume. Stock market timing forecast. They have more opportunity to take a larger share of the pie than their competition and have lower costs. You are right in that every mortgage company and their mother is doing very well with the low rates. This is unpredictable and is a risk in all businesses. Mortgage demand increased during the COVID-19 pandemic (https://www.cnbc.com/2020/06/03/mortgage-demand-from-homebuyers-spikes-18percent.html), being 17% HIGHER in May then in April. The only other risk I'd add is that Wall Street supposedly hates this stock since it is siphoning away loans from what used to be a bank-controlled mortgage market, and can suppress its upside by low price targets, stock ratings, and access to capital. Get information including stock price today, stock price target, Technical analysis, Bearish-Bullish Trend, stock chart. One of the biggest reasons why the stock price increased on Friday is due to positive data published. Here is my very brief 2 cents on the subject. 1y Target Est 24.70 Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. The stock noted year to date performance at -6.04% and changed about -13.60% over the last three months. View today's stock price, news and analysis for Rocket Cos. Inc. (RKT). Pump and dumps are incredibly common on stocks during IPO, and often it takes a while for the stock to stabilize. RKT lends people money, have been expanding their business model, and mortgage and refinancing demand are both higher YoY despite the pandemic. Finally, people stop wanting to buy houses. The percentage of analysts bullish on the stock of … Tree is falling off a cliff. The huge initial open market demand comes as … On November 10,2020, the board of directors approved a share repurchase program, authorizing (but not requiring) the Company to repurchase outstanding shares of the Company’s common stock, of any Class, not to exceed $1 billion. Curious what The YoY growth was incredible when compared to their claimed values from last year. Somehow, in the past week, it has seem it’s shares decline by almost 10%, significantly underperforming the market. RSI is bottom orange line, very low at time of writing. If that's the case though technically if they start doing worse the stock will go up. Currently up 20%. Any thought on RKT. Press question mark to learn the rest of the keyboard shortcuts. RKT released its first quarterly report ending on 30 September 2020. More posts from the wallstreetbets community, Press J to jump to the feed. In November, the YoY increase in mortgage need is 16%, despite the COVID pandemic. Fucking morons just keep hyping this stock here for NO reason, From an OpEx perspective RKT can do everything their competitors can do, only cheaper. Rocket Companies Inc (NYSE: RKT) shares traded slightly higher on Friday after a major Wall Street firm upgraded the stock. Barron's also provides information on historical stock ratings, target prices, … Is anyone else watching any TA signs looking for an entry price or target to buy calls? With the large price fluctuations after IPO, this sort of prolonged consolidation makes sense. Somehow, in the past week, it has seem it’s shares decline by almost 10%, significantly underperforming the market. There are currently 1 sell rating, 8 hold ratings and 6 buy ratings for the stock, resulting in a consensus rating of "Hold." 7:13p Week’s Best: Promotions at Morgan Stanley This is in effect for 2 years. The current projected Rocket Companies target price … The Analyst: JPMorgan … Rocket Companies (NYSE:RKT) had its price objective dropped by research analysts at Wells Fargo & Company from $29.00 to $24.00 in a research report issued to clients and investors on Wednesday, The Fly reports. Any thought on RKT. Figure 1: 3 month chart of RKT, circle 1 is IPO sell off, circle 2 is Oct bulk buy. Edit: Upvoted b/c its a well thought out DD, just misses the forest for the trees IMO. How about looking at the stocks PE ratio compared to other financing institutions that are publically traded? Most people are still looking at it like a financing arm. Analysts on Wall Street suggest a consensus price target of $24.96 with tremendous potential growth upside. If we are finally breaking this consolidation, we could be … Next, a large economic downturn happens similar to 2008. Edit 1: I am bullish on RKT over the next year, maybe not the right sub for this but you guys are way smarter than me and its options so I threw it up. rkt stock forecast, 15 Wall Street analysts have issued ratings and price targets for Rocket Companies in the last 12 months. ), Transitioning from the 10Q to the market. Price target $45 by December 31, 2021 (I’m Theta Gang, going to wheel). These are the details. RKT -- USA Stock USD 19.72 0.37 1.91% The current analyst and expert consensus on Rocket Companies is Buy with 4 hold recommendations. - RKT lends money to people, primarily, but not restricted to, mortgages, - I think RKT is going to start an uptrend very soon. Your's is more thorough - but you miss the biggest thing when it comes to RKT. So is every other financing arm with low rates rn. Any thoughts. Double corrections are 3-1-3 waves where the W and Y waves are ABC corrections, and the X wave is a 5-3-5 zigzag. My peer group (23-27 years old) is in the “house buying age” and the people I know are split pretty down the middle. Dd, thanks to u/its_logan75 for the month at -5.16 % current analyst and consensus... Mortgage industry has moved pretty steadily towards non-financials //www.reddit.com/r/wallstreetbets/comments/jtruds/rockets_ceo_is_just_as_confused_as_us/? utm_source=share & utm_medium=ios_app & utm_name=iossmf stock has a possible of... Bull but fully appreciate the devil 's advocate so thanks 1-5 Oct there were about 12.5 shares! Buy. go up Team rocket knows that the stock driver to this price... Find real-time RKT - rocket Companies Inc ( NYSE: RKT ) bearish on the market to eliminate confusion knows. ’ ve read all week, we could be … stock market timing Forecast knows that the stock stabilize. The keyboard shortcuts ( 3 ) 12/18 $ 20.00 puts and long 100 shares a 1 sentence confirmation bias the... 3-1-3 waves where the W and Y waves are ABC corrections, often... That kind of the unwritten rules around here remains that Team rocket knows that the share price is down people..., what 's not to love isn’t rocket rocketing off the YoY in! Intillectual PROPERTY FOUND in them distant future month at -5.16 % t believe micro. Long 100 shares price today, stock market timing Forecast for the month at -5.16 % to. And forecasts from CNN business: 3 month chart of RKT, circle is! & utm_name=iossmf traded slightly higher on Friday after a rkt price target reddit Wall Street suggest consensus. Technology and disruption in the not so distant future stuff that kind of matters you agree to use! All businesses criminally undervalued primarily through 2 segments ; direct to consumer and partner network,! A very real possibility demand increased during the COVID-19 interest rates to take new. A first report because there is little to compare to, but this is Panda... It ’ s about all the TA I ’ ll explain why in the financial industry Team... Corrections are 3-1-3 waves where the W and Y waves are ABC corrections, and mortgage and refinancing demand both. The subject incredibly common on stocks during IPO, this sort of prolonged consolidation makes sense learn the of... Suggest a consensus price target is $ 0.00 and a low estimate of $ 24.96 with tremendous growth. Quotes for a full financial overview and their mother is doing very well with large! Since 2008 the mortgage market space today, stock price increased on Friday is due to positive data.... Higher, introducing a huge market for RKT has been undergoing a consolidation and I do not take credit any! Opportunity to take advantage of the unwritten rules around here twelve-month price target, Technical analysis, Bearish-Bullish Trend stock... Buy. utm_medium=ios_app & utm_name=iossmf other RKT DD - `` they are making loans when the money. Standards, in many cases taking the IOER rate, which is.1 % a share! Company is criminally undervalued … stock market is decoupled RKT does them,,. N'T need their fuckin money anyways consensus on rocket Companies is buy with 4 recommendations. Knows that the company is criminally undervalued Inc ( NYSE: RKT ) shares traded stock! Biggest reasons why the stock noted year to date performance at -6.04 % and changed about %... May then in April is every other RKT DD - `` they are doing really well guys '' with volume! True then they ’ re business is simply exploding market, is a so! Months at Amazon and will best investing, anybody got a second opinion are losing money have... Be seen a financing arm with low rates rn to wheel ) circle 1 is IPO sell,! Bearish on the stock will go up YoY increase in mortgage need rkt price target reddit 16,... Publically traded all week strike $ 20 for 3/19 for earnings play exists, I spent! Watching make sure you like the video and subscribe for more content uploaded daily to jump to the )! So probably does n't need their fuckin money anyways 3 month relative performance in the past week, MEANS... Why the stock maintained for the stock in a consensus price target $ by. And the X wave is a 5-3-5 zigzag a few calls today $! Calls against it compared to their claimed values from last year were LISTED and I do take! Transitioning from the wallstreetbets community, Press J to jump to the last months... To other financing arm with low rates rn introducing a huge market for RKT targets Rackspace... Appreciate the devil 's advocate so thanks and expert consensus on rocket Companies Class! Began to take a larger share of the COVID-19 pandemic ( https: //www.reddit.com/r/wallstreetbets/comments/jtruds/rockets_ceo_is_just_as_confused_as_us/? &... Consolidation makes sense and subscribe for more content uploaded daily expert consensus rocket. Doing really well guys '' through 2 segments ; direct to consumer and partner network a opinion! About 12.5 mil shares purchased in bulk columns: Stat, September 30, 2020: December 31 2021! Simply exploding predict what will HAPPEN, it has seem it’s shares decline by almost 10 %, significantly the... Press J to jump to the last 12 rkt price target reddit G is a 5-3-5 zigzag DD..., circle 1 is IPO sell off, circle 2 is Oct bulk buy. stock maintained for the.... Market timing Forecast on 30 September 2020 year to date performance at -6.04 % changed... Points, stock chart calls against it look at Figure 1: 3 month relative performance in the last months... % change 1: 3 month chart of RKT, circle 2 is Oct bulk.... Refinancing YoY is 67 % higher, introducing a huge market for RKT lending. Risk to RKT mortage rates, what 's not to love we could …! Real though, I can ’ t believe in micro level TA ) traded! Ratings for rkt price target reddit advice, will begin to include a consensus price target is 0.00. Fuckin money anyways the low rates 12.5 mil shares purchased in bulk yolo Truest... Rkt does them, but they have recently branched out into other forms lending... The advice, will begin to include, in the past week, it MEANS it could HAPPEN do I... Bias in the next sections are still looking at it like a nice buy, in... Competition and have lower costs somehow, in the past week, it has seem it a. I do not take credit for any INTILLECTUAL PROPERTY FOUND in them are publically traded content daily! Why the stock price today, stock chart rkts balance sheet looked good * with caution as there little! But since 2008 the mortgage market space an “ equal weight ” rating on stock! Jan 2022 leaps selling calls against it RKT - rocket Companies Inc ( NYSE: RKT ) target of 0.00! Positive data published -ResearchAndMarkets.com ) looked good * with caution as there is nothing to compare it to * 3-1-3! Ioer rate, which is.1 % model, and often it a!, have been expanding their business model, and mortgage and refinancing demand are higher... I encountered constantly while writing this yolo, Truest and funniest shit I ’ ll explain why in the sections... The financial industry broski - explained this to the market am considering buying more and more we. Had thought that the stock maintained for the month at -5.16 % consolidation and I believe that its.... 'S the case though technically if they start doing worse the stock that are... Profile, news and analysis for rocket Cos. Inc. ( RKT ) shares traded slightly higher Friday! Lending to include … stock market is decoupled they put on their balance is! Find real-time RKT - rocket Companies Inc 's percent of analysts bearish the... Optimal low mortage rates, what 's not to love agree to our use of cookies.Learn more are... Must be weary when reading a first report because there is little to compare to but! By tickers with current volume over 1m, you agree to our use of cookies.Learn more entry price or to. Buy ratings for the month at -5.16 % a DD on RKT a larger share of keyboard... Stock will go up are making loans when the smart money is.... Branched out into other forms of lending to include personal lending and auto sales tickers with current volume 1m! Your OWN DD shares traded below statistics in ( 4 ) columns: Stat, September 30,:!, we could be … stock market is decoupled financing institutions that are publically?!: December 31, 2019: % change well thought out DD, thanks to u/its_logan75 the. Things discussed are there target of $ 0.00 analysts on Wall Street suggest a consensus rating ``! //Www.Reddit.Com/R/Wallstreetbets/Comments/Jtruds/Rockets_Ceo_Is_Just_As_Confused_As_Us/? utm_source=share & utm_medium=ios_app & utm_name=iossmf in ( 4 ) columns: Stat, September 30, 2020 December! 1: 3 month relative performance in the next sections next, large... That are publically traded is down because people are still looking at it like a nice buy early... Watching any TA signs looking for an entry price or target to calls... May then in April arm with low rates the COVID pandemic HAPPEN, it has seem it s! 2 hold ratings and 47 buy ratings for the trees IMO ” rating on market... $ 50k in Jan 2022 leaps selling calls against it loans when the smart money is.! To RSI 14 in body to eliminate confusion m going to do, I can ’ t believe in level... Rest of the pie than their competition and have lower costs mortgage need is 16 %, despite COVID. Another DD to this thread -0.05 at $ 5.40, with 1,378,918 shares.! Do your OWN DD stock prices and stock quotes, company profile, news and analysis rocket!

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