RKT Price Prediction Next Week
Technical Analysis: RKT shows a strong bullish momentum with recent price action breaking above key resistance levels. The stock has surged from $11.00 to $13.20 over the past week, with increasing volume supporting the upward move.
News Sentiment Analysis:
- Significant bullish options activity with 9,410 calls trading (1.8x expected volume) and implied volatility rising to 64.14%
- Strong institutional interest focused on Apr-25 13 calls and 2/28 weekly 13 calls
- Very low Put/Call ratio of 0.10 indicates overwhelmingly bullish sentiment
- Upcoming catalyst: Earnings report on February 27th
Price Projection for Next Week: Based on technical indicators and options flow analysis, RKT is likely to continue its upward momentum:
Target Prices:
- Support: $12.65 (recent low)
- Resistance: $14.50 (next psychological level)
- Most likely range: $13.20-$14.00
Trading Recommendation: BUY
- Entry point: Current price ($13.20)
- Stop loss: $12.50
- First target: $14.00 (+6.1%)
- Second target: $14.50 (+9.8%)
The strong options activity and upcoming earnings catalyst suggest continued upward momentum. The stock is showing clear bullish technical signals with increasing volume supporting the move.
RKT Similar Chart Price Prediction
The price of RKT is predicted to go up 4.58%, based on the high correlation periods with ENJ. The similarity of these two price pattern on the periods is 96.53%.
RKT
ENJ
Up: 4.58%Similarity: 96.53%
RKT Revenue Forecast
RKT EPS Forecast
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RKT VS S&P500
Rocket's scale and financial resources leaves its well equipped to weather the difficult operating climate facing mortgage lenders.
Rocket has been able to significantly reduce its operating costs since 2021, helping mitigate the damage from falling revenue in a weak mortgage market.
Rocket has been able to sign major partnerships to expand its partner network. Deals with Morgan Stanley and Intuit's Mint represent major wins for the company.
RKT Analyst's Forecast
Douglas Harter
UBS
Strong Sell → Hold
2025-01-10
Price Target
$13 → $12
Upside
+11.87%
UBS upgraded Rocket Companies to Neutral from Sell with a $11.50 price target.
Bose George
Keefe, Bruyette & Woods
Sell
2025-01-03
Price Target
$12 → $11
Downside
-0.76%
James Faucette
Morgan Stanley
Hold
2024-12-19
Price Target
$16 → $13
Upside
+11.78%
