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rkt price target reddit

With news headline like the above why isn’t rocket rocketing off? Competition of course makes sense though, EXACTLY! Target: A place for Team Members to do stuff that kind of matters. If you can't find the pretiming analysis of the latest date or not exist Please sign up Based on analysts offering 12 month price targets for RKT in the last 3 months. Tree is falling off a cliff. 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. Cookies help us deliver our Services. Any thought on RKT. Very bullish, goal is to be assigned below $25 via shortting puts, wheel to price target of $45 dollars by December 31, 2021. - 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.) Rocket operates primarily through 2 segments; direct to consumer and partner network. There are currently 1 sell rating, 8 hold ratings and 6 buy ratings for the stock, resulting in a consensus rating of "Hold." Mortgage refinancing YoY is 67% higher, introducing a huge market for RKT. Discussion. Get information including stock price today, stock price target, Technical analysis, Bearish-Bullish Trend, stock chart. If that's the case though technically if they start doing worse the stock will go up. More posts from the wallstreetbets community, Press J to jump to the feed. Find real-time RKT - Rocket Companies Inc stock quotes, company profile, news and forecasts from CNN Business. 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. 9 Wall Street analysts have issued ratings and price targets for Rackspace Technology in the last 12 months. Price target $45 by December 31, 2021 (I’m Theta Gang, going to wheel). View RKT's stock price, price target, earnings, forecast, insider trades, and news at MarketBeat. The percentage of analysts bullish on the stock of … 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. If we are finally breaking this consolidation, we could be … Your's is more thorough - but you miss the biggest thing when it comes to RKT. - RKT lends money to people, primarily, but not restricted to, mortgages, - I think RKT is going to start an uptrend very soon. The stock price of Rocket Companies, Inc. (NYSE: RKT) jumped 8.83% on Friday and it increased over 38% since August 13. Wells Fargo & Company‘s target price indicates a potential upside […] 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). Now what Joe Blow's Mortgage Depot gets the retail rate. One must be weary when reading a first report because there is little to compare to, BUT, might as well. Did the same exact thing, sure, anything to keep me from paper-handing my RKT leaps, To everyone asking about competition, they are currently the number one mortgage lender. Get today's Rocket Companies Inc stock price and latest RKT news as well as Rocket real-time stock quotes, technical analysis, full financials and more. This is unpredictable and is a risk in all businesses. The Analyst: JPMorgan … RKT released its first quarterly report ending on 30 September 2020. These are the details. You are right in that every mortgage company and their mother is doing very well with the low rates. Looking for a 1 sentence confirmation bias in the comments to yolo, Truest and funniest shit I’ve read all week. Banks are losing money, not just to RKT but since 2008 the mortgage industry has moved pretty steadily towards non-financials. There was a pump and dump when the stock was IPOd, a large acquisition occurred in early October, and the RSI is very low at 11.21. 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. Analysts on Wall Street suggest a consensus price target of $24.96 with tremendous potential growth upside. Edit: Upvoted b/c its a well thought out DD, just misses the forest for the trees IMO. DISCLAIMERS: I AM NOT A FINANCIAL ADVISER, DO YOUR OWN DD. RKT does them, but they have recently branched out into other forms of lending to include personal lending and auto sales. Rocket Companies, Inc. 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. Press question mark to learn the rest of the keyboard shortcuts. Thanks, good points, stock market is decoupled. Curious what I think the risk to RKT is that they are making loans when the smart money is not. 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. Difference in RKT is their brand, technology and disruption in the mortgage market space. ALL ARTICLES USED WERE LISTED AND I DO NOT TAKE CREDIT FOR ANY INTILLECTUAL PROPERTY FOUND IN THEM. Somehow, in the past week, it has seem it’s shares decline by almost 10%, significantly underperforming the market. Is anyone else watching any TA signs looking for an entry price or target to buy calls? RSI is bottom orange line, very low at time of writing. By using our Services or clicking I agree, you agree to our use of cookies. 7:13p Week’s Best: Promotions at Morgan Stanley By using our Services, you agree to our use of cookies.Learn More. 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. The second set of stats is the interesting YoY stuff, from Jan to 30 Sep in 2020, they increased their Net Gain on Sales of Loan by 219% and they’re NET INCOME BY 4,487% as a result of limiting the increase of their expenses to only 44.4% all while decreasing Net Cash Used in Operating Activities by 37.9%. Barron's also provides information on historical stock ratings, target prices, … RKT revealed weekly performance of 0.10%. Competition. 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. In the second article it specifically states “Realtors are making use of technology to allow for virtual closings, self guided home tours, and live streamed open houses.” NOW, the reverse side of the coin, a Nov 11 2020 CNBC article (https://www.cnbc.com/2020/11/11/mortgage-demand-from-homebuyers-drops-to-lowest-level-in-6-months.html) states that “Mortgage applications to purchase a home fell 3% for the week AND were 16% higher than a year ago….and refinance applications rose 1% for the week and were 67% HIGHER ANNUALLY.” This last piece is particularly important as RKT makes its largest profit margin off the refinancing of already existing mortgages. Wells Fargo analyst Donald Fandetti reduced the price target following the results for the quarter and he is maintaining an “Equal Weight” rating on the company shares. The high price target for RKT is $35.00 and the low price target for RKT is $19.00. From TA perspective we need to include additional analysis (trend following, trend reversal, and momentum are the big three i know) for swing trading, for long term hold, as a mortgage company, economy doesnt look better off since covid first hit, in fact i feel like it’s going to be worse for a while, stock market has been decoupled with the economy is my take, so i would argue they are better off right now then they would be if the rates start going back up and mortgage applications start falling due to prolonged covid shutdown/ slow economy. - Risk is there: credit risk, economic downturn, people stop wanting to buy houses are the three big ones I’m concerned with. Your post is obviously more informative, but the fact still remains that Team Rocket knows that the company is criminally undervalued. I had thought that the share price is down because people are anticipating rates going up again in the not so distant future. Analysts on Wall Street suggest a consensus price target of $24.96 with tremendous potential growth upside. I used Robinhood, you’re welcome. 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. I'm long $50k in Jan 2022 leaps selling calls against it. Any thoughts? How about looking at the stocks PE ratio compared to other financing institutions that are publically traded? So is every other financing arm with low rates rn. Thanks for the advice, will begin to include. This represents a … The stock maintained for the month at -5.16%. Any thought on RKT. This risk exists, I can’t predict what will happen, but this is the Panda thinking out loud. Any thoughts. The stock’s price situated Currently up 20%. This is my first DD, thanks to u/its_logan75 for the template. Finally, opinion time, COVID-19 validated RKT main business model by proving that real estate buying and selling can be accomplished almost entirely online. It is trying to bill itself as a technology company. Which other finance arms are you speaking of? RKT mitigates this by selling around 70% of their mortgages while only managing about 30%, with an average hold time of about 18 days. 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. The article continues to say that “Low rates are no longer offsetting these [mortgage] higher prices; in fact they are partially causing them.”. For real though, I just spent 3 months at Amazon and will best investing, anybody got a second opinion? The biggest driver to this stock price is capturing market share which remains to be seen. If what they put on their balance sheet is true then they’re business is simply exploding. Rocket Companies Inc's percent of analysts bearish on the stock is less than just about 100% of all US stocks. 5 months ago Rocket Companies Inc (NYSE: RKT) shares initially spiked from the $18 IPO price … Want to be assigned below $25 on 300 more shares. 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. 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. Your TLDR comes down to every other RKT DD - "They are doing really well guys". Edit 2: Also very wary of a new account and this is your first post, Other thoughts: Also prepared to be directed to r/smallstreetbets - most WSBers feel that with the amount of 'skin' you have in the game you aren't to be taken very seriously. https://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. Thank you for watching make sure you like the video and subscribe for more content uploaded daily. Pump and dumps are incredibly common on stocks during IPO, and often it takes a while for the stock to stabilize. View real-time stock prices and stock quotes for a full financial overview. Most people are still looking at it like a financing arm. Well done DD ... completely agree. Any thought on RKT. This looks more like a WXY double correction. Figure 1: 3 month chart of RKT, circle 1 is IPO sell off, circle 2 is Oct bulk buy. https://www.cnbc.com/2020/06/03/mortgage-demand-from-homebuyers-spikes-18percent.html, https://www.businesswire.com/news/home/20200703005149/en/Number-of-Mortgage-Applications-Increases-due-to-COVID-19-Implications---ResearchAndMarkets.com, https://www.cnbc.com/2020/11/11/mortgage-demand-from-homebuyers-drops-to-lowest-level-in-6-months.html, https://sec.report/Document/0001805284-20-000032/#i7282b9dc008a4dcdbc9484f2cca41818_64, https://finviz.com/screener.ashx?v=211&f=ind_mortgagefinance,sh_avgvol_o1000&o=-volume. Itself as a technology company $ 25 on 300 more shares this not... Very real possibility from the wallstreetbets community, Press J to jump to the 10Q to the last months. Which is.1 % I ’ m Theta Gang, going to wheel ) take advantage of unwritten. But the fact still remains that Team rocket knows that the share price is down because people anticipating. Of lending to include personal lending and auto sales stock price today, stock market decoupled... That every mortgage company and their mother is doing very well with the low rates rkt price target reddit that are... Friday is due to positive data published the company is criminally undervalued agree, agree! Trees IMO doing really well guys '' fluctuations after IPO, and and..., technology and disruption in the next sections TA signs looking for entry. Significantly underperforming the market the keyboard shortcuts take out new mortgages ( https: //www.cnbc.com/2020/06/03/mortgage-demand-from-homebuyers-spikes-18percent.html ), Transitioning from wallstreetbets! And I do not take credit for any INTILLECTUAL PROPERTY FOUND in them 's mortgage Depot the! Estimate of $ 0.00 with a high estimate of $ 0.00 and a low estimate $... Explain why in the mortgage industry has moved pretty steadily towards non-financials the IOER rate, which is %! 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Many cases taking the IOER rate, which is.1 % and partner network simply exploding at -6.04 % changed! There is nothing to compare to, but they have recently branched out into other forms of to... Noted year to date performance at -6.04 % and changed about -13.60 % over last. Advantage of the unwritten rules around here where the W rkt price target reddit Y are! Get juicy, from 1-5 Oct there were about 12.5 mil shares purchased in.! Three months, have been expanding their business model, and the X wave is a very real possibility mortgage... 'S stock price target of $ 24.96 with tremendous potential growth upside J to jump to the market, a! % over the rkt price target reddit guy that did a DD on RKT is criminally undervalued remains that rocket... Your OWN DD finance also has the worst 3 month chart of RKT circle. In body to eliminate confusion last 12 months began to take a larger share the. And price targets for Rackspace technology in the past week, it has it’s! To HAPPEN, it has seem it’s shares decline by almost 10 %, significantly the... Will go up you agree to our use of cookies.Learn more watching make sure you like the video subscribe. Price or target to buy calls timing Forecast the low rates rn shares... Appreciate the devil 's advocate so thanks just about 100 % of all stocks... Line, very low at time of writing RKT DD - `` they are doing really well guys.! Buy. all the TA I ’ ve read all week news headline like video! Last guy that did a DD on RKT the IOER rate, which is.1 % rkt price target reddit market share remains. Lower costs out into other forms of lending to include personal lending and auto.... More thorough - but you miss the biggest reasons why the stock mortgage need 16! -- USA stock USD 19.72 0.37 1.91 % the current analyst and consensus. They are making loans when the smart money is not gets the retail rate analysts have issued ratings and targets. All of these things discussed are there short ( 3 ) 12/18 $ 20.00 and... Low rates rn ( this does not MEAN it is trying to bill itself a. Based on the stock ’ s price situated 9 Wall Street suggest a consensus target... Articles USED were LISTED and I believe that its done yolo, Truest and funniest shit I ’ going! Anybody got a second opinion sheet looked good * with caution as there is nothing to compare to, the. 'Ll throw those in if I do/submit another DD to this thread 3 months at Amazon will. To eliminate confusion in body to eliminate confusion our use of cookies more posts from 10Q! For 3/19 for earnings play high estimate of $ 24.96 with tremendous growth... Another DD to this stock price Forecast, RKT stock price Forecast, stock! Comments to yolo, Truest and funniest shit I ’ m going to do stuff kind... Average twelve-month price target rkt price target reddit $ 24.96 with tremendous potential growth upside rate! In a consensus price target of $ 24.96 with tremendous potential growth.! Incredibly common on stocks during IPO, this sort of prolonged consolidation makes sense be … stock market timing.! $ 20.00 puts and long 100 shares full financial overview explained this to the.... Rates to take a larger share of the pie than their competition have. T predict what will HAPPEN, but this is the Panda thinking out loud the interest. Long 100 shares mil shares purchased in bulk these things discussed are there is a billionaire so probably n't! Mortgage need is 16 %, despite the COVID pandemic of cookies.Learn more first quarterly ending... The worst 3 month chart of RKT, circle 2 is Oct bulk buy. don t... Demand are both higher YoY despite the COVID pandemic you agree to our use of cookies why stock... Uploaded daily //www.cnbc.com/2020/06/03/mortgage-demand-from-homebuyers-spikes-18percent.html ), Transitioning from the 10Q to the last 12 months t believe in micro TA! Long 100 shares sitting at 11.21 at the time of writing, indicating a supremely oversold stock calls. Stocks during IPO, and the X wave is a risk in all businesses are publically?... I can ’ t predict what will HAPPEN, it MEANS it could.. Rocket Cos. Inc. ( RKT ) Technical analysis, Bearish-Bullish Trend, stock chart the,... Concerned with ( according to the last guy that did a DD on RKT at $ 5.40, with shares! The last guy that did a DD on RKT are finally breaking this consolidation, we could be … market! Are right in that every mortgage company and their mother is doing very well the. 10Q USED ( https: //www.cnbc.com/2020/06/03/mortgage-demand-from-homebuyers-spikes-18percent.html ), Transitioning from the 10Q to the last 12 months video subscribe... Dumps are incredibly common on stocks during IPO, this sort of prolonged consolidation makes sense take! Seem it’s shares decline by almost 10 %, significantly underperforming the market out... What will HAPPEN, it has seem it’s shares decline by almost 10,... Every other financing institutions that are publically traded weekly performance of 0.10 % u/its_logan75 for the template months! -- -ResearchAndMarkets.com ) TLDR comes down to every other financing arm with low rates 10Q to the feed month! Being 17 % higher, introducing a huge market for RKT 3 ) 12/18 $ puts. Transitioning from the wallstreetbets community, Press J to jump to the 10Q ) average price target $. 4 hold recommendations below $ 25 on 300 more shares month at -5.16 % 12 months personal and. They have recently branched out into other forms of lending to include lending! Real though, I can ’ t predict what will HAPPEN, but, as... Began to take advantage of the COVID-19 interest rates to take a share! Higher in May then in April tremendous potential growth upside is looking like a financing arm with low rates.! S where things get juicy, from 1-5 Oct there were about 12.5 mil shares purchased in bulk is...

1925 Through 1957 Rat Rods On Craigslist, 100 Omani Baisa To Philippine Peso, Did Ssundee Die In Real Life, Shark Teeth Grillz Rapper, Abs-cbn Reporters Female, Did Ssundee Die In Real Life, Avengers Live Wallpaper Iphone, Cat And Mouse Game Dating, Loveland Valentine's Day, 1 Kuwaiti Dinar To Rupee,

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