Why Rocket Companies (RKT) Stock Is Down Today

Rocket Companies (RKT) is down 5.0% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely reason for the sell-off is that investors looked past Rocket Companies’ strong second-quarter results and focused on a softer near-term setup. This could be because third-quarter adjusted revenue guidance of $2.5 billion to $2.7 billion came in below the just-reported second-quarter adjusted revenue of $2.76 billion, signaling a possible sequential slowdown in a still-challenging housing market.

Details:

Rocket Companies posted second-quarter 2026 total revenue of $2.78 billion, adjusted revenue of $2.76 billion, and net income of $229 million, showing a sharp improvement from the prior year.

The company guided for third-quarter 2026 adjusted revenue of $2.5 billion to $2.7 billion, which appears lighter than the latest quarter and may have disappointed investors looking for stronger momentum.

Management highlighted that the broader housing recovery has not fully materialized, which can temper expectations even when market share and profitability improve.

Expenses also included sizable bond interest, acquisition-related costs, amortization of acquired intangibles, and a litigation accrual, all of which may have reinforced a more cautious reaction to the report.

Sources:

Rocket Companies Investor Relations, SEC, Fidelity

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

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$RKT Hedge Fund Activity

We have seen 420 institutional investors add shares of $RKT stock to their portfolio, and 473 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CAPITAL WORLD INVESTORS added 69,332,560 shares (+inf%) to their portfolio in Q2 2026, for an estimated $1,091,987,820
CAPITAL INTERNATIONAL INVESTORS added 29,754,919 shares (+814.6%) to their portfolio in Q2 2026, for an estimated $468,639,974
SLATE PATH CAPITAL LP removed 23,152,887 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $364,657,970
FMR LLC added 20,382,974 shares (+64.3%) to their portfolio in Q2 2026, for an estimated $321,031,840
PRICE T ROWE ASSOCIATES INC /MD/ added 15,746,193 shares (+39.8%) to their portfolio in Q2 2026, for an estimated $248,002,539
QUBE RESEARCH & TECHNOLOGIES LTD removed 15,543,677 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $244,812,912
MARSHALL WACE, LLP removed 15,164,567 shares (-97.6%) from their portfolio in Q2 2026, for an estimated $238,841,930

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$RKT Price Targets

Multiple analysts have issued price targets for $RKT recently. We have seen 8 analysts offer price targets for $RKT in the last 6 months, with a median target of $20.0.

Here are some recent targets:

Terry Ma from Barclays set a target price of $17.0 on 07/07/2026
Daniel Kurnos from Benchmark set a target price of $21.0 on 06/30/2026
Bose George from Keefe, Bruyette & Woods set a target price of $20.0 on 06/25/2026
Daniel R. Perlin from RBC Capital set a target price of $20.0 on 05/11/2026
Kyle Joseph from Stephens & Co. set a target price of $22.5 on 04/24/2026
Donald Fandetti from Wells Fargo set a target price of $17.0 on 04/09/2026
Richard Shane from JP Morgan set a target price of $16.5 on 04/09/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.