StoneX cuts target for Rocket Companies stock to USD 16.00

Published on 10/16/2026 at 02:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Rocket Companies reported USD 2.76 billion revenue, up 91.9 percent year over year. Results arrive for Rocket Companies stock on October 29, 2026.

Analyst revisions and reporting date

StoneX lowered its Rocket Companies target from USD 19.00 to USD 16.00 on October 12, 2026.
Second-quarter revenue reached USD 2.76 billion, up 91.9 percent year over year.
Rocket Companies is scheduled to report third-quarter results on October 29, 2026.

RKT, US77311W1018, Illustration mit AI erstellt.

Rocket Companies (US77311W1018) faces a lower StoneX price target after the research firm cut its view from USD 19.00 to USD 16.00 on October 12, 2026, according to Investing.com. The revision keeps a Buy rating but puts greater weight on higher rates and softer mortgage-market assumptions.

Targets move lower

StoneX modeled third-quarter revenue of USD 2.50 billion, at the low end of Rocket Companies' USD 2.50 billion to USD 2.70 billion guidance, and adjusted EBITDA of USD 604.00 million versus consensus of USD 743.00 million, Investing.com reported. The estimates show why the target cut matters: the issue is not only valuation, but also the earnings sensitivity of mortgage volumes and margins.

Rocket Companies reported USD 2.76 billion of second-quarter revenue, up 91.9 percent from the prior-year quarter, while adjusted diluted earnings per share reached USD 0.16 against a USD 0.17 expectation, according to MarketBeat. Revenue therefore came in USD 0.05 billion below the USD 2.81 billion estimate, even as the company described the quarter as its most profitable in four years.

Three target changes in order

On August 6, 2026, Rocket Companies reported USD 2.76 billion in second-quarter revenue and adjusted diluted earnings per share of USD 0.16, according to MarketBeat. On October 5, 2026, Barclays cut its target from USD 17.00 to USD 15.00 while retaining an Overweight rating, the same source reported. On October 12, 2026, StoneX cut its target from USD 19.00 to USD 16.00 and maintained Buy, according to Investing.com.

What does the target cut mean?

The move from USD 19.00 to USD 16.00 represents a 15.79 percent reduction in StoneX's target. The firm still sees a path through market-share gains and Rocket's servicing base, but its USD 604.00 million adjusted EBITDA estimate sits USD 139.00 million below consensus for the third quarter, according to Investing.com.

Next reporting date

Rocket Companies is scheduled to report its third-quarter results on October 29, 2026, after the market close, according to Investing.com. That release should test whether the company can stay within its USD 2.50 billion to USD 2.70 billion revenue guidance.

Rocket's platform remains broad

Rocket Companies operates a homeownership and personal-finance platform spanning mortgage lending, real estate and consumer finance, including Rocket Mortgage, Redfin, Rocket Close, Rocket Money and Rocket Loans, according to the company's investor-relations page. Its market capitalization stood at USD 31.3 billion as of October 15, 2026.