Rocket Companies Inc ($RKT) Stock Forecast: Down 11.2% Today

What is Rocket Companies Inc?

Rocket Companies (RKT) is a prominent player in the mortgage industry, offering a wide range of financial services including Rocket Mortgage, one of the largest online mortgage lenders in the United States. Today, the stock experienced a significant bearish movement.

Why is Rocket Companies Inc going down?

RKT stock is down 11.2% on Jan 30, 2026 14:40

• Allegations of illegal practices including steering homebuyers towards higher-cost loans and inflating home prices through class-action lawsuits against Rocket Companies have unsettled investor confidence, resulting in the bearish market movement.
• Investor concerns regarding the company's ethical standards and potential legal consequences from the negative publicity surrounding the lawsuits are contributing factors to the downward trend in the stock price.
• Despite Rocket Companies' denials of the accusations and their confidence in their stance, uncertainties and legal risks linked to the lawsuits are exerting significant pressure on the stock and fueling the bearish sentiment.
• The collaboration with Redfin in a Super Bowl commercial featuring Lady Gaga, aimed at highlighting themes of home and community, might not have sufficiently counteracted the adverse effects of the legal challenges on Rocket Companies' stock performance.

RKT Price Chart

RKT Technical Analysis

RKT News

Homebuyers File Class-Action Lawsuit Against Rocket Companies

A class-action lawsuit has been filed against Rocket Mortgage and its affiliates, alleging that they coerced real estate agents into steering homebuyers towards Rocket Mortgage for financing, even when the terms were disadvantageous. The lawsuit, filed by Hagens Berman, claims that Rocket's alleged scheme involved funneling leads to agents who then pressured clients to use Rocket's mortgage services in exchange for referral fees. Rocket Companies has denied the allegations, stating they will dispute them and are confident in being vindicated.

https://themortgagepoint.com/2026/01/28/homebuyers-file-class-action-lawsuit-against-rocket-mortgage-affiliated-companies/

Lady Gaga Channels Community with 'Won't You Be My Neighbor?' Cover in Rocket and Redfin's Super Bowl LX Teaser

Lady Gaga has recorded a cover of "Won't You Be My Neighbor?" for Rocket and Redfin's Super Bowl LX commercial, marking Redfin's first appearance in the Super Bowl. The campaign, which includes a 60-second commercial, aims to promote themes of home, community, and connection, building on the success of Rocket's previous "Own the Dream" Super Bowl campaign. Lady Gaga expressed honor in reimagining the classic for the campaign, emphasizing the message of neighborliness.

https://www.sahmcapital.com/news/content/lady-gaga-channels-community-with-wont-you-be-my-neighbor-cover-in-rocket-and-redfins-super-bowl-lx-teaser-2026-01-27

Lawsuit Accuses Rocket Mortgage Of Steering Borrowers To Higher-Cost Loans

A class-action lawsuit has been filed against Rocket Companies, including Rocket Mortgage, alleging they illegally steered homebuyers into higher-cost loans. The suit, filed by Hagens Berman, claims Rocket funneled real estate leads to agents who were then pressured to direct clients to Rocket Mortgage, limiting consumer choice and inflating housing costs. Rocket Companies denies the allegations, stating they are a "complete retread" of previously dismissed claims and that they will be vindicated.

https://nationalmortgageprofessional.com/news/lawsuit-accuses-rocket-mortgage-steering-borrowers-higher-cost-loans

Rocket faces new class action over alleged mortgage steering

Rocket Companies and its affiliates are facing a new consumer class action lawsuit alleging they ran a nationwide steering scheme that pushed borrowers into higher-cost Rocket Mortgage loans and inflated home prices. The lawsuit claims that Rocket Homes' referral network directed agents to favor Rocket financing over cheaper alternatives, violating agents' fiduciary duties and RESPA. Rocket has denied the allegations, stating they are a "complete retread" of an earlier dismissed CFPB case.

https://www.mpamag.com/us/mortgage-industry/industry-trends/rocket-faces-new-class-action-over-alleged-mortgage-steering/563282

Hagens Berman: Homebuyers Sue Rocket Mortgage and Affiliated Companies in Class Action Alleging Illegal Practices Inflating Home Prices

A new class-action lawsuit has been filed against Rocket Mortgage and affiliated companies by Hagens Berman, alleging that the lending conglomerate forced agents to steer clients to Rocket Mortgage, leading to inflated home prices. The lawsuit claims Rocket's practices, including referral fees and requiring agents to steer clients, exploited homebuyers by pushing them into disadvantageous loan terms. Hagens Berman estimates hundreds of thousands of consumers have been affected and seeks treble damages, disgorgement, and injunctive relief.

https://aijourn.com/hagens-berman-homebuyers-sue-rocket-mortgage-and-affiliated-companies-in-class-action-alleging-illegal-practices-inflating-home-prices/

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Rocket Companies Inc Price History

30.00.2026 - RKT Stock was down 11.2%

• Allegations of illegal practices including steering homebuyers towards higher-cost loans and inflating home prices through class-action lawsuits against Rocket Companies have unsettled investor confidence, resulting in the bearish market movement.
• Investor concerns regarding the company's ethical standards and potential legal consequences from the negative publicity surrounding the lawsuits are contributing factors to the downward trend in the stock price.
• Despite Rocket Companies' denials of the accusations and their confidence in their stance, uncertainties and legal risks linked to the lawsuits are exerting significant pressure on the stock and fueling the bearish sentiment.
• The collaboration with Redfin in a Super Bowl commercial featuring Lady Gaga, aimed at highlighting themes of home and community, might not have sufficiently counteracted the adverse effects of the legal challenges on Rocket Companies' stock performance.

03.04.2024 - RKT Stock was up 6.7%

• Rocket Companies (RKT) delivered impressive Q1 2024 results, exceeding both earnings per share (EPS) and revenue expectations.
• The positive earnings call transcript and surpassing revenue forecasts contributed to an upward revision of the target price for RKT shares.
• The strong earnings growth demonstrated by Rocket Companies in Q1 2024 likely fueled investor optimism and propelled the stock price upwards.
• Beating analyst estimates suggests strong operational performance and market demand for Rocket Companies' services, boosting investor confidence and driving the stock price surge.

07.04.2024 - RKT Stock was up 5.6%

• The appointment of AI innovator Shawn Malhotra as Chief Technology Officer underscores Rocket Companies' dedication to technological progress, likely enhancing investor trust in the company.
• A substantial purchase of company shares by a director signals optimism among insiders regarding Rocket Companies' future, positively impacting market sentiment.
• With an increased target set for Rocket Cos shares following robust 1Q24 results, it indicates that the company's financial performance surpassed forecasts, attracting more investor attention and driving up the stock price.
• Rocket Companies outperforming EPS and revenue expectations for Q1 2024 in its recent earnings update further reinforces investor confidence in the company's growth path, contributing to the stock's upward movement.

23.04.2024 - RKT Stock was down 5.0%

• The director buying shares worth $4605 might not have been significant enough to offset the bearish market sentiment.
• Other factors such as overall market conditions or specific company news could have contributed to the strong bearish movement in RKT.
• Investors might be reacting to broader economic indicators or industry-specific challenges, leading to the downward pressure on RKT's stock price.
• While insider buying can sometimes signal confidence in a company, in this case, it seems to have been overshadowed by other negative factors impacting RKT's performance.

14.04.2024 - RKT Stock was up 6.3%

• The recent purchase of shares exceeding $4k by Matthew Rizik, a director at Rocket Companies, could have influenced the bullish trend in RKT stock. This gesture by an insider may have boosted confidence and optimism among investors.
• Moreover, the appointment of a chief technology officer and the company's emphasis on expanding its AI initiatives may have generated excitement among traders. Rocket Companies' commitment to technological advancements and innovation likely appealed to investors seeking growth potential in the technology-driven financial industry.
• In summary, the combination of insider trading and strategic technological advancements is believed to have fueled the strong bullish momentum in RKT stock today. The market's positive response indicates a favorable outlook towards the company's growth trajectory and advancements.

03.06.2024 - RKT Stock was up 5.1%

• Rocket Companies (RKT) experienced a strong bullish movement today.
• The appointment of Heather Lovier as the new Chief Operating Officer of Rocket Companies could have instilled confidence in investors, signaling a strong leadership transition.
• The streamlining of credit operations and bolstering of finance strategy by Rocket Companies might have contributed to the positive market sentiment.
• As investors look for opportunities amid a market with hints of unease, Rocket Companies' recent developments seem to have positioned it favorably for growth, attracting bullish interest.

12.05.2024 - RKT Stock was up 8.9%

• The bullish movement in RKT could be connected to the positive momentum in the overall market, with the Nasdaq and S&P reaching record highs and Apple achieving a new all-time high. This positivity likely impacted RKT as well.
• The market's favor towards tech and growth stocks, exemplified by the rise in Apple and other tech firms, may have had a favorable impact on RKT's performance.
• RKT's gain might also stem from internal company factors or encouraging developments within the mortgage or lending industry, boosting investor trust in the stock.
• In general, RKT's upward trajectory today appears to align with broader market trends and the optimistic outlook on technology and growth sectors.

01.06.2024 - RKT Stock was down 4.5%

• The appointment of Heather Lovier as the new COO of Rocket Companies may have caused uncertainty among investors, leading to a sell-off of RKT shares.
• Potential overvaluation in certain stocks could have triggered a broader market correction, impacting RKT negatively.
• The focus on WNBA partnerships by other companies may have diverted investor attention away from Rocket Companies, contributing to the bearish movement in RKT's stock price today.

19.06.2024 - RKT Stock was down 5.1%

• RKT stock has surged approximately 17% in the last five trading sessions.
• The speculation of a potential cut in benchmark interest rates by the Federal Reserve, even before inflation reaches 2%, has positively impacted RKT stock as well as related companies like Re/Max and Redfin.
• Investors have initially shown hesitation due to high real estate prices and historical housing crises. However, the possibility of reduced borrowing costs stimulating housing demand has driven the recent rise in RKT stock.

16.00.2026 - RKT Stock was up 5.6%

• The launch of the RKTL ETF by Defiance ETFs, offering 2X long exposure to RKT, likely attracted bullish sentiment and increased trading activity.
• The leveraged nature of the ETF may have enticed knowledgeable investors looking for short-term magnified gains in RKT's share price.
• The introduction of this ETF suggests a growing interest in RKT among active traders seeking to capitalize on daily market movements, potentially contributing to the stock's strong bullish movement today.

05.07.2024 - RKT Stock was up 7.6%

• Rocket Companies stock reached a 52-week high of $17.55, reflecting significant investor confidence and positive outlook on the company.
• In the Q2 2024 earnings release, Rocket Companies exceeded revenue and earnings per share (EPS) projections, indicating strong financial performance that likely influenced the stock's upward trend.
• The announcement of an upcoming Investor Day in September has also generated optimism and interest among investors regarding the company's future.
• Rocket Companies' impressive financial results and strategic initiatives appear to have driven the positive momentum in its stock price.

02.07.2024 - RKT Stock was up 8.9%

• Rocket Companies (RKT) witnessed a significant upward trend in its stock price following the release of its Q2 2024 earnings.
• The company surpassed estimates with an earnings per share (EPS) of $0.06 and generated revenue of $1.3 billion, surpassing projections. This positive financial outcome likely contributed to the stock's upward movement.
• Investors responded positively to Rocket Companies' notable growth in loan originations, EBITDA performance, and the announcement of an upcoming Investor Day scheduled for September. These factors, combined with the better-than-expected financial results, appear to have fueled investor confidence and driven the stock price up.
• In summary, Rocket Companies' strong financial performance and strategic initiatives have seemingly boosted investor trust, resulting in the increase in the stock price.