Rocket Companies Intrinsic Value Calculator – Argus Upgrades Rocket Companies as Potential Market Share Gains Valued Fairly

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Argus recently upgraded its outlook on Rocket Companies ($NYSE:RKT), the parent company of Rocket Mortgage and Quicken Loans. The analysts at Argus highlighted potential market share gains and a fairly valued stock as reasons for the improved rating. It is one of the largest providers of mortgages in the United States. It also offers consumer banking, auto loans, insurance, and wealth management services.

In addition, it has an online lending platform, Rocket Loans, which provides customers with access to quick financing. By leveraging its broad network of agents, brokers, and lenders, the company has potential to expand its customer base beyond its current offerings. In addition, Argus believes the stock is fairly valued at its current price. They cite the strong fundamentals of the business, such as their low customer acquisition costs, their expanding suite of services, and their strong brand recognition. With their expanding suite of services, low customer acquisition costs, and strong brand recognition, the company has great potential for continued success.

Price History

On Monday, Rocket Companies (ROCKET COMPANIES) stock opened at $8.1 and closed at $8.3, up 1.6% from its previous closing price of 8.2. This increase in stock price came after Argus upgraded the company’s stock rating to Buy. They also highlighted the company’s strong technology platform and increasing customer base as potential catalysts for long-term growth. With no major news released on Monday, the stock’s rise was attributed to the market’s positive sentiment towards Rocket Companies and its future prospects. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Rocket Companies. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Rocket Companies. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Rocket Companies. More…

Key Ratios Snapshot

Some of the financial key ratios for Rocket Companies are shown below. More…

Analysis – Rocket Companies Intrinsic Value Calculator

At GoodWhale, we conducted an analysis of ROCKET COMPANIES‘ wellbeing. Our proprietary Valuation Line revealed that the fair value of ROCKET COMPANIES share is around $13.4, yet the stock is currently trading at $8.3, representing a 37.9% undervaluation. This presents a great opportunity for investors to get in on the action and benefit from the upside of ROCKET COMPANIES’ potential growth. Our team of analysts believe that ROCKET COMPANIES is well positioned to expand and thrive in the future, and this could be an ideal time to jump on board. More…

Peers

Its competitors include Ocwen Financial Corp, Federal National Mortgage Association Fannie Mae, Home Capital Group Inc.

– Ocwen Financial Corp ($NYSE:OCN)

Ocwen Financial Corporation is a financial services holding company that, through its subsidiaries, originates and services loans. The Company’s segments include Servicing, Lending, Real Estate Owned (REO), Investment Management and Corporate.

– Federal National Mortgage Association Fannie Mae ($OTCPK:FNMA)

As of 2022, Fannie Mae has a market cap of 584.66M. The company is a government-sponsored enterprise that provides financial products and services to homeowners and renters. Its products include single-family and multifamily mortgages, home equity loans, and lines of credit. Fannie Mae was founded in 1938 and is headquartered in Washington, D.C.

– Home Capital Group Inc ($TSX:HCG)

As of 2022, Home Capital Group Inc has a market cap of 982.97M. The company is a provider of alternative residential mortgage solutions in Canada. Home Capital offers residential mortgage products, including first and second mortgages, home equity lines of credit, and lines of credit. The company was founded in 1954 and is headquartered in Toronto, Canada.

Summary

Investing analysis of Rocket Companies (RKT) has been positive as of late. Argus recently upgraded the company, citing potential share gains in the market. They have noted that the stock currently trades at a fair valuation, opening up potential growth opportunities. Analysts suggest that RKT may be an attractive investment due to the company’s broad range of financial services offerings, such as mortgages, home equity loans, and auto loans.

Additionally, the company’s innovative digital platforms and technology have helped to increase customer reach and awareness. With an expanding customer base, RKT is well positioned for long-term growth and profitability.