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ubs maintains neutral rating on rocket companies with 14 dollar price target

UBS has maintained a Neutral rating on Rocket Companies Inc. (NYSE: RKT) with a price target of $14, citing the company's recent strategic acquisition aimed at expanding its housing ecosystem. Despite the acquisition's potential benefits, analysts express concerns over the stock's high valuation compared to peers, with a P/E ratio of 64.1x and a Price/Book ratio of 34.3x. The recent $9.4 billion acquisition of Mr. Cooper Group is expected to enhance Rocket's mortgage servicing capabilities, although analysts from Keefe, Bruyette & Woods and Barclays have issued Underperform and Underweight ratings, respectively, highlighting potential challenges and cost synergies.
Investing.com
Rocket Companies, Inc. Citigroup Inc. USA Jay Brayley Varun Krishna
Business & Industry, Market Report
15:40 01.04.2025

ubs maintains neutral rating for rocket companies amid strategic acquisitions

UBS has reiterated a Neutral rating for Rocket Companies Inc. (NYSE: RKT) with a price target of $14, citing the company's recent strategic acquisition aimed at enhancing its residential ecosystem. Despite the acquisition's potential to bolster growth, analysts express concerns over Rocket's high valuation compared to peers, with a P/E ratio of 64.1 and a price-to-book ratio of 34.3. The company is also set to acquire Mr. Cooper Group in a $9.4 billion all-stock deal, which could position it as a leading mortgage servicer, although analysts from Keefe, Bruyette & Woods and Barclays maintain Underperform and Underweight ratings, respectively, highlighting potential challenges and cost synergies.
Investing.com Deutsch
United States Dollar J.P. Morgan Securities LLC Citigroup Global Markets Holdings Inc. Capped Point to Point Fully Principally Protected Note AAMVXXX Rocket Companies, Inc. Mr. Cooper Group Inc. USA Jay Brayley Varun Krishna Show more
Business & Industry, Market Report
15:36 01.04.2025
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