Rkt forecast 2024

**Rocket Companies (RKT) Stock Forecast for 2024**: 1. **Analyst Ratings and Price Targets**: - The consensus rating for RKT is "Neutral" as of June 14, 2024. - There are no analyst price targets available for RKT as of June 14, 2024. 2. **Financial Performance Indicators**: - **Revenue Growth**: The company has experienced a significant year-on-year revenue growth rate of 107.74% as of March 31, 2024. - **Earnings Per Share (EPS)**: The EPS has been volatile, with a significant drop to -$0.15 in the quarter ending March 31, 2024, followed by a recovery to $0.12 by the end of June 2024. - **Net Profit Margin**: The net profit margin has been negative in the quarters ending March 31, 2024, and June 2024, at approximately -61.78% and -14.32%, respectively, indicating significant losses during that period. 3. **Market Sentiment and Forecasts**: - **Short-Term Trend**: The stock has shown mixed signals, with recent gains but also consecutive days of losses, suggesting volatility in the near term. - **Long-Term Outlook**: Over the next 52 weeks, RKT has historically risen by an average of 3.7% based on the past 3 years of stock performance. 4. **Company Developments and News**: - **Strategic Moves**: The company has made significant hires, such as Shawn Malhotra as Chief Technology Officer, which could impact future operations and growth. - **Public Inquiries**: The Consumer Financial Protection Bureau has opened a public inquiry into rising mortgage closing costs, which could influence investor sentiment. In conclusion, while there is no specific 2024 forecast available for Rocket Companies, the historical performance and market sentiment suggest a potential for growth. However, the company's recent financial performance and the current "Neutral" consensus rating indicate a need for caution. Investors should closely monitor the company's financial results, market conditions, and any strategic developments that could impact RKT's performance in the coming year.