BofA Lowers Rocket (RKT) Price Target After Q1 Earnings

Rocket Companies, Inc. (NYSE:RKT) is one of the 10 Best Aggressive Growth Stocks to Buy According to Wall Street Analysts. On May 11, BofA Securities cut its price target on Rocket Companies, Inc. (NYSE:RKT) from $19 to $18 and maintained its Buy rating on the stock.

This update came after the company shared its Q1 2026 results. The company reported adjusted revenue of $2.82 billion for the quarter. Rocket Companies, Inc. (NYSE:RKT) said the figure was above the high end of its guidance range.

BofA Lowers Rocket (RKT) Price Target After Q1 Earnings

Additionally, Rocket Companies, Inc. (NYSE:RKT) said that since completing the Mr. Cooper acquisition in October 2025, integration efforts are moving ahead of schedule. The company has reached important milestones like migrating over half of the servicing portfolio to its unified servicing platform. Rocket Companies, Inc. (NYSE:RKT) is on track to achieve its original $400 million expense synergy target and expects to reach the full amount by the end of 2026, which is one year earlier than originally planned.

However, BofA Securities lowered its EPS forecasts for fiscal years 2026 and 2027 to reflect the company’s Q1 results and an updated outlook for the mortgage market.

Rocket Companies, Inc. (NYSE:RKT) is a Detroit-based financial technology and homeownership services company. It operates mortgage, real estate, and personal finance businesses, including Rocket Mortgage, Redfin, Rocket Close, Rocket Money, and Rocket Loans.

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