Keefe Bruyette Raises PT on Rocket Companies (RKT) to $15 From $14

Rocket Companies, Inc. (NYSE:RKT) is one of the best NYSE stocks to buy under $20. On August 5, Keefe Bruyette raised the firm’s price target on Rocket Companies, Inc. (NYSE:RKT) to $15 from $14, keeping a Market Perform rating on the shares.

A businessperson using a laptop to review the details of a mortgage loan for a client.

The analyst told investors in a research note that the company’s fiscal Q2 earnings are being negatively affected by increased transaction-related expenses.

Rocket Companies, Inc. (NYSE:RKT) reported its fiscal Q2 earnings on July 31, with total revenue net of $1.36 billion and adjusted revenue of $1.34 billion.

Adjusted revenue for the quarter came in above the high end of the company’s guidance range, with GAAP net income for Q2 reaching $34 million and adjusted net income of $75 million.

Rocket Companies, Inc. (NYSE:RKT) provides a range of services related to homeownership and other personal financial transactions. The company’s operations are divided into the Direct to Consumer and Partner Network segments.

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Disclosure: None. This article is originally published at Insider Monkey.