Morgan Stanley upgrades Rocket Companies to overweight, raises target to $19
2026-07-16 13:12:35
According to CNBC, Morgan Stanley upgraded Rocket Companies to overweight from equal weight and lifted its price target to $19 from $18, implying roughly 30% upside from Wednesday's close. Analyst Jeffrey Adelson said the mortgage-focused fintech has favorable risk-reward and tends to outperform after peak negativity around higher rates, while continued share gains and operating leverage could support stronger earnings per share growth. Shares of Rocket, the owner of Redfin and Rocket Loans, have fallen nearly 25% year to date. Mortgage rates rose last week to their highest level since August 2025, and mortgage market volatility has been elevated.
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