Rocket Companies, Inc

Section 1: Company Fundamentals

1.1 Company Overview and Performance summary

Company Overview:

Rocket Companies, Inc (NYSE: RKT) is a fintech-driven financial services company offering an integrated platform across mortgage lending, real estate, personal finance, title and closing services, and personal loans through brands such as Rocket Mortgage, Redfin, Rocket Close, Rocket Money, and Rocket Loans. The company operates through two primary segments: Direct to Consumer, where customers engage digitally or through mortgage bankers for home financing solutions, and Partner Network, which supports brokers, financial institutions, and enterprise partners through Rocket Pro and strategic collaborations. Its platform is designed to streamline the homeownership and financial management experience through technology-enabled solutions and customer-focused services.

This US Inflation Report covers the Company Overview & Price performance, Summary table, Key positives & negatives, Key metrics, Company details, technical guidance & Stock recommendation, and Price chart.

Price Performance:

• Rocket Companies is currently exhibiting a weak-to-neutral technical structure following a sustained correction from highs near the USD 24 level.
• The stock is trading below both the 20-day moving average (USD 15.20) and the 50-day moving average (USD 15.09), indicating continued short-term selling pressure and a weak broader trend.
• Recent price action suggests consolidation within the USD 14–15 range after an extended decline, reflecting cautious market sentiment and limited bullish momentum.
• The RSI is hovering near 38, signaling weak momentum and indicating that the stock is approaching oversold territory without confirming a strong reversal.
• Trading volumes remain relatively moderate during the consolidation phase, suggesting the absence of aggressive buying activity despite the correction from previous hig

1.2 Summary Table

1.3 The Key Positives & Negatives

1.4 Key Metrics

Rocket Companies’ margin profile remained highly volatile across FY21–FY25, reflecting changing mortgage market dynamics, refinancing trends, interest rate movements, and the company’s ongoing platform transformation. In FY21, the company delivered exceptionally strong profitability, with EBITDA margin at 56.2%, operating margin at 55.5%, and net margin at 46.1%, supported by historically low interest rates, elevated refinancing activity, strong mortgage origination volumes, and robust gain-on-sale margins during the pandemic-driven housing boom. Profitability moderated sharply in FY22 as EBITDA margin declined to 22.6%, operating margin to 21.0%, and net margin to 11.7%, mainly due to rising interest rates, softer refinancing demand, normalization in housing activity, and higher operating costs. Margin pressure intensified further in FY23, with EBITDA margin falling to 5.2%, operating margin to 2.5%, and net margin turning negative at -9.7%, reflecting a difficult mortgage environment marked by weaker affordability, lower loan origination volumes, MSR valuation fluctuations, and continued investment in technology and platform expansion. In FY24, the company recorded a meaningful recovery, with EBITDA margin improving to 26.3%, operating margin to 24.5%, and net margin to 11.7%, supported by stronger servicing income, improved operating leverage, cost optimization initiatives, diversified revenue streams, and AI-led efficiency gains. However, in FY25, profitability weakened again at the bottom-line level, as EBITDA margin moderated to 22.5%, operating margin declined to 13.4%, and net margin slipped to -3.3%, largely due to higher interest expense, acquisition and integration-related costs associated with Redfin and Mr. Cooper, amortization expenses, and continued investments in AI infrastructure and ecosystem integration.

Section 2: Rocket Companies, Inc (NYSE: RKT) (“Buy” at the closing market price of USD 14.15, as of May 07,2026)

2.1 Company Details

2.2 Technical Guidance and Stock Recommendation  

Markets are trading in a highly volatile zone currently due to certain macroeconomic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is May 07, 2026. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: The report publishing date is as per the Pacific Time Zone.

Technical Indicators Defined: -

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

 Resistance: A level at which the stocks prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.

 Stop-loss: It is a level to protect against further losses in case of unfavorable movement in the stock prices.