Rocket Companies Inc Ordinary Shares Class A

RKT: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Rocket Companies: Increasing Our Valuation as Lower Interest Rates Set the Stage for Better Results

Michael Miller

Oct 15, 2024

We are increasing our fair value estimate for narrow-moat-rated Rocket Companies to $16.00 from $14.50 as we expect the company’s results to begin to benefit from lower interest rates. Rocket and its peers in the mortgage origination industry are highly exposed to movements in interest rates as refinance activity is extremely volatile and dependent on the path rates take.

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Rocket Companies Inc Ordinary Shares Class A

Rocket Companies: Increasing Our Valuation as Lower Interest Rates Set the Stage for Better Results

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