Rkt stock forecast recent trading patterns in RKT stock

Recent trading patterns in RKT stock forecast show strong support near $12.20, with momentum indicators turning bullish. However, Wall Street warns that seasonal housing slowdowns may temper near-term gains. We are going to use a two-stage DCF model, which, as the name states, takes into account two stages of growth. The first stage is generally a higher growth period which levels off heading towards the terminal value, captured in the second 'steady growth' period. To start off with, we need to estimate the next ten years of cash flows. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years. Analysts expect 'Revenue- Interest income- Interest income' to come in at $85.94 million. The estimate points to a change of -3.4% from the year-ago quarter. View all Key Company Metrics for Rocket Companies here>>> Rocket Companies shares have witnessed a change of -18.1% in the past month, in contrast to the Zacks S&P 500 composite's +0.4% move. With a Zacks Rank #4 (Sell), RKT is expected underperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> RKT stock forecast is benefiting from resilient home purchase volumes, outperforming peer benchmarks in mortgage tech adoption rates. With the 10-year yield dipping below 4.1%, investor sentiment is improving.