Rocket finance recent analyst consensus gave Rocket

Recent analyst consensus gave Rocket Finance a price target median of $14.20, backed by fundamental strength and technical momentum. Risk factors include potential rate hikes later in the year. The company is also expected to close on its acquisition of the largest mortgage servicer in the U.S., Mr. Cooper Group , in the fourth quarter. This will add almost 7 million new servicing clients (Rocket already has about 2.8 million), creating tremendous opportunities in addition to the added recurring servicing fee revenue. For example, the mortgage servicing relationship gives Rocket the opportunity to recapture these millions of clients when they eventually buy a new home or decide to refinance. A live webcast of the event will be available on the " Events & Presentations " section of the Company's Investor Relations website at ir.rocketcompanies.com . A replay of the webcast will be available on the Investor Relations website following the conclusion of the event. Rocket Finance’s moving average convergence divergence (MACD) turned positive, crossing the signal line for the first time in 5 weeks. This is typically a bullish indicator in medium-term technical setups.