RBC Capital maintains Rocket Companies at Sector Perform, lowers price target to $14 from $16

Iridium Communications expects a $550M drop in free cash flow in 2031 due to satellite replacements, according to its proxy statement. The acquisition by Rocket Lab, expected to close by mid-2027, may offer cost savings. U.S. defense and space budget decisions could impact Rocket Lab's prospects. Cantor Fitzgerald set a $122 price target for Rocket Lab, currently trading at $52.

Rocket Companies (RKT) stock rose 8.62% on strong Q3 earnings, with revenue of $3.28B and adjusted EPS of $0.15, both beating estimates. Management highlighted market share gains and highest profitability in five years. Analysts have mixed price targets, ranging from $13 to $16. The company guided Q4 revenue to $2.10B-$2.30B, lower than Q3 but still solid.

Rocket Lab USA President Brad Clevenger and U.S. Sen. Kevin Cramer discussed the commercial space industry's role in satellite tech and national security at UND's Space Operations Summit. Rocket Lab plans to acquire Iridium Communications, emphasizing the growing importance of private companies in space. Iridium has a significant presence in North Dakota, supporting Space Development Agency missions. Clevenger highlighted his experience in satellite missions and the industry's advancements.

Rocket Companies Inc. (RKT) stock rose 7.64% after Q3 earnings beat expectations, with revenue at $2.1B and adjusted EPS at $0.15. Management highlighted market share gains and improved margins, but Q4 guidance suggests normalization. Analysts remain cautiously optimistic, with targets around $15.42. The company faces macroeconomic challenges but benefits from strong cash flow and tech-driven strategies.

Rocket Companies (RKT) stock rose 7.6% on November 2, 2026, despite a 0.5% S&P 500 decline. The gain followed its Q3 earnings report, with adjusted revenue of $2.6B and net income of $709M. Management reported increased market share in home purchase and refinance lending, despite rising mortgage rates. The stock's rise was attributed to falling Treasury yields and outperformed its peers and the financial sector.

Rocket Companies (RKT) rose 9% to $13.96 as Treasury yields fell, benefiting mortgage-related stocks. Q3 earnings beat estimates, with adjusted EPS of $0.15. Compass (COMP) and Zillow (Z) also gained 8%. Lower yields may boost home sales and refinancing, supporting these companies. However, Zillow is down 51% YTD, and all stocks remain sensitive to rate changes.