Keefe Bruyette Raises PT on Rocket Companies (RKT) to $15 From $14

Rocket Companies, Inc. (NYSE:RKT) is one of the best NYSE stocks to buy under $20. On August 5, Keefe Bruyette raised the firm’s price target on Rocket Companies, Inc. (NYSE:RKT) to $15 from $14, keeping a Market Perform rating on the shares.

The analyst told investors in a research note that the company’s fiscal Q2 earnings are being negatively affected by increased transaction-related expenses.

Rocket Companies, Inc. (NYSE:RKT) reported its fiscal Q2 earnings on July 31, with total revenue net of $1.36 billion and adjusted revenue of $1.34 billion.

Adjusted revenue for the quarter came in above the high end of the company’s guidance range, with GAAP net income for Q2 reaching $34 million and adjusted net income of $75 million.

Rocket Companies, Inc. (NYSE:RKT) provides a range of services related to homeownership and other personal financial transactions. The company’s operations are divided into the Direct to Consumer and Partner Network segments.

While we acknowledge the potential of RKT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.