Citigroup Maintains Sell on Rocket Companies, Raises Price Target to $11
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Ashwin Shirvaikar has maintained a Sell rating on Rocket Companies (NYSE:RKT) but raised the price target from $10 to $11.

February 28, 2024 | 6:57 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Citigroup maintains a Sell rating on Rocket Companies but increases the price target from $10 to $11.
The maintenance of a Sell rating indicates a negative outlook on the stock by Citigroup, despite the increase in price target. This suggests that while there may be a slight improvement in the company's valuation according to Citigroup, the overall recommendation remains bearish. Investors might view this as a signal that the stock's potential upside is limited, potentially leading to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100