Rocket Companies (RKT) stock surged 5.73% during the pre-market trading session on Wednesday, outperforming the broader market. The rally was driven by analysts' actions on the stock.
Wedbush analyst Henry Coffey maintained a Hold rating on Rocket Companies but raised the price target to $13.00. Meanwhile, UBS adjusted its price target on the company to $14 from $11.50, while keeping a Neutral rating.
The analysts' actions reflect their views on Rocket Companies' prospects, which have led to the stock's significant pre-market gain. However, the overall average rating from analysts polled by FactSet remains a Hold, with a mean price target of $12.54.
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