Rocket Companies shares fell to a new 52-week low of $10.78 on Tuesday after JPMorgan Chase & Co. downgraded the stock. The bank maintained a neutral rating and cut its price target to $12.50 from $14.00.
Shares fell 5.8% following the news. The move came amid a challenging environment for the mortgage industry and adds to the company’s broader downtrend in 2026.
Analyst sentiment remains mixed, with a consensus rating of Moderate Buy.