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Stock impact report

Rocket Companies: Priced For Perfection [Seeking Alpha]

Rocket Companies, Inc. Class A (RKT) 
Company Research Source: Seeking Alpha
Fed Rate cuts don't help, as it's likely the 10 year rises as overnight rates are cut. Redfin would need to double revenue to approach EBIT profitability, despite never earning positive EBIT even at its 2021 peak. Even in a 100% revenue increase for both the Rocket Mortgage and Redfin businesses, EV/EBIT would be around 16x, making RKT priced to perfection. Mario Tama/Getty Images News Rocket Companies ( RKT ) recently completed its merger with Mr. Cooper in October and earlier in July completed its acquisition of Redfin. There's both potential upside due to the synergies of the combined models, but also the This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Short position through short-selling of the stock, or purchase of put options or similar derivatives in RKT over the next 72 hours. I wrote this article myself, and it expresses my own opinions. Show less Read more
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