Rocket Companies Hits One-Year Low as Analysts Cut Targets on Rate Pressure

Rocket Companies stock sank to its lowest level in a year during the Oct. 13, 2026 session after several analysts cut their price targets on the mortgage lender. The downgrades point to renewed concern about interest-rate pressure weighing on mortgage origination volumes and margins. The move adds Rocket to a list of rate-sensitive names under pressure in the same session, alongside homebuilding supplier Builders FirstSource, which also saw its price target cut by Raymond James citing rates. What remains unresolved is how much further rates need to move, and in which direction, before analysts see a floor for mortgage-sector earnings.