Rocket Companies Inc (NYSE:RKT) is one of the best stocks to buy according to David Greenspan’s Slate Path Capital.
The stock makes up 4.9% of its reported equity portfolio
Rocket Companies’ stock is up more than 20% over the past month, and analysts expect it to go up more. Some 112 hedge funds have positions in RKT stock. Studio Grand Ouest/ On June 30, Benchmark initiated coverage of Rocket Companies Inc (NYSE:RKT) stock with a Buy rating and a price target of $21 on the shares.
The brokerage cited favorable mortgage rates and further noted that Rocket could become one of the two leading real estate portals over the next decade. According to Benchmark, housing platforms that combine artificial intelligence, vertical integration, and the ability to convert intent into transactions will win the industry competition. If this is the case, the brokerage believes Rocket has a major advantage over traditional providers.