Rocket Companies Inc (NYSE:RKT) shares are trading higher Monday morning as analysts at Keefe, Bruyette & Woods upgraded the stock. Investors also continue to warm up to housing-related names. Here’s what you need to know.

Analyst Sees Upside In RKT Stock

Keefe, Bruyette & Woods analyst Bose George on Monday upgraded Rocket Companies from Market Perform to Outperform and raised the price target from $20 to $22.

Rocket Companies has a consensus Neutral rating with an average price target of $17.89, according to Benzinga analyst data.

Housing Policy Shifts Lift Sentiment For Mortgage Stocks

The broader backdrop may also be supporting sentiment for Rocket Companies. Last week, the Trump administration signed executive orders aimed at reducing regulatory hurdles for homebuilding and mortgage lending, moves that investors could see as supportive for mortgage originators such as Rocket.

Reuters also reported Monday that U.S. homebuilder sentiment edged higher in March, suggesting some improvement in the housing backdrop even though the sector remains under pressure from affordability concerns and higher borrowing costs.

Rocket Companies RSI Signals Weakening Momentum

Rocket Companies' RSI has mostly stayed in the neutral range (30–70) over the past year, with occasional brief moves into overbought territory above 70.

Recently, the RSI has fallen toward the oversold threshold near 30, suggesting weakening momentum and potential short-term selling pressure.

RKT Shares Climb Monday Morning

RKT Price Action: Rocket Companies shares were up 6.22% at $15.02 at the time of publication on Monday, according to Benzinga Pro data.

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