Rocket Companies, Inc.

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Rocket Companies plans to acquire Mr. Cooper Group for $9.4 billion and Redfin for $1.75 billion, aiming to become the largest U.S. mortgage servicer, managing one in six mortgages.

Rocket Companies' shares rose 12% after upgrades from Keefe Bruyette & Woods and Deutsche Bank, with price targets set at $14 and $16, respectively.

Deutsche Bank predicts Rocket Companies' stock may rise 27% due to lower interest rates and income synergies from its acquisition, targeting 17% of the mortgage market by 2027.

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