Jim Cramer Explains Why He Is Avoiding Big Predictions on Rocket Companies (RKT)

On September 2, a caller to Jim Cramer's show on "Mad Money" mentioned Rocket Companies, Inc. (NYSE:RKT) delivering its most profitable quarter in four years despite high interest rates. The caller asked whether the stock could reach $30 once rates stabilize or fall. Cramer responded that he had tried to imagine such a scenario and found it wrong, so he would not make that prediction.

Rocket Companies reported a $2.76 billion adjusted revenue in Q2 2026, with an adjusted EBITDA margin of 28%, a 6.2% market share in the purchase market, and a 14.3% share in the refinance market. Despite high interest rates, strong loan servicing and revenue helped maintain strong top-line numbers. However, Cramer pointed out that the company's exposure to cyclical housing market volatility and macroeconomic factors makes long-term projections difficult.

Insider Monkey data shows that 99 hedge funds held RKT shares in Q2, a drop from 112 the previous quarter, with ValueAct Capital increasing its stake by 48% to nearly 41.7 million shares. Short interest remains low at 5.42% of the public float. Cramer's hesitation to chase high price targets reflects the market's view that betting on an explosive run to $30 carries too much cyclical risk.