What we (COOP Holders) forget is that RKT was ALREADY at this price point 4+ yrs ago, without RDFN and COOP, when they went public.
It was the "housing slump" and high interest rates that drove the price of RKT down. With RDFN and COOP, it's sooo much more improved in terms of customer acquisition and profitability....
The BoA $24 forecast is the "Canary in the Coal Mine". When RKT hit $12, after the COOP deal was announced, same BoA analyst came out with a $16 price target for EOY. RKT shot up to $15+ within the next week, but then came down (in May).
Same thing is happening now. Once RKT earnings call happens, I can almost guarantee we'll see more upgrades in the $24-28 range for RKT in the next year.
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