Rocket Companies, Inc. (NYSE:RKT) is one of the Cheap Stocks to Buy for High Returns in 2026. On March 16, Keefe Bruyette analyst Bose George upgraded Rocket Companies, Inc. (NYSE:RKT) from Market Perform to Market Outperform and also raised the price target from $20 to $22.

​The analyst noted the stock’s recent decline as one of the key reasons behind the bullish sentiment. The stock has fallen around 24.5% year-to-date, which far outpaces the S&P 500’s 2.5% drop. The firm sees this as an attractive entry point as it projects 50% return over the next 12 months based on the mortgage industry fundamentals and the company’s earnings outlook.

​Moreover, the analyst also noted that the fundamental shifts in the company’s ecosystem and earnings mix are expected to deliver long-term profitability. This also increases the chances of ongoing market share gains in purchase and refinance segments.

​Rocket Companies, Inc. (NYSE:RKT) provides mortgage, real estate, and personal finance services in the United States and Canada through its Direct to Consumer and Partner Network segments.

While we acknowledge the potential of RKT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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