Schaeffers Investment Researchยท2025-03-31 14:47Group 1 - Mr. Cooper Group Inc (NASDAQ:COOP) stock is surging 18% to $123.30 following the announcement of its acquisition by Rocket Companies (RKT) for $9.4 billion in an all-stock deal aimed at expanding mortgage-related offerings [1] - COOP is trading at record highs and is on track for its largest daily increase since February 2022, with a 53.7% year-over-year gain and a potential third consecutive monthly gain [2] - Short interest in COOP has increased by 23.2% in the last month, indicating that short covering may provide additional support for the stock [2] Group 2 - Analysts have not yet commented on the acquisition, but among the nine analysts covering COOP, six have a "strong buy" rating and three have a "hold" rating [3] - The 12-month consensus price target for COOP is $126.63, which is slightly above the current trading levels, suggesting potential price-target hikes may be forthcoming [3]