PennyMac Mortgage Investment Trust (PMT) Price Target Analysis
Wall Street analyst price targets, ratings consensus & upside potential · Updated May 1, 2026
Current Price
$12.13
Price Target
$15.00
Target Range
$13.50 — $18.00
Analyst Rating
Buy
Forward P/E7.8x
Trailing P/E12.3x
Forward PEG—
Implied Growth+11.1%
Median Target$14.25
Analyst Spread30.0%
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Bear Case
$14
+11.3%
Consensus
$15
+23.7%
Bull Case
$18
+48.4%
Valuation Model TargetsConfidence: 37/100
Bear$5
Base$14
Bull$119
PMT Price Target Analysis
Updated May 6, 2026As of May 6, 2026, PennyMac Mortgage Investment Trust (PMT) has a Wall Street consensus price target of $15.00, based on estimates from 26 covering analysts. With the stock currently trading at $12.13, this represents a potential upside of +23.7%. The company has a market capitalization of $1.06B.
Analyst price targets range from a low of $13.50 to a high of $18.00, representing a 30% spread in expectations. The median target of $14.25 differs from the mean, suggesting potential outlier estimates.
The current analyst consensus rating is Buy, with 13 analysts rating the stock as a Buy or Strong Buy,13 rating it Hold, and 0 rating it Sell or Strong Sell. The positive sentiment balance indicates moderate optimism about the stock prospects.
From a valuation perspective, PMT trades at a trailing P/E of 12.3x and forward P/E of 7.8x. Analysts expect EPS to grow +11.1% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $13.73, with bear and bull scenarios of $5.24 and $119.08 respectively. Model confidence stands at 37/100, suggesting limited visibility into future performance.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Real Estate stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside+18.1%
Avg Forward P/E6.9x
Peers with Coverage10 / 10
| Company | Market Cap | Price | Target | Upside | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 MFAMFA Financial, Inc. | $975M | $9.55 | $10.25 | +7.3% | Hold | 7.0x | 22 |
 MITTTPG Mortgage Investment Trust Inc | $251M | $7.92 | $9.63 | +21.6% | Buy | 7.3x | 18 |
 EARNEllington Credit Company | $180M | $4.78 | $6.00 | +25.5% | Hold | 4.5x | 7 |
 CIMChimera Investment Corporation | $1.1B | $13.64 | $14.25 | +4.5% | Hold | 6.5x | 16 |
 IVRInvesco Mortgage Capital Inc. | $577M | $8.03 | $9.00 | +12.1% | Hold | 3.7x | 20 |
 EFCEllington Financial Inc. | $1.3B | $13.10 | $13.50 | +3.1% | Buy | 7.2x | 13 |
 GPMTGranite Point Mortgage Trust Inc. | $66M | $1.39 | $2.50 | +79.9% | Hold | — | 12 |
 AGNCAGNC Investment Corp. | $9.6B | $10.72 | $11.13 | +3.8% | Hold | 6.9x | 35 |
 NLYAnnaly Capital Management, Inc. | $16.1B | $22.38 | $24.50 | +9.5% | Buy | 7.5x | 28 |
 TWOTwo Harbors Investment Corp. | $1.3B | $12.26 | $14.00 | +14.2% | Hold | 11.9x | 22 |
Upside Potential Comparison
GPMTEARNMITTTWOIVRNLYMFACIMSee PMT's True Return
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Start ComparisonPMT — Frequently Asked Questions
Quick answers to the most common questions about buying PMT stock.
What is the PMT stock price target for 2026?
The consensus Wall Street price target for PMT is $15, representing 23.7% upside from the current price of $12.13. With 26 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
Is PMT a buy, sell, or hold?
PMT has a consensus rating of "Buy" based on 26 Wall Street analysts. The rating breakdown is mixed, with 13 Hold ratings making up the largest segment. The consensus 12-month price target of $15 implies 23.7% upside from current levels.
Is PMT stock overvalued or undervalued?
With a forward P/E of 7.7846x, PMT trades at a relatively low valuation. The consensus target of $15 implies 23.7% appreciation, suggesting meaningful undervaluation.
How high can PMT stock go?
The most bullish Wall Street analyst has a price target of $18 for PMT, while the most conservative target is $13.5. The consensus of $15 represents the median expectation. Our quantitative valuation model projects a bull case target of $119 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
How many analysts cover PMT stock?
PMT is heavily covered by Wall Street, with 26 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 13 have Buy ratings, 13 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the PMT stock forecast?
The 12-month PMT stock forecast based on 26 Wall Street analysts shows a consensus price target of $15, with estimates ranging from $13.5 (bear case) to $18 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $14, with bear/bull scenarios of $5/$119.
What is PMT's fair value based on fundamentals?
Our quantitative valuation model calculates PMT's fair value at $14 (base case), with a bear case of $5 and bull case of $119. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 37/100.
What is PMT's forward P/E ratio?
PMT trades at a forward P/E ratio of 7.8x based on next-twelve-months earnings estimates compared to a trailing P/E of 12.3x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Should I buy PMT stock?
Wall Street analysts are very optimistic on PMT, with a "Buy" consensus rating and $15 price target (23.7% upside). 13 of 26 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
Why do PMT price targets vary so much?
PMT analyst price targets range from $13.5 to $18, a 30% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $15 consensus represents the middle ground. Our model's $5-$119 range provides an independent fundamental perspective.