Two Harbors Investment Corp. (TWO) Price Target Analysis
Updated Jun 18, 2026
Analyst Rating: Hold
Based on 22 analysts9.6% Below Target
TWO trades 9.6% below Wall Street's consensus target of $13.50.
Current Price$12.32
Average Target$13.50
Target
Current
Low$13.00
Median$13.50
High$14.00
Analyst Target Range
Forward P/E10.8x
(Value)
PEG Ratio—
Implied Growth+136.0%
(High Growth)
Analyst Spread7.4%
(High Agreement)
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Consensus Scenario Assumptions
The base valuation assumes TWO achieves its forward estimates and maintains a stable P/E multiple of 10.8x. This scenario reflects the blended consensus of 22 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
TWO Price Target Analysis
Updated June 21, 2026As of June 21, 2026, Two Harbors Investment Corp. (TWO) has a Wall Street consensus price target of $13.50, based on estimates from 22 covering analysts. With the stock currently trading at $12.32, this represents a potential upside of +9.6%. The company has a market capitalization of $1.29B.
Analyst price targets range from a low of $13.00 to a high of $14.00, representing a 7% spread in expectations. The median target of $13.50 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Hold, with 4 analysts rating the stock as a Buy or Strong Buy,17 rating it Hold, and 1 rating it Sell or Strong Sell. The bearish sentiment suggests caution about the stock at current levels.
From a valuation perspective, TWO trades at a trailing P/E of -2.8x and forward P/E of 10.8x. Analysts expect EPS to grow +136.0% over the next year.
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
+8.1%
Industry Consensus
Avg Forward P/E
6.8x
(Value)
Peers with Coverage
10 / 10
Active Analyst Tracking
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 AGNCAGNC Investment Corp. | $11.7B | $10.38 | $11.13 | +7.2% | Hold | 6.7x | 35 |
 NLYAnnaly Capital Management, Inc. | $16.0B | $22.21 | $24.33 | +9.5% | Buy | 7.4x | 28 |
 DXDynex Capital, Inc. | $2.0B | $13.06 | $16.33 | +25.0% | Hold | 9.3x | 14 |
 MFAMFA Financial, Inc. | $973M | $9.53 | $10.50 | +10.2% | Hold | 7.5x | 23 |
 IVRInvesco Mortgage Capital Inc. | $575M | $8.00 | $7.50 | -6.3% | Hold | 3.8x | 20 |
 ARRARMOUR Residential REIT, Inc. | $2.1B | $16.76 | $15.00 | -10.5% | Hold | 5.5x | 25 |
 ORCOrchid Island Capital, Inc. | $1.0B | $6.70 | $7.50 | +11.9% | Hold | 5.7x | 5 |
 PMTPennyMac Mortgage Investment Trust | $892M | $10.25 | $11.75 | +14.6% | Hold | 8.3x | 26 |
 MITTTPG Mortgage Investment Trust Inc | $252M | $7.94 | $9.42 | +18.6% | Buy | 7.3x | 18 |
 EFCEllington Financial Inc. | $1.3B | $13.44 | $13.50 | +0.4% | Buy | 7.0x | 13 |
TWO — Frequently Asked Questions
Quick answers to the most common questions about buying TWO stock.
What is the TWO stock price target for 2026?
The consensus price target for TWO is $13.5, close to the current price of $12.32 (9.6% implied move). Based on 22 analyst estimates, the stock appears fairly valued near current levels.
Is TWO a buy, sell, or hold?
TWO has a consensus rating of "Hold" based on 22 Wall Street analysts. The rating breakdown is mixed, with 17 Hold ratings making up the largest segment. The consensus 12-month price target of $13.5 implies 9.6% upside from current levels.
Is TWO stock overvalued or undervalued?
With a forward P/E of 10.8032x, TWO trades at a relatively low valuation. The consensus target of $13.5 implies 9.6% appreciation, suggesting the market may be pricing in risks.
How high can TWO stock go?
The most bullish Wall Street analyst has a price target of $14 for TWO, while the most conservative target is $13. The consensus of $13.5 represents the median expectation. These targets typically reflect 12-month expectations.
How many analysts cover TWO stock?
TWO is well covered by analysts, with 22 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 4 have Buy ratings, 17 recommend Hold, and 1 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the TWO stock forecast?
The 12-month TWO stock forecast based on 22 Wall Street analysts shows a consensus price target of $13.5, with estimates ranging from $13 (bear case) to $14 (bull case). The median consensus rating is "Hold".
What is TWO's forward P/E ratio?
TWO trades at a forward P/E ratio of 10.8x based on next-twelve-months earnings estimates. The higher forward P/E suggests near-term earnings pressure. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Should I buy TWO stock?
TWO appears fairly valued according to analysts, with a "Hold" rating and minimal upside to the $13.5 target. Consider your investment thesis and risk tolerance. 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 TWO price targets vary so much?
TWO analyst price targets range from $13 to $14, a 7% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $13.5 consensus represents the middle ground.
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