Two Harbors Investment Corp. (TWO) Price Target Analysis
Wall Street analyst price targets, ratings consensus & upside potential · Updated May 1, 2026
Current Price
$12.25
Price Target
$14.00
Target Range
$14.00 — $14.00
Analyst Rating
Hold
Forward P/E11.9x
Trailing P/E-2.8x
Forward PEG—
Implied Growth+132.6%
Median Target$14.00
Analyst Spread0.0%
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Bear Case
$14
+14.3%
Consensus
$14
+14.3%
Bull Case
$14
+14.3%
TWO Price Target Analysis
Updated May 6, 2026As of May 6, 2026, Two Harbors Investment Corp. (TWO) has a Wall Street consensus price target of $14.00, based on estimates from 22 covering analysts. With the stock currently trading at $12.25, this represents a potential upside of +14.3%. The company has a market capitalization of $1.29B.
Analyst price targets range from a low of $14.00 to a high of $14.00, representing a 0% spread in expectations. The median target of $14.00 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 11.9x. Analysts expect EPS to grow +132.6% 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+12.5%
Avg Forward P/E6.8x
Peers with Coverage10 / 10
| Company | Market Cap | Price | Target | Upside | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 AGNCAGNC Investment Corp. | $9.7B | $10.79 | $11.13 | +3.2% | Hold | 6.9x | 35 |
 NLYAnnaly Capital Management, Inc. | $16.2B | $22.54 | $24.50 | +8.7% | Buy | 7.5x | 28 |
 DXDynex Capital, Inc. | $2.7B | $13.35 | $16.83 | +26.1% | Hold | 9.5x | 14 |
 MFAMFA Financial, Inc. | $997M | $9.77 | $10.25 | +4.9% | Hold | 7.1x | 22 |
 IVRInvesco Mortgage Capital Inc. | $576M | $8.02 | $9.00 | +12.2% | Hold | 3.7x | 20 |
 ARRARMOUR Residential REIT, Inc. | $2.2B | $17.43 | $18.25 | +4.7% | Hold | 5.7x | 25 |
 ORCOrchid Island Capital, Inc. | $1.1B | $6.96 | $7.50 | +7.8% | Hold | 5.9x | 5 |
 PMTPennyMac Mortgage Investment Trust | $960M | $11.03 | $15.00 | +36.0% | Buy | 7.1x | 26 |
 MITTTPG Mortgage Investment Trust Inc | $250M | $7.89 | $9.63 | +22.1% | Buy | 7.2x | 18 |
 EFCEllington Financial Inc. | $1.3B | $13.57 | $13.50 | -0.5% | Buy | 7.5x | 13 |
Upside Potential Comparison
PMTDXMITTIVRNLYORCMFAARRSee TWO's True Return
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Start ComparisonTWO — Frequently Asked Questions
Quick answers to the most common questions about buying TWO stock.
What is the TWO stock price target for 2026?
Two Harbors Investment Corp. (TWO) has a consensus 12-month price target of $14, implying 14.3% upside from $12.25. The 22 analysts covering TWO see moderate appreciation potential.
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 $14 implies 14.3% upside from current levels.
Is TWO stock overvalued or undervalued?
With a forward P/E of 11.8506x, TWO trades at a relatively low valuation. The consensus target of $14 implies 14.3% appreciation, suggesting meaningful undervaluation.
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 $14. The consensus of $14 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 $14, with estimates ranging from $14 (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 11.9x 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?
Wall Street analysts are optimistic on TWO, with a "Hold" consensus rating and $14 price target (14.3% upside). 4 of 22 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 TWO price targets vary so much?
TWO analyst price targets range from $14 to $14, a 0% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $14 consensus represents the middle ground.