The latest price target for PennyMac Mortgage IT (NYSE:PMT) was reported by Keefe, Bruyette & Woods on July 25, 2024. The analyst firm set a price target for $15.00 expecting PMT to rise to within 12 months (a possible 3.45% upside). 14 analyst firms have reported ratings in the last year.

The latest analyst rating for PennyMac Mortgage IT (NYSE:PMT) was provided by Keefe, Bruyette & Woods, and PennyMac Mortgage IT maintained their outperform rating.

The last upgrade for PennyMac Mortgage Investment Trust happened on July 10, 2024 when Keefe, Bruyette & Woods raised their price target to $15.5. Keefe, Bruyette & Woods previously had a market perform for PennyMac Mortgage Investment Trust.

The last downgrade for PennyMac Mortgage Investment Trust happened on February 17, 2023 when BTIG changed their price target from N/A to N/A for PennyMac Mortgage Investment Trust.

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of PennyMac Mortgage IT, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for PennyMac Mortgage IT was filed on July 25, 2024 so you should expect the next rating to be made available sometime around July 25, 2025.

While ratings are subjective and will change, the latest PennyMac Mortgage IT (PMT) rating was a maintained with a price target of $15.50 to $15.00. The current price PennyMac Mortgage IT (PMT) is trading at is $14.50, which is out of the analyst’s predicted range.