Wells Fargo has revised its price target for AGNC Investment (AGNC, Financial), reducing it from $11 to $10, while maintaining an Overweight rating on the shares. This adjustment comes after AGNC reported its first-quarter core earnings per share (EPS) of 44 cents. The reported earnings exceeded both Wells Fargo's estimate of 35 cents and the consensus estimate of 41 cents.
Despite the strong performance in the first quarter, Wells Fargo has decided to lower the price target due to uncertainties surrounding future interest rates. However, the firm remains optimistic about AGNC's long-term earnings potential, as reflected in the upward revision of its EPS forecasts for 2025, 2026, and 2027. This optimism is based on anticipated higher run-rate earnings in the coming years.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 11 analysts, the average target price for AGNC Investment Corp (AGNC, Financial) is $9.85 with a high estimate of $11.00 and a low estimate of $8.25. The average target implies an upside of 16.55% from the current price of $8.46. More detailed estimate data can be found on the AGNC Investment Corp (AGNC) Forecast page.
Based on the consensus recommendation from 15 brokerage firms, AGNC Investment Corp's (AGNC, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
