PennyMac Financial price target raised to $168 from $146 at Piper Sandler

Piper Sandler analyst Crispin Love raised the firm’s price target on PennyMac Financial (PFSI) to $168 from $146 and keeps an Overweight rating on the shares. The firm notes mortgage rates were already softening throughout 2025, but they received a significant jolt last week after President Trump aggressively pivoted toward housing policy. His dual announcements — a potential ban on institutional single-family home purchases and a directive for increased agency MBS buying by the GSEs — are clearly designed to tackle affordability with midterm elections looming. Piper anticipates this momentum will continue with further policy details expected during Trump’s Davos visit next week.