AGNC Investment

AGNC · NASDAQ

$8.80+$0.36 (+4.27%)TodayMarket closed · Oct 20, 7:58 PM ET

Prev close $8.44

AGNC analyst rating

HoldConsensus of 11 analysts over the last 12 months. 36% rate it a buy.

Strong buy0
Buy4
Hold7
Underperform0
Sell0

12-month price target · 11 analysts

Average $11.28 (+28.2% upside)

Low: $10.10
Now: $8.80
High: $12.60

Upgrades and downgrades

The latest rating actions, newest first

AGNC analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Piper Sandler	Oct 9, 2026	Maintains	Overweight	$12.00 → $10.00	37%
Wells Fargo	Jul 23, 2026	Maintains	Overweight	$12.00 → $11.00	56%
JP Morgan	Jul 22, 2026	Maintains	Neutral	$12.00 → $11.00	56%
Keefe, Bruyette & Woods	Jul 22, 2026	Maintains	Market Perform	$12.00 → $11.00	53%
Compass Point	Jul 17, 2026	Downgrade	Buy → Neutral	$11.50	48%
JP Morgan	Jul 17, 2026	Downgrade	Overweight → Neutral	$11.00 → $12.00	56%
Piper Sandler	Jul 2, 2026	Maintains	Overweight	$11.50 → $12.00	37%
UBS	Apr 24, 2026	Maintains	Neutral	$10.50 → $11.00	0%
JP Morgan	Apr 16, 2026	Maintains	Overweight	$12.00 → $11.00	56%
Piper Sandler	Apr 2, 2026	Maintains	Overweight	$12.50 → $10.50	37%

The case for and against

Updated Apr 10, 2026

Bull case

AGNC Investment Corp reported a tangible book value per share (BVPS) of $8.28, which exceeded estimates and marked a 6% quarter-over-quarter increase, positively influenced by tightening mortgage spreads. The company's portfolio experienced a substantial fair value boost of approximately $785 million, propelled by favorable market conditions such as lower benchmark rates and strong agency mortgage-backed securities performance. AGNC's expected returns remain supportive of its dividend levels, positioning it well in a favorable market for agency MBS assets amid potential benefits from a steepening yield curve.

Bear case

AGNC Investment Corp's portfolio core performance metrics reflect a concerning trend, with the portfolio CPR decreasing slightly to 8.3% from 8.7% in the previous quarter, indicating potential challenges in mortgage prepayment rates. The firm's net spread declined to 1.78% from 2.01%, and net spread and dollar roll income per share fell short of expectations due to the expiration of low-cost swaps and reduced hedging of funding liabilities, adversely impacting earnings per share. Additionally, rising leverage and volatility in interest rates pose significant risks to AGNC's book value and return on equity, further contributing to a negative outlook for the stock's performance.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.