Barclays Keeps 'Overweight' Rating on PennyMac Financial Services, Lowers Price Target to $119.00

Barclays maintains an "Overweight" rating on PennyMac Financial Services (PFSI) but lowers its price target to $119.00, down 4.03% from $124.00. The analyst's cautious optimism suggests PFSI is expected to outperform the market. Based on 8 analysts' one-year price targets, the average target price is $123.63, indicating a 22.27% upside from the current price. The average brokerage recommendation is 2.0, indicating an "Outperform" status. The estimated GF Value in one year is $84.56, suggesting a downside of 16.37% from the current price.

Barclays has revised its price target for PennyMac Financial Services (PFSI) from $124.00 to $119.00, representing a 4.03% decrease. The firm maintains an "overweight" rating on the real estate investment trust's stock, suggesting a cautious optimism that PFSI will outperform the market. This adjustment follows recent earnings reports and analyst upgrades that have influenced the stock's valuation.

The current consensus price target stands at $119.67, with an average one-year price target of $123.63 among eight analysts. This indicates an average potential upside of 22.27% from the current price. The average brokerage recommendation is 2.0, which translates to an "outperform" status. Additionally, the estimated GF Value in one year is $84.56, suggesting a potential downside of 16.37% from the current price.

PFSI has experienced significant insider activity, with CEO David Spector and CFO Daniel Stanley Perotti selling shares in recent transactions. This activity has resulted in a 15.80% insider ownership of the company's stock. Several institutional investors and hedge funds have also increased their stakes in PFSI, with notable additions by Millennium Management LLC and Philadelphia Financial Management of San Francisco LLC.

PennyMac Financial Services, through its subsidiaries, engages in mortgage banking and investment management activities in the United States. The company operates through three segments: Production, Servicing, and Investment Management. The Production segment is involved in the origination, acquisition, and sale of loans.

References:
[1] https://www.marketbeat.com/instant-alerts/barclays-issues-pessimistic-forecast-for-pennymac-financial-services-nysepfsi-stock-price-2025-07-08/