Bullish Case: PMT's robust Q4 2023 earnings, opportunistic investments, and management’s risk control indicate potential resilience against interest rate volatility, setting a stage for potential growth.


Bearish Case: Historical price deterioration, recent flat price action, and persistently high volatility suggest underlying negative trends that may continue to pressure PMT's stock price.


Potential Outcomes:

1. Price uptick from Q4 earnings and investments: 45%.

2. Flat trend with hovering volatility: 40%.

3. Downside from historical trends and market volatility: 15%.


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April 06, 2024


Pennymac Mortgage Investment Forecast

PMT        Pennymac Mortgage Investment
Price Forecast: BULLISH    Price Action: RANDOM (?)











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