AGNC Investment Corp. (NASDAQ:AGNC) is considered one of the top cheap stocks under $20 to buy now. Piper Sandler raised the price target to $11 from $10.50 with an Overweight rating, citing positive shifts in the mortgage finance sector, including falling 30-year rates and agency spreads tightening.

Piper Sandler noted growing mortgage application volumes and potential GSE reform, with the administration pushing for a deal. Keefe Bruyette also raised AGNC’s price target to $11, remaining bullish on agency MBS REITs. The company invests in residential mortgage securities guaranteed by government-sponsored enterprises.

While AGNC offers investment potential, other AI stocks may offer greater upside with less downside risk. Investors interested in undervalued AI stocks can explore opportunities beyond AGNC. Check out our report on the best short-term AI stock for more information on potential investment options.

Read more at Yahoo Finance: What Do Analysts Think About AGNC Investment Corp. (AGNC)?