Recent Analysts’ Ratings Changes for Fannie Mae (FNMA)

Several analysts have recently updated their ratings and price targets for Fannie Mae (OTCMKTS: FNMA):

• 2/12/2026 – Fannie Mae had its “neutral” rating reaffirmed by analysts at B. Riley Financial, Inc..
• 2/11/2026 – Fannie Mae was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating.
• 1/26/2026 – Fannie Mae is now covered by analysts at BTIG Research. They set a “buy” rating and a $20.00 price target on the stock.
• 1/26/2026 – Fannie Mae was upgraded by analysts at BTIG Research to a “strong-buy” rating.
• 12/29/2025 – Fannie Mae was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating.

The Federal National Mortgage Association, commonly known as Fannie Mae (OTCMKTS:FNMA), is a government-sponsored enterprise established by Congress in 1938 as part of the New Deal to support the U.S. housing market. Headquartered in Washington, DC, Fannie Mae’s mission is to promote liquidity, stability and affordability in the mortgage market. The company operates by purchasing residential mortgage loans from financial institutions, pooling them into mortgage-backed securities (MBS), and providing guarantees to investors against borrower default.

In its core business, Fannie Mae works with mortgage lenders across the United States—including banks, credit unions and mortgage finance companies—to ensure a steady flow of capital for homebuyers and homeowners seeking refinancing.