Diamondback Energy (FANG) Stock Forecast & Price Target

$200.76

+0.96 (+0.48%)

(As of 07/26/2024 ET)

Diamondback Energy - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 21 Analyst Ratings

Based on 21 Wall Street analysts who have issued ratings for Diamondback Energy in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 21 analysts, 1 has given a sell rating, 5 have given a hold rating, 14 have given a buy rating, and 1 has given a strong buy rating for FANG.

Consensus Price Target

$209.65
4.43% Upside

High Forecast	$250.00
Average Forecast	$209.65
Low Forecast	$129.00

According to the 21 analysts' twelve-month price targets for Diamondback Energy, the average price target is $209.65. The highest price target for FANG is $250.00, while the lowest price target for FANG is $129.00. The average price target represents a forecasted upside of 4.43% from the current price of $200.76.

Type	Current Forecast 7/28/23 to 7/27/24	1 Month Ago 6/28/23 to 6/27/24	3 Months Ago 4/29/23 to 4/28/24	1 Year Ago 7/28/22 to 7/28/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	14 Buy rating(s)	14 Buy rating(s)	13 Buy rating(s)	17 Buy rating(s)
Hold	5 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)	1 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$209.65	$209.35	$202.53	$175.39
Forecasted Upside	4.43% Upside	10.40% Upside	10.26% Upside	21.69% Upside

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FANG Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

FANG Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Diamondback Energy Stock vs. The Competition

Type	Diamondback Energy	Oils/Energy Companies	S&P 500
Consensus Rating Score	2.71	2.56	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	4.43% Upside	230.54% Upside	9.17% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
7/23/2024	Bank of America 4 of 5 stars		Boost Target	Neutral ➝ Neutral	$201.00 ➝ $215.00	+7.61%
7/18/2024	Wells Fargo & Company 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$224.00 ➝ $231.00	+9.95%
7/18/2024	Wolfe Research 3 of 5 stars	D. Leggate Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Peer Perform
7/18/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$247.00 ➝ $249.00	+18.04%
7/17/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$243.00 ➝ $236.00	+11.90%
7/12/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Outperform ➝ Sector Outperform	$255.00 ➝ $245.00	+20.00%
Get the Latest News and Ratings for FANG and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Diamondback Energy and its competitors with MarketBeat's FREE daily newsletter.
6/27/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Overweight	$225.00	+13.17%
6/20/2024	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$154.00 ➝ $154.00	-19.35%
5/13/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$217.00 ➝ $222.00	+10.73%
5/6/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$195.00 ➝ $220.00	+7.76%
4/23/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$224.00 ➝ $229.00	+12.37%
4/22/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$248.00 ➝ $250.00	+23.63%
4/22/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Positive ➝ Positive	$212.00 ➝ $245.00	+22.05%
4/15/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$186.00 ➝ $184.00	-11.29%
4/10/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Equal Weight	$214.00	+4.12%
3/25/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$185.00 ➝ $215.00	+10.43%
2/14/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$183.00 ➝ $200.00	+18.69%
2/13/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$167.00 ➝ $175.00	+5.43%
1/24/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Strong-Buy ➝ Strong-Buy	$190.00 ➝ $185.00	+20.86%
1/18/2024	Bank Of America (Bofa) Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Underperform ➝ Underperform	$147.00 ➝ $129.00	-13.93%
10/23/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral	$160.00 ➝ $170.00	+2.11%
4/21/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$142.00 ➝ $163.00	+15.53%
2/22/2023	Roth Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	L. Mariani Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy
12/5/2022	Johnson Rice Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Accumulate ➝ Buy	$210.00	+43.80%
11/17/2022	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$190.00 ➝ $195.00	+22.66%
11/15/2022	MKM Partners Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$170.00	+1.78%
11/9/2022	Susquehanna Bancshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$180.00 ➝ $190.00	+17.66%
11/8/2022	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$170.00 ➝ $185.00	+12.89%
10/19/2022	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold	$159.00	+12.09%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 07:12 AM ET.

FANG Forecast - Frequently Asked Questions

What is Diamondback Energy's forecast for 2024?: According to the research reports of 21 Wall Street equities research analysts, the average twelve-month stock price forecast for Diamondback Energy is $209.65, with a high forecast of $250.00 and a low forecast of $129.00.
Should I buy or sell Diamondback Energy stock right now?: 21 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Diamondback Energy in the last twelve months. There is currently 1 sell rating, 5 hold ratings, 14 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" FANG shares.
Does Diamondback Energy's stock price have much upside?: According to analysts, Diamondback Energy's stock has a predicted upside of 8.95% based on their 12-month stock forecasts.
What analysts cover Diamondback Energy?: Diamondback Energy has been rated by research analysts at Bank of America, Benchmark, KeyCorp, Mizuho, Piper Sandler, Royal Bank of Canada, Sanford C. Bernstein, Scotiabank, Wells Fargo & Company, and Wolfe Research in the past 90 days.
Do Wall Street analysts like Diamondback Energy more than its competitors?: Analysts like Diamondback Energy more than other "oils/energy" companies. The consensus rating score for Diamondback Energy is 2.71 while the average consensus rating score for "oils/energy" companies is 2.56. Learn more on how FANG compares to other companies.