Morgan Stanley Maintains a Buy on Diamondback Energy (FANG), Keeps the PT

Core Viewpoint - Diamondback Energy, Inc. (NASDAQ:FANG) is identified as one of the most undervalued long-term stocks to buy, with analysts maintaining a positive outlook and setting price targets above the current market price [1][2]. Company Overview - Diamondback Energy, Inc. is an independent oil and natural gas company that focuses on exploring, acquiring, and developing onshore unconventional reserves in the Permian Basin, West Texas [3]. Analyst Ratings and Price Targets - Devin McDermott from Morgan Stanley maintained a Buy rating on Diamondback Energy with a price target of $184 [1]. - Charles Minervino from Susquehanna raised the price target from $182 to $188 while also maintaining a Buy rating, reflecting updated earnings estimates for exploration and production (E&P) coverage before Q3 [2]. - The firm lowered its Q4 WTI price assumption to $62.5 per barrel and maintained its 2026 estimate at $65 per barrel [2].