Analyst Trims Diamondback Energy (FANG) Price Target by $2, Keeps ‘Buy’ Rating

Core Viewpoint - Diamondback Energy, Inc. (NASDAQ:FANG) has experienced a significant decline in share price, with analysts adjusting their price targets while maintaining positive ratings, indicating potential upside despite recent challenges [1][3][4]. Group 1: Share Price Movement - The share price of Diamondback Energy fell by 6.57% between December 31, 2025, and January 7, 2026, marking it as one of the energy stocks that lost the most during that week [1]. - Over the past year, the share price has decreased by more than 18% [5]. Group 2: Analyst Ratings and Price Targets - Citi reduced its price target for Diamondback Energy from $180 to $178 while maintaining a 'Buy' rating, suggesting an upside of nearly 27% from the current share price [3]. - Bernstein lowered its price target from $199 to $190 but kept its 'Outperform' rating, highlighting Diamondback as its 'top oil idea' due to its low-risk inventory and de-leveraging strategy [4].