Barclays Lifts PT on Diamondback Energy (FANG) to $190 From $185 – Here’s Why

Group 1 - Diamondback Energy, Inc. (NASDAQ:FANG) is considered one of the most undervalued energy stocks currently available for investment [1] - Barclays raised the price target for Diamondback Energy to $190 from $185, maintaining an Overweight rating, citing increased 2026 oil price estimates due to the Iran war [1] - Piper Sandler also updated its rating, increasing the price target to $248 from $215 and maintaining an Overweight rating, with a mid-cycle crude price forecast raised to $75 per barrel from $70 [2] Group 2 - Diamondback Energy is an independent oil and natural gas company engaged in the development, acquisition, exploration, and exploitation of unconventional, onshore oil and natural gas reserves [3] - The company's operations are divided into Upstream and Midstream Services segments [3]