Goldman Sachs Boosts Diamondback Energy Price Target

Analysts see strong price appreciation potential for the oil and gas company's stock.

Mar. 11, 2026 at 6:38pm

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The Goldman Sachs Group has lifted its price objective on Diamondback Energy (NASDAQ:FANG) from $187.00 to $212.00 and maintained a "buy" rating on the stock. The firm believes the oil and natural gas company has strong long-term earnings prospects, supporting a bullish outlook on the stock.

Why it matters

Diamondback Energy is a major player in the Permian Basin, one of the most prolific oil and gas producing regions in the United States. The Goldman Sachs price target increase signals analysts' confidence in the company's ability to generate value for shareholders through its upstream operations and development activities.

The details

In a research report, analysts at The Goldman Sachs Group cited Diamondback Energy's strong operational performance and favorable industry trends as reasons for the price target increase. The firm believes the company is well-positioned to capitalize on the recovery in energy markets and sustain its growth trajectory.

  • The Goldman Sachs price target increase was issued on Wednesday, March 11, 2026.

The players

The Goldman Sachs Group

A leading global investment banking, securities and investment management firm.

Diamondback Energy

An independent oil and natural gas company focused on the development, exploration and production of unconventional resources in the Permian Basin.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident

The takeaway

The Goldman Sachs price target increase underscores the positive long-term outlook for Diamondback Energy, as the company continues to capitalize on its strategic position in the Permian Basin and benefit from the recovery in energy markets.