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Diamondback Energy Upgraded to Strong Buy at Freedom Capital
Wall Street analysts see upside potential in the oil and gas company's stock.
Mar. 13, 2026 at 10:40am
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Diamondback Energy (NASDAQ:FANG) was upgraded by research analysts at Freedom Capital to a 'strong-buy' rating in a research report issued on Tuesday. The analysts cited the company's strong performance and growth potential in the Permian Basin as reasons for the upgrade.
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 company's strong operational performance and growth outlook make it an attractive investment for analysts and investors.
The details
Several other analysts have also recently weighed in on Diamondback Energy. Morgan Stanley dropped their price target on the stock from $183 to $171, while Benchmark lowered its rating from 'buy' to 'hold'. However, Jefferies Financial Group reaffirmed a 'hold' rating and set a $173 target price, and UBS Group increased its target price from $194 to $216 and maintained a 'buy' rating.
- The research report from Freedom Capital was issued on Tuesday, March 13, 2026.
The players
Diamondback Energy
An independent oil and natural gas company focused on the Permian Basin in West Texas and southeastern New Mexico.
Freedom Capital
A research firm that upgraded Diamondback Energy's stock to a 'strong-buy' rating.
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 upgrade from Freedom Capital highlights the strong fundamentals and growth potential of Diamondback Energy, a leading player in the Permian Basin oil and gas industry. Investors will be closely watching the company's performance and any further analyst commentary on its prospects.
