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Diamondback Energy Gets $230 Price Target Boost from Citigroup
Analysts see upside potential for the oil and gas company's stock.
Mar. 30, 2026 at 6:22pm
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Citigroup has raised its price target on Diamondback Energy (NASDAQ:FANG) from $178 to $230, maintaining a 'buy' rating on the stock. The new target represents a potential upside of 16% from the company's previous close.
Why it matters
This price target increase reflects Citigroup's bullish outlook on Diamondback Energy, one of the leading independent oil and gas producers focused on the Permian Basin. The analysts' view suggests they see further upside potential in the company's stock despite its recent strong performance.
The details
In a research report, Citigroup cited Diamondback Energy's solid operational execution and financial position as reasons for the higher price target. The company has been able to navigate the volatile commodity price environment and deliver consistent results for investors.
- Citigroup issued the new price target on March 30, 2026.
The players
Diamondback Energy
An independent oil and natural gas company focused on the development, exploration and production of unconventional resources in the Permian Basin.
Citigroup
A global financial services company that provides a range of banking, investing, and wealth management services.
The takeaway
Diamondback Energy's strong operational performance and financial position continue to attract positive analyst sentiment, with Citigroup's latest price target increase highlighting the company's growth potential in the Permian Basin.
