With a 5-year average revenue growth rate of 41.9%, Diamondback Energy Inc. (NASDAQ:FANG) is included among the 11 Best Long Term US Stocks to Buy Right Now.
On May 11, Bernstein analyst Bob Brackett raised the firm’s price recommendation on Diamondback Energy Inc. (NASDAQ:FANG) to $241 from $237
The analyst reiterated an Outperform rating on the shares. The firm said oil markets could still move in several directions from here, including extreme scenarios such as the Strait of Hormuz remaining closed for years. Even so, Bernstein updated its models based on the assumption that conditions would return to normal by mid-year.
On May 7, Truist increased its price goal on FANG to $242 from $222. It kept a Buy rating on the stock. The analyst noted that in Permian activity, Diamondback benefits from seeing about half of the basin’s activity through Viper.