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Diamondback Energy, Inc. (NASDAQ:FANG) is one of the Best Extremely Profitable Stocks to Buy Right Now. On July 22, Raymond James analyst John Freeman raised the firm’s price target on Diamondback Energy, Inc. (NASDAQ:FANG) from $204 to $221, while maintaining a Buy rating on the shares.
The updated bullish sentiment comes as the company gets close to releasing its Q2 2025 results. It is set to release its results on August 5, 2025. Diamondback Energy, Inc. (NASDAQ:FANG) reduced the full year and Q2 guidance due to the commodity price volatility. It is expecting the second quarter oil production to be between the range of 485 – 500 MBO/d. Whereas the full year production is expected between 480 – 495 MBO/d.
The analyst noted that while the macroeconomic uncertainty remains, the oil prices have recovered for the time being. Therefore, Raymond James sees minimal activity changes from the management.
Diamondback Energy, Inc. (NASDAQ:FANG) is an independent oil and natural gas company that explores and develops onshore oil and natural gas reserves primarily in the Permian Basin in West Texas.
While we acknowledge the potential of FANG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
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