Morgan Stanley Maintains a Buy on Diamondback Energy (FANG), Keeps the PT

Diamondback Energy, Inc. (NASDAQ:FANG) is one of the Most Undervalued Long Term Stocks to Buy Right Now. On October 21, Devin McDermott from Morgan Stanley maintained a Buy rating on Diamondback Energy, Inc. (NASDAQ:FANG) with a price target of $184.

In addition, on October 20, Charles Minervino from Susquehanna raised the firm’s price target on the stock from $182 to $188, while maintaining a Buy rating. The analyst noted that the increased price target reflects the firm’s updated earnings estimates for E&P coverage before Q3. Moreover, the firm also lowered its Q4 WTI price assumption to $62.5 per barrel and maintained its 2026 estimate at $65 per barrel.

Diamondback Energy, Inc. (NASDAQ:FANG) is an independent oil and natural gas company that focuses on exploring, acquiring, and developing onshore unconventional reserves in the Permian Basin, West Texas.

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Disclosure: None. This article is originally published at Insider Monkey.