Wall Street analyst price targets, ratings consensus & upside potential · Updated Feb 28, 2026
Last 12 months price action with 12-month analyst target path
As of March 1, 2026, Diamondback Energy, Inc. (FANG) has a Wall Street consensus price target of $184.08, based on estimates from 51 covering analysts. With the stock currently trading at $174.08, this represents a potential upside of +5.7%. The company has a market capitalization of $49.54B.
Analyst price targets range from a low of $171.00 to a high of $218.00, representing a 26% spread in expectations. The median target of $178.00 aligns closely with the consensus average.
The current analyst consensus rating is Buy, with 46 analysts rating the stock as a Buy or Strong Buy,5 rating it Hold, and 0 rating it Sell or Strong Sell. This overwhelmingly bullish sentiment suggests analysts see significant catalysts for upside ahead.
From a valuation perspective, FANG trades at a trailing P/E of 30.4x and forward P/E of 17.6x. Analysts expect EPS to grow +69.6% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $382.78, with bear and bull scenarios of $-1996.69 and $1087.64 respectively. Model confidence stands at 48/100, suggesting limited visibility into future performance.
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorSee our Bear / Base / Bull DCF models and intrinsic value estimates.
View ValuationSee how FANG stacks up against sector leader California Resources Corporation.
Start ComparisonThe consensus price target for FANG is $184.08, close to the current price of $174.08 (5.7% implied move). Based on 51 analyst estimates, the stock appears fairly valued near current levels.
FANG has a consensus rating of "Buy" based on 51 Wall Street analysts. The rating breakdown is predominantly bullish, with 46 Buy/Strong Buy ratings. The consensus 12-month price target of $184.08 implies 5.7% upside from current levels.
With a forward P/E of 17.6x, FANG trades at a relatively low valuation. The consensus target of $184.08 implies 5.7% appreciation, suggesting the market may be pricing in risks.
The most bullish Wall Street analyst has a price target of $218 for FANG, while the most conservative target is $171. The consensus of $184.08 represents the median expectation. Our quantitative valuation model projects a bull case target of $1088 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
FANG is heavily covered by Wall Street, with 51 analysts providing price targets and ratings. Of these, 1 have Strong Buy ratings, 45 have Buy ratings, 5 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month FANG stock forecast based on 51 Wall Street analysts shows a consensus price target of $184.08, with estimates ranging from $171 (bear case) to $218 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $383, with bear/bull scenarios of $-1997/$1088.
Our quantitative valuation model calculates FANG's fair value at $383 (base case), with a bear case of $-1997 and bull case of $1088. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 48/100.
FANG trades at a forward P/E ratio of 17.6x based on next-twelve-months earnings estimates compared to a trailing P/E of 30.4x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
FANG appears fairly valued according to analysts, with a "Buy" rating and minimal upside to the $184.08 target. Consider your investment thesis and risk tolerance. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
FANG analyst price targets range from $171 to $218, a 26% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $184.08 consensus represents the middle ground. Our model's $-1997-$1088 range provides an independent fundamental perspective.