10 Oversold NASDAQ Stocks to Invest in Right Now

9. Diamondback Energy Inc. (NASDAQ:FANG)

Diamondback Energy Inc. (NASDAQ:FANG) is one of the 10 oversold NASDAQ stocks to invest in right now.

On June 29, Morgan Stanley reduced the price target on Diamondback Energy Inc. (NASDAQ:FANG) from $229 to $216. Despite this downward adjustment, the price target yields more than 25% upside potential at the prevailing level. The firm also upheld an Overweight rating on the stock.

According to the firm, oil prices decreased after the United States and Iran reached an MOU on June 14. It noted that WTI now remains marginally above the pre-conflict levels, which formed the basis for analysts’ adjustments.

Earlier on June 22, Roth Capital increased its price target for Diamondback Energy Inc. (FANG) from $205 to $212, resulting in an upside potential of more than 23%. The firm had also upgraded the stock from Neutral to Buy. The revisions came after the firm made changes across several exploration and production stocks, driven by declining crude oil prices touching near-term lows amid ceasefire talks between Iran and the United States at the time.

The firm highlighted some oil-focused names within the broader E&P segment that appear attractive after a dip of around 15%-25% in 2026. It anticipates oil prices to stabilize at $75 per barrel in the short term.

Diamondback Energy Inc. (NASDAQ:FANG) is engaged in the exploration, development, and production of natural gas and oil resources. It is renowned for its unconventional oil and gas reserves at the Spraberry and Wolfcamp formations in Midland, as well as the Bone Spring and Wolfcamp formations in the Delaware basin.

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