Wall Street Bullish on Diamondback Energy (FANG), Since Q3 2025 Results

​Diamondback Energy, Inc. (NASDAQ:FANG) is one of the Cheap NASDAQ Stocks to Buy Now. On December 2, Neil Mehta from Goldman Sachs reiterated a Buy rating on Diamondback Energy, Inc. (NASDAQ:FANG) with a $179 price target. On the same day, UBS reiterated a Buy rating on the stock with a price target of $174.

​Wall Street has had a positive sentiment on the stock since the company topped estimates during its fiscal Q3 2025 earnings release on November 3. The share price has gained more than 12% since the release. During the quarter, the company grew its revenue by 48.36% year-over-year to $3.92 billion, surpassing estimates by $394.29 million. Moreover, the EPS of $3.08 also topped the consensus by $0.14. The performance was driven by increased average oil production of 503.8 MBO/d, up from 495.7 MBO/d during the quarter.

​In addition, Diamondback Energy, Inc. (NASDAQ:FANG) also raised its full-year production guidance to 495 MBO/d – 498 MBO/d, up from the previous range of 485 – 492 MBO/d. The annual BOE guidance was also raised further from the 2% increase in Q2 2025 to 910 MBOE/d – 920 MBOE/d in Q3 2025.

​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.

While we acknowledge the potential of FANG to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than FANG and that has 100x upside potential, check out our report about this cheapest 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.