Analyst David Deckelbaum of TD Cowen maintained a Buy rating on Diamondback, retaining the price target of $175.00.
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David Deckelbaum’s rating is based on the recent developments following Viper’s acquisition of Sitio Royalties Corp. This strategic move has led to an increase in Viper’s projected oil production for the third quarter of 2025, indicating a positive growth trajectory.
The anticipated production growth, coupled with the company’s guidance for continued expansion into 2026, suggests a strong operational outlook. These factors contribute to a favorable assessment of Diamondback’s stock, supporting the Buy rating.
In another report released yesterday, Morgan Stanley also maintained a Buy rating on the stock with a $186.00 price target.