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Stocks•22 April 2026•

1 min read

Scotiabank Raises Diamondback Energy Price Target to $195 Despite Q4 Earnings Miss

A red downward arrow points to a shattered, glowing object labeled 'RP1' amidst an explosion, with '-75%' and 'DENIED' visible.

Key Facts

1Scotiabank raised its price target for Diamondback Energy from $175.00 to $195.00 while reiterating a sector outperform rating.

2The company reported a Q4 earnings miss despite overall analyst optimism and recent insider selling.

Scotiabank has increased its price target for Diamondback Energy (FANG) to $195.00 from $175.00, while maintaining a 'Sector Outperform' rating. This upward adjustment comes despite the company reporting fourth-quarter earnings that fell short of analyst expectations. The new target suggests a modest upside of 1.48% from the last closing price, reflecting a balanced outlook by the bank. Notably, the broader market consensus remains even more optimistic, with a target price sitting at $207.95. Scotiabank's decision weighs long-term sector potential against recent insider selling and the quarterly miss. Investors are closely monitoring the stock to see if it can overcome recent earnings headwinds to reach these new valuation milestones.