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Fang stock price forecast based on recent trading data
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Based on recent trading data, the fang stock price forecast suggests steady accumulation by institutional investors, indicating confidence despite market volatility and a possible breakout above key resistance at $ Uber continues to expand its delivery network beyond cards, bikes, couriers, and sidewalk robots by introducing drones. Wei Fang from Mizuho believes in the growing network of Uber and sees upside as the analyst forecasts the company to become a ‘multi-year compounder’ with a 2025-2028 CAGR of 15% for revenue, 16% for gross profit, and 25% for EPS. Several other equities research analysts have also recently weighed in on FANG. UBS Group increased their target price on shares of Diamondback Energy from $163.00 to $171.00 and gave the company a "buy" rating in a research note on Wednesday, August 20th. Melius Research started coverage on Diamondback Energy in a research report on Wednesday, August 20th. They issued a "buy" rating and a $213.00 price objective for the company. Scotiabank reaffirmed an "outperform" rating on shares of Diamondback Energy in a research report on Friday, July 11th. Wells Fargo & Company raised their target price on Diamondback Energy from $210.00 to $211.00 and gave the stock an "overweight" rating in a research report on Thursday, August 14th. Finally, Bank of America raised their price objective on shares of Diamondback Energy from $165.00 to $170.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. Two equities research analysts have rated the stock with a Strong Buy rating and twenty-one have issued a Buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $193.39. Smart money flows have turned positive on tech leaders, supporting a fang stock price forecast that expects continued outperforming returns against the broader S&P