Goldman Sachs cuts Diamondback Energy target to $100 amid rising oil prices and geopolitical tensions.

Diamondback Energy (FANG) benefits from rising crude oil prices driven by geopolitical tensions, with WTI crude expected to average $73.61 per barrel in 2026. Despite this favorable environment, Goldman Sachs set a price target of $100 for FANG, significantly below its current trading price of $191.78, suggesting potential downside. The stock has shown volatility over the past year, reflecting market uncertainties. Investors remain attentive to upstream oil companies like FANG as crude prices stay elevated amid global tensions.