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Diamondback Hits 52-Week High $186.66 → Goldman Raises PT to $212, $1.9B Secondary Offering

Diamondback Energy shares hit a new 52-week high at $186.66 on March 17, 2026 after Barclays raised its price target from $185 to $190 with an Overweight rating. Goldman Sachs lifted its target from $187 to $212 with a Buy rating, while Benchmark downgraded from Buy to Hold citing valuation concerns. The company's top shareholder SGF FANG Holdings completed a $1.9 billion secondary offering of 11 million shares with no proceeds flowing to Diamondback.