A Jefferies analyst set a bullish $298 price target for Vistra, implying 88.5% upside from its current price. The forecast reflects rising electricity demand from AI data centers.
Vistra operates nuclear and natural gas plants and is increasingly seen as a key supplier for the AI boom. It has secured long-term power purchase agreements with Meta and AWS to supply nuclear power.
The Jefferies bull case anticipates higher power prices and significant earnings contributions from these contracts and other assets by 2027.