AI-driven power demand boosts Vistra's outlook with a 48% upside potential to $220 price target.

Vistra Corp. is rated a Strong Buy due to rising electricity demand driven by AI data centers and power scarcity in key markets like PJM and ERCOT. The company’s dispatchable power assets position it well to benefit from this trend, with expected EBITDA growth of $500 million by 2027. The price target of $220 reflects a 48% upside based on a 12x EV/EBITDA multiple. Regulatory risks in PJM/ERCOT could impact timing or pricing but the overall outlook remains positive.