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Scotiabank Bullish on Vistra (VST) Following Meta Deal

Vistra Corp. (NYSE:VST) is included in our list of the best stocks to buy right now.

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On January 12, 2026, Vistra Corp. (NYSE:VST) saw renewed attention from analysts following its landmark Meta partnership. Analysts remain confident in the company’s growing role in long-duration, zero-carbon power supported by hyperscaler demand. Scotiabank analyst Andrew Weisel increased the firm’s price target on the stock from $287 to $293 and reiterated an ‘Outperform’ rating. The firm believes the company’s nuclear contract with Meta could position it strongly among U.S. independent power producers and has included the stock as its top utilities pick. On the same day, UBS analyst William Appicelli also raised the firm’s price target from $230 to $233 while reiterating a ‘Buy’ rating. The firm’s bullish stance reflects solid execution despite a mixed outlook on IPPs.

Vistra Corp. (NYSE:VST) also drew BofA’s attention on the same day, with the analyst Ross Fowler lowering the firm’s price target from $231 to $218 while reiterating a ‘Buy’ rating. The firm reflected on a reduced premium for gas as forward prices jumped. Looking ahead, the firm raised its FY26-FY27 EBITDA estimates after taking into account benefits from PJM PPAs, updated generation assumptions, and mark-to-market power and gas prices. The firm focused on improved earnings durability amid tightened valuation assumptions.

The renewed analyst attention followed the company’s January 9, 2026, announcement of 20-year PPAs with Meta for 2.6 GW of nuclear capacity. The deal boosts cash-flow visibility, supports license extensions, and positions the company well for future growth.

Vistra Corp. (NYSE:VST), a diversified U.S. power producer and retailer, serves residential, commercial, and industrial customers with its significant nuclear, gas, and renewable generation.

While we acknowledge the potential of VST to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than VST and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 7 Best Rising Tech Stocks to Buy Now and 12 Best Multibagger Stocks to Buy Heading into 2026.

Disclosure: None.

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