Investing.com – Jefferies lowered its price target on Vistra Energy (NYSE:VST) to $190 from $192 while maintaining a Buy rating on the stock.
The firm stated it continues to view the stock as offering a compelling entry point with an approximately 14% fiscal year 2028 free cash flow yield excluding buybacks at 7.3 times enterprise value to EBITDA.
Vistra Energy has fallen approximately 35% since September 2025, dropping from its 52-week high of $219.82 to its current price of $144, despite announcing Texas and PJM data center nuclear contracts and completing the Cogentrix acquisition. According to InvestingPro analysis, the stock now appears undervalued relative to its Fair Value, placing it among opportunities on the Most Undervalued stocks list.
The company currently has 20% of EBITDA contracted, according to Jefferies. The firm’s price target implies 35% upside without including speculative data centers in the valuation.
Jefferies noted that ongoing PJM reforms represent an overhang on the stock but sees asymmetric upside potential. This view aligns with the broader analyst community, which maintains a strong buy consensus with price targets ranging from $97 to $320. For deeper insights into Vistra’s valuation and growth prospects, investors can access the comprehensive Pro Research Report, available for this and 1,400+ other US equities.
In other recent news, Vistra Energy reported impressive financial results for the first quarter of 2026. The company achieved earnings per share of $1.31, surpassing the forecasted $1.28. Additionally, Vistra Energy’s revenue reached $5.64 billion, exceeding the anticipated $5.62 billion. These results demonstrate the company’s strong performance in the quarter. In other developments, Raymond James adjusted its price target for Vistra Energy stock, lowering it from $208 to $202, while maintaining a Strong Buy rating. Analyst J.R. Weston from Raymond James highlighted Vistra Energy’s operations, including its large thermal fleet and significant retail business. The company is also expanding its nuclear portfolio through the acquisition of Energy Harbor in 2024. These recent developments provide insight into Vistra Energy’s current business trajectory.
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