I am bullish on Vistra’s (VST) profit growth over the next year, but remain more discerning regarding its current stock price. Based on the earnings forecasts and valuation assumptions in this article, my 12-month reference target price is $166, which is approximately 9% above the closing price of $151.72 on September 8, 2026. Although the stock price has pulled back about 31% from its 52-week high, the remaining upside remains limited even when factoring in growth from signed contracts and acquisitions.

Source: TradingKey

VST’s opportunities are very tangible: its existing power plants can generate more profit, and long-term nuclear power contracts make a portion of its revenue more predictable. The company is indeed improving. My…