Vistra Corp.

New York Stock Exchange
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Bullish +75

Wells Fargo Sticks to Its Buy Rating for Vistra Corp (VST)

AI-generated analysis

📈 Wells Fargo analyst Shahriar Pourreza maintained a Buy rating on Vistra Corp (VST) with a price target of $259.00.

💰 The company's shares closed at $153.70, implying significant upside from the current trading price.

📊 Analyst consensus suggests a Strong Buy rating for VST with an average price target of $229.50.

🤖 Morgan Stanley also maintained a Buy rating on the stock with a price target of $212.00 in a May 21 report.

💵 Vistra reported quarterly revenue of $4.65 billion and net profit of $1.03 billion for the quarter ending March 31.

📉 Revenue decreased from $5.17 billion last year, while GAAP net loss turned into a profit of $1.03 billion.

⚠️ Corporate insider sentiment is negative due to increased selling activity among 72 insiders over the past quarter.

💸 SVP & CAO Margaret Montemayor sold 4,600 shares for a total of $736,000 earlier this month.

🔍 Analyst Pourreza covers the Utilities sector and has a 65.83% success rate on recommended stocks.

📈 The analyst's average return is 7.9%, indicating a track record of profitable recommendations.

Bullish Signals
  • Wells Fargo maintained a Buy rating on Vistra Corp (VST) with a price target of $259.00, significantly above the recent closing price of $153.70.
  • Analyst consensus suggests a Strong Buy rating for Vistra Corp with an average price target of $229.50, representing a 49.32% upside potential.
  • Morgan Stanley maintained a Buy rating on the stock and raised its price target to $212 from $208 in a recent report.
  • Vistra Corp reported strong quarterly performance with revenue of $4.65 billion and a net profit of $1.03 billion for the quarter ending March 31.
  • The company achieved a significant turnaround, moving from a GAAP net loss of $268 million last year to a substantial net profit this year.
Risk Factors
  • Corporate insider sentiment is negative due to increased selling activity among 72 insiders over the past quarter.
  • SVP & CAO Margaret Montemayor sold 4,600 shares for $736,000 earlier in the month.
Full Analysis
Wells Fargo analyst Shahriar Pourreza maintained a Buy rating on Vistra Corp (VST) with a price target of $259.00 in a report released on June 4, noting the stock closed at $153.70 the previous Friday. The broader market sentiment remains positive, with a Strong Buy consensus and an average price target of $229.50 representing approximately 49% upside potential, while Morgan Stanley also holds a Buy rating with a $212.00 target. Vistra Corp reported quarterly revenue of $4.65 billion and net profit of $1.03 billion for the quarter ending March 31, marking a significant turnaround from the prior year's GAAP net loss of $268 million despite slightly lower revenue of $5.17 billion. However, corporate insider sentiment is currently negative due to increased selling activity among 72 insiders over the past quarter, highlighted by SVP & CAO Margaret Montemayor selling 4,600 shares for $736,000 earlier in the month.