Vistra Corp. (NYSE:VST) is one of the Cheap Stocks to Buy for High Returns in 2026. On March 10, analysts at Morgan Stanley released a research note highlighting the firm’s bullish sentiment on AI infrastructure. Morgan Stanley has a Buy rating on Vistra Corp. (NYSE:VST) with a $215 price target.

​The firm noted that the demand for computing power is expected to keep outpacing supply despite increased power costs and other regulatory pushbacks. Morgan Stanley noted that AI advancements, particularly the capabilities of large language models, are accelerating non-linearly along with the rising economic value from adoption. In this situation, the firm believes that providers of key technologies, including AI infrastructure, power, and other elite hardware, are expected to witness an increase in value.

 

​The firm also noted that bitcoin miners have pivoted towards AI; moreover, neocloud companies are securing large prepayments for capital expenditure to build high-performance computing data centers. Morgan Stanley believes that companies, including Vistra Corp. (NYSE:VST), GE Vernova (NYSE:GEV), Bloom Energy (NYSE:BE), and other power and utilities companies, are expected to benefit from AI infrastructure growth.

​Vistra Corp. (NYSE:VST) is a power generation company with a 44,000 megawatt generation portfolio composed of nuclear, coal, solar, gas, and other sources.

While we acknowledge the potential of VST as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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