TSP Weekly Tech Stock Update—Feb 7, 2026
This Week: Software stocks knocked down, Apple shares rally, GOOGL earnings review, Atlassian raises cloud growth guide, Goldman upbeat on VST, MSFT bull/bear debate, why SNOW selloff overdone & more.
Hello from Rob…
—Goldman Sachs upgraded shares of power provider Vistra (VST, $149.65) to ‘Buy’ with a price target of $205. At Thursday’s low of $138.53, the stock had pulled back 37% from the all-time high of $219.82 reached in September.
The firm raised its estimates and sees upside potential to consensus after incorporating the Meta power purchase agreement (PPA) into its numbers. Goldman sees potential upside of 3% to 9% to its 2028 EBITDA if Vistra contracts the rest of its nuclear generation in a similar price range.
Goldman believes the valuation is near trough levels, driven by broader weakness in the power/AI trade, affordability concerns and related risk around signing PPAs in an environment focused on BYOG, despite further M&A optionality and this year’s Meta PPA.
*Inside This Issue: Surging Hyperscaler AI CapEx
—Paid subscribers will receive the February 2026 PDF of Tech-Stock Prospector (TSP #288) via email on Tuesday, February 10.
—Paid subscribers have access to the TSP Market Overview and TSP Portfolio Updates sections inside this issue.