Analysts Set VinFast Auto Ltd. (NASDAQ:VFS) Price Target at $5.83

Shares of VinFast Auto Ltd. (NASDAQ:VFS) have received a consensus recommendation of “Hold” from the five research firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $5.8333.

VFS has been the subject of several recent research reports. Wedbush reiterated an “outperform” rating and set a $6.00 price target on shares of VinFast Auto in a research report on Monday, November 24th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $6.00 price objective on shares of VinFast Auto in a research note on Friday, September 5th. Chardan Capital reiterated a “buy” rating and issued a $5.50 target price on shares of VinFast Auto in a research note on Friday, September 5th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of VinFast Auto in a report on Monday, December 8th.

VinFast Auto Price Performance

NASDAQ:VFS opened at $3.43 on Friday. The company’s fifty day moving average price is $3.33 and its 200-day moving average price is $3.40. VinFast Auto has a 1-year low of $2.56 and a 1-year high of $4.65. The firm has a market capitalization of $8.02 billion, a P/E ratio of -2.14 and a beta of 0.88.

VinFast Auto (NASDAQ:VFS) last announced its quarterly earnings results on Friday, November 21st. The company reported ($0.41) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.16). The business had revenue of $718.63 million during the quarter, compared to the consensus estimate of $21,712.78 billion. Equities analysts anticipate that VinFast Auto will post -1.06 EPS for the current fiscal year.

Hedge Funds Weigh In On VinFast Auto

Institutional investors and hedge funds have recently modified their holdings of the business. PharVision Advisers LLC purchased a new position in VinFast Auto during the third quarter worth approximately $43,000. State of Wyoming acquired a new position in shares of VinFast Auto during the 2nd quarter worth approximately $63,000. Brooklyn Investment Group purchased a new position in shares of VinFast Auto during the 3rd quarter valued at approximately $61,000. Blue Trust Inc. acquired a new stake in VinFast Auto in the 3rd quarter valued at $93,000. Finally, SBI Securities Co. Ltd. grew its stake in VinFast Auto by 28.6% in the 2nd quarter. SBI Securities Co. Ltd. now owns 51,107 shares of the company’s stock valued at $182,000 after acquiring an additional 11,354 shares during the period.

VinFast Auto Company Profile

VinFast Auto, founded in 2017 as a subsidiary of Vietnam’s Vingroup, specializes in the design, development and manufacturing of electric vehicles and related mobility solutions. Headquartered in Haiphong, Vietnam, the company operates an integrated production complex that houses research and development, manufacturing and assembly facilities. Backed by Vingroup founder Pham Nhat Vuong, VinFast has rapidly expanded its product line from its first electric SUV, the VF e34, launched in late 2021, to a diverse portfolio of battery electric cars and electric scooters.

The company’s vehicle lineup includes the VF 8 and VF 9 sport utility vehicles, as well as electric passenger cars tailored for markets in Asia, North America and Europe.