VinFast Auto (NASDAQ:VFS) Rating Reiterated by Cantor Fitzgerald

Cantor Fitzgerald reiterated their overweight rating on shares of VinFast Auto (NASDAQ:VFS) in a research note released on Monday, Benzinga reports. They currently have a $9.00 target price on the stock.

Several other equities research analysts have also commented on VFS. Chardan Capital reiterated a buy rating and set a $13.00 price objective on shares of VinFast Auto in a research note on Wednesday, April 10th. BTIG Research began coverage on VinFast Auto in a research note on Wednesday, January 3rd. They set a buy rating and a $10.00 price objective for the company. Finally, Wedbush reiterated an outperform rating and set a $12.00 price objective on shares of VinFast Auto in a research note on Friday, February 23rd.

VinFast Auto Stock Performance

Shares of VinFast Auto stock opened at $2.71 on Monday. VinFast Auto has a twelve month low of $2.56 and a twelve month high of $93.00. The business has a 50-day moving average price of $4.81 and a 200 day moving average price of $6.03.

VinFast Auto (NASDAQ:VFS) last posted its quarterly earnings data on Thursday, February 22nd. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.06). The business had revenue of $436.51 million during the quarter, compared to the consensus estimate of $582.34 million. As a group, equities analysts expect that VinFast Auto will post -0.88 EPS for the current fiscal year.

Institutional Investors Weigh In On VinFast Auto

A number of large investors have recently made changes to their positions in the stock. SG Americas Securities LLC purchased a new stake in shares of VinFast Auto in the fourth quarter valued at approximately $329,000. Tudor Investment Corp Et Al purchased a new stake in shares of VinFast Auto in the third quarter valued at approximately $264,000. Virtu Financial LLC purchased a new stake in shares of VinFast Auto in the fourth quarter valued at approximately $137,000. QCM Cayman Ltd. purchased a new stake in shares of VinFast Auto in the third quarter valued at approximately $150,000. Finally, Saba Capital Management L.P. acquired a new position in VinFast Auto in the third quarter valued at approximately $125,000.

About VinFast Auto

VinFast Auto Ltd. engages in the design and manufacture of electric vehicles (EV), e-scooters, and e-buses in Vietnam, Canada, and the United States. The company operates through three segments: Automobiles, E-scooter, and Spare Parts & Aftermarket Services. The Automobiles segment offers design, development, manufacturing, and sale of cars and electric buses, and related battery lease and battery charging services for electric cars and buses.