Chardan Capital restated their buy rating on shares of VinFast Auto (NASDAQ:VFS – Free Report) in a report published on Wednesday morning,Benzinga reports. They currently have a $5.50 target price on the stock.
Several other analysts have also recently commented on VFS. Weiss Ratings upgraded shares of VinFast Auto from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, July 29th. Wedbush restated an “outperform” rating and issued a $6.00 price target on shares of VinFast Auto in a research report on Wednesday, June 10th. Wall Street Zen upgraded VinFast Auto from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 6th. Finally, Cantor Fitzgerald lowered their target price on shares of VinFast Auto from $6.00 to $5.00 and set an “overweight” rating for the company in a research note on Tuesday, June 9th. Three equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, VinFast Auto presently has an average rating of “Moderate Buy” and an average price target of $5.50.
VinFast Auto Stock Up 0.6%
VinFast Auto (NASDAQ:VFS – Get Free Report) last posted its quarterly earnings data on Monday, June 8th. The company reported ($0.48) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.12). The firm had revenue of $921.00 million during the quarter, compared to analysts’ expectations of $1.01 billion. As a group, equities research analysts anticipate that VinFast Auto will post -1.45 EPS for the current year.
Institutional Investors Weigh In On VinFast Auto
A number of hedge funds have recently made changes to their positions in the stock. Lazard Asset Management LLC bought a new stake in VinFast Auto during the fourth quarter valued at about $600,000. Bank of America Corp DE raised its holdings in VinFast Auto by 525.3% in the first quarter. Bank of America Corp DE now owns 189,098 shares of the company’s stock worth $728,000 after purchasing an additional 158,855 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of VinFast Auto by 87.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 156,601 shares of the company’s stock valued at $523,000 after buying an additional 72,923 shares during the last quarter. Vident Advisory LLC lifted its position in shares of VinFast Auto by 72.0% during the fourth quarter. Vident Advisory LLC now owns 86,449 shares of the company’s stock valued at $289,000 after buying an additional 36,198 shares during the last quarter. Finally, LPL Financial LLC bought a new stake in shares of VinFast Auto in the 4th quarter valued at about $105,000.
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.
Recommended Stories
- Five stocks we like better than VinFast Auto
- Sony and TSMC’s $4.7 Billion Venture Is About More Than Camera Sensors
- Quantum Leaps: Debt-Free as AI Storage Demand Accelerates
- NVIDIA’s $500 Billion GPU Financing Deal Fuels Path Toward $270
- Sandisk’s Margins Look Like Software. Can They Last?
Receive News & Ratings for VinFast Auto Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VinFast Auto and related companies with MarketBeat.com's FREE daily email newsletter.
