BTIG Research Trims VinFast Auto (NASDAQ:VFS) Target Price to $5.00

VinFast Auto (NASDAQ:VFS) had its price objective cut by research analysts at BTIG Research from $8.00 to $5.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. BTIG Research’s target price would indicate a potential upside of 83.82% from the company’s current price.

A number of other research firms also recently weighed in on VFS. Cantor Fitzgerald reiterated an “overweight” rating and set a $9.00 target price on shares of VinFast Auto in a research report on Monday. Wedbush restated an “outperform” rating and set a $12.00 price objective on shares of VinFast Auto in a research report on Friday, February 23rd. Finally, Chardan Capital restated a “buy” rating and set a $13.00 price objective on shares of VinFast Auto in a research report on Wednesday, April 10th.

VinFast Auto Price Performance

VFS stock opened at $2.72 on Thursday. VinFast Auto has a 1-year low of $2.59 and a 1-year high of $93.00. The business’s 50 day simple moving average is $4.87 and its 200 day simple moving average is $6.05.

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

Hedge Funds Weigh In On VinFast Auto

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Virtu Financial LLC acquired a new position in VinFast Auto in the 4th quarter worth about $137,000. Wolverine Asset Management LLC acquired a new stake in shares of VinFast Auto in the fourth quarter valued at about $28,000. SG Americas Securities LLC acquired a new stake in shares of VinFast Auto in the fourth quarter valued at about $329,000. Tudor Investment Corp Et Al acquired a new stake in shares of VinFast Auto in the third quarter valued at about $264,000. Finally, Saba Capital Management L.P. acquired a new stake in shares of VinFast Auto in the third quarter valued at about $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.