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

VinFast Auto Ltd. (NASDAQ:VFS) has been given an average recommendation of “Hold” by the five research firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $5.8333.

VFS has been the subject of several research analyst reports. Wedbush reaffirmed an “outperform” rating and issued a $6.00 target price on shares of VinFast Auto in a research report on Monday, November 24th. Chardan Capital reissued a “buy” rating and issued a $5.50 price target on shares of VinFast Auto in a research note on Tuesday. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of VinFast Auto in a research report on Monday, December 29th.

VinFast Auto Stock Performance

NASDAQ VFS opened at $3.34 on Friday. The stock has a market cap of $7.81 billion, a P/E ratio of -2.09 and a beta of 0.87. VinFast Auto has a fifty-two week low of $2.56 and a fifty-two week high of $3.88. The stock has a 50 day simple moving average of $3.38 and a two-hundred day simple moving average of $3.36.

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

Hedge Funds Weigh In On VinFast Auto

Several institutional investors and hedge funds have recently added to or reduced their stakes in VFS. Goldman Sachs Group Inc. increased its stake in shares of VinFast Auto by 87.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 156,601 shares of the company’s stock worth $523,000 after acquiring an additional 72,923 shares in the last quarter. Bank of America Corp DE grew its holdings in VinFast Auto by 132.3% in the third quarter. Bank of America Corp DE now owns 75,194 shares of the company’s stock worth $242,000 after purchasing an additional 42,826 shares during the period. LPL Financial LLC purchased a new stake in VinFast Auto in the fourth quarter worth about $105,000. State of Wyoming bought a new position in shares of VinFast Auto during the second quarter valued at approximately $63,000. Finally, Brooklyn Investment Group purchased a new position in shares of VinFast Auto during the third quarter valued at approximately $61,000.

About VinFast Auto

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.