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

Cantor Fitzgerald reissued their overweight rating on shares of VinFast Auto (NASDAQ:VFS) in a report published on Monday, Benzinga reports. They currently have a $9.00 price objective on the stock.

Other equities analysts have also issued research reports about the company. BTIG Research initiated coverage on VinFast Auto in a research note on Wednesday, January 3rd. They issued a buy rating and a $10.00 price objective for the company. Chardan Capital reiterated a buy rating and issued a $13.00 target price on shares of VinFast Auto in a research report on Wednesday, April 10th. Finally, Wedbush reiterated an outperform rating and issued a $12.00 target price on shares of VinFast Auto in a research report on Friday, February 23rd.

VinFast Auto Price Performance

NASDAQ:VFS opened at $2.71 on Monday. The stock has a 50-day simple moving average of $4.81 and a two-hundred day simple moving average of $6.03. VinFast Auto has a 52-week low of $2.56 and a 52-week high of $93.00.

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

Institutional Investors Weigh In On VinFast Auto

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wolverine Asset Management LLC purchased a new stake in VinFast Auto during the fourth quarter valued at approximately $28,000. Saba Capital Management L.P. purchased a new stake in VinFast Auto during the third quarter valued at approximately $125,000. Virtu Financial LLC purchased a new stake in VinFast Auto during the fourth quarter valued at approximately $137,000. QCM Cayman Ltd. purchased a new stake in VinFast Auto during the third quarter valued at approximately $150,000. Finally, Tudor Investment Corp Et Al purchased a new stake in VinFast Auto during the third quarter valued at approximately $264,000.

VinFast Auto Company Profile

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.