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

Shares of VinFast Auto Ltd. (NASDAQ:VFS) have earned a consensus rating of “Hold” from the five brokerages that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $5.8333.

A number of brokerages have commented on VFS. Wedbush reiterated an “outperform” rating and issued a $6.00 price objective on shares of VinFast Auto in a research report on Monday, November 24th. Weiss Ratings restated a “sell (e+)” rating on shares of VinFast Auto in a research report on Monday, December 29th. Finally, Chardan Capital reaffirmed a “buy” rating and set a $5.50 price target on shares of VinFast Auto in a research note on Tuesday.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC bought a new position in shares of VinFast Auto in the 4th quarter valued at about $40,000. PharVision Advisers LLC acquired a new position in VinFast Auto in the third quarter valued at approximately $43,000. Quadrature Capital Ltd acquired a new position in VinFast Auto in the fourth quarter valued at approximately $48,000. Brooklyn Investment Group bought a new position in VinFast Auto in the third quarter valued at approximately $61,000. Finally, State of Wyoming bought a new position in VinFast Auto in the second quarter valued at approximately $63,000.

VinFast Auto Price Performance

VFS opened at $3.12 on Wednesday. The company’s 50 day simple moving average is $3.33 and its 200-day simple moving average is $3.33. VinFast Auto has a one year low of $2.56 and a one year high of $3.82. The stock has a market capitalization of $7.30 billion, a P/E ratio of -1.95 and a beta of 0.87.

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.