VinFast Auto Ltd. (NASDAQ:VFS) Receives Consensus Rating of “Hold” from Analysts

VinFast Auto Ltd. (NASDAQ:VFS) has earned an average rating of “Hold” from the five research firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $5.8333.

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

VinFast Auto Stock Performance

NASDAQ VFS opened at $3.15 on Wednesday. The firm’s fifty day moving average price is $3.35 and its two-hundred day moving average price is $3.34. The stock has a market cap of $7.37 billion, a PE ratio of -1.97 and a beta of 0.87. VinFast Auto has a fifty-two week low of $2.56 and a fifty-two week high of $3.82.

Institutional Investors Weigh In On VinFast Auto

Institutional investors have recently made changes to their positions in the stock. Brooklyn Investment Group bought a new position in shares of VinFast Auto during the third quarter worth about $61,000. Bank of America Corp DE boosted its holdings in shares of VinFast Auto by 132.3% during the 3rd quarter. Bank of America Corp DE now owns 75,194 shares of the company’s stock worth $242,000 after buying an additional 42,826 shares in the last quarter. PharVision Advisers LLC bought a new position in VinFast Auto during the third quarter worth $43,000. LPL Financial LLC acquired a new stake in shares of VinFast Auto in the 4th quarter valued at about $105,000. Finally, Renaissance Technologies LLC bought a new stake in VinFast Auto in the 4th quarter valued at about $40,000.

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.