VinFast Auto (NASDAQ:VFS) Given New $4.00 Price Target at Cantor Fitzgerald

VinFast Auto (NASDAQ:VFS – Get Free Report) had its price target lowered by Cantor Fitzgerald from $5.00 to $4.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Cantor Fitzgerald’s price target would indicate a potential upside of 37.93% from the stock’s previous close.

VFS has been the topic of several other reports. Weiss Ratings raised VinFast Auto from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, October 6th. Chardan Capital reaffirmed a “buy” rating and issued a $5.50 price objective on shares of VinFast Auto in a research note on Friday. Finally, Yorkville Ives began coverage on VinFast Auto in a report on Monday, October 5th. They issued an “in-line” rating and a $3.50 target price for the company. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, VinFast Auto presently has a consensus rating of “Hold” and an average price target of $4.75.

Get Our Latest Stock Analysis on VinFast Auto

VinFast Auto Stock Down 7.1%

Shares of NASDAQ:VFS opened at $2.90 on Tuesday. VinFast Auto has a 12 month low of $2.78 and a 12 month high of $5.28. The company has a 50-day moving average price of $3.12 and a 200 day moving average price of $3.39.

Hedge Funds Weigh In On VinFast Auto

A number of large investors have recently made changes to their positions in the company. Bank of America Corp DE boosted its stake in shares of VinFast Auto by 525.3% during the 1st quarter. Bank of America Corp DE now owns 189,098 shares of the company’s stock worth $728,000 after purchasing an additional 158,855 shares during the period. Renaissance Technologies LLC raised its position in VinFast Auto by 157.0% in the 1st quarter. Renaissance Technologies LLC now owns 31,100 shares of the company’s stock worth $120,000 after purchasing an additional 19,000 shares during the period. Finally, Lazard Asset Management LLC raised its position in VinFast Auto by 3.2% in the 1st quarter. Lazard Asset Management LLC now owns 185,329 shares of the company’s stock worth $714,000 after purchasing an additional 5,744 shares during the period.

More VinFast Auto News

Here are the key news stories impacting VinFast Auto this week:

About VinFast Auto

(Get Free Report)

VinFast Auto is a Vietnam-based automotive manufacturer focused on developing and producing electric vehicles. The company offers a range of electric sport utility vehicles and cars, including the VF 3, VF 5, VF 6, VF 7, VF 8 and VF 9, as well as electric scooters and buses. Its business also includes related battery and charging solutions designed to support electric-vehicle ownership.

Founded in 2017 as part of Vingroup, VinFast became Vietnam’s first volume automotive manufacturer and initially produced gasoline-powered vehicles before transitioning to an all-electric product lineup.

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Analyst Recommendations for VinFast Auto (NASDAQ:VFS)

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