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

VinFast Auto (NASDAQ:VFS)‘s stock had its “overweight” rating reiterated by investment analysts at Cantor Fitzgerald in a note issued to investors on Monday, Benzinga reports. They currently have a $8.00 price objective on the stock. Cantor Fitzgerald’s price objective would suggest a potential upside of 75.82% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. BTIG Research reduced their price target on shares of VinFast Auto from $8.00 to $5.00 and set a “buy” rating for the company in a research report on Thursday, April 18th. Chardan Capital reiterated a “buy” rating and set a $13.00 target price on shares of VinFast Auto in a research note on Monday, May 13th.

VinFast Auto Stock Performance

NASDAQ:VFS traded up $0.01 on Monday, reaching $4.55. 722,556 shares of the stock traded hands, compared to its average volume of 2,379,540. The company’s 50 day moving average is $4.45 and its 200-day moving average is $4.69. VinFast Auto has a 1-year low of $2.26 and a 1-year high of $93.00.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Tidal Investments LLC grew its holdings in VinFast Auto by 18.7% during the 1st quarter. Tidal Investments LLC now owns 153,560 shares of the company’s stock valued at $763,000 after buying an additional 24,235 shares in the last quarter. Qsemble Capital Management LP purchased a new position in shares of VinFast Auto during the first quarter worth about $87,000. Daiwa Securities Group Inc. purchased a new position in shares of VinFast Auto during the first quarter worth about $195,000. Capstone Investment Advisors LLC purchased a new position in shares of VinFast Auto during the first quarter worth about $342,000. Finally, Wolverine Asset Management LLC purchased a new position in shares of VinFast Auto during the fourth quarter worth about $28,000.

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.