VinFast Auto (NASDAQ:VFS) Price Target Cut to $5.00

VinFast Auto (NASDAQ:VFS) had its target price decreased by analysts at BTIG Research from $8.00 to $5.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a “buy” rating on the stock. BTIG Research’s price target indicates a potential upside of 98.41% from the company’s current price.

VFS has been the topic of several other research reports. Cantor Fitzgerald restated an “overweight” rating and issued a $9.00 target price on shares of VinFast Auto in a research report on Monday, April 15th. Chardan Capital reaffirmed a “buy” rating and issued a $13.00 price target on shares of VinFast Auto in a report on Wednesday, April 10th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $12.00 price target on shares of VinFast Auto in a report on Friday, February 23rd.

VinFast Auto Price Performance

Shares of VFS stock opened at $2.52 on Thursday. The stock’s 50-day simple moving average is $4.76 and its 200-day simple moving average is $5.98. VinFast Auto has a fifty-two week low of $2.43 and a fifty-two week high of $93.00.

VinFast Auto (NASDAQ:VFS) last posted its earnings results on Thursday, February 22nd. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.06). The company 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 fiscal year.

Institutional Trading of VinFast Auto

Institutional investors and hedge funds have recently made changes to their positions in the company. Wolverine Asset Management LLC acquired a new position in VinFast Auto in the 4th quarter valued at about $28,000. Saba Capital Management L.P. acquired a new position in VinFast Auto in the 3rd quarter valued at about $125,000. QCM Cayman Ltd. acquired a new position in VinFast Auto in the 3rd quarter valued at about $150,000. Virtu Financial LLC acquired a new position in VinFast Auto in the 4th quarter valued at about $137,000. Finally, Tudor Investment Corp Et Al acquired a new position in VinFast Auto in the 3rd quarter valued at about $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.