VinFast Auto (NASDAQ:VFS) Receives Overweight Rating from Cantor Fitzgerald

Posted by Alanna Baker on Jul 26th, 2024

Cantor Fitzgerald reiterated their overweight rating on shares of VinFast Auto (NASDAQ:VFS – Free Report) in a report released on Monday, Benzinga reports. They currently have a $8.00 price target on the stock.

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

Check Out Our Latest Stock Report on VFS

VinFast Auto Trading Up 1.5 %

NASDAQ VFS opened at $4.12 on Monday. The company’s 50 day simple moving average is $4.44 and its two-hundred day simple moving average is $4.64. VinFast Auto has a 1 year low of $2.26 and a 1 year high of $93.00.

Institutional Investors Weigh In On VinFast Auto

Large investors have recently added to or reduced their stakes in the company. Wolverine Asset Management LLC purchased a new position in shares of VinFast Auto during the fourth quarter worth approximately $28,000. Qsemble Capital Management LP purchased a new stake in shares of VinFast Auto in the 1st quarter valued at $87,000. Daiwa Securities Group Inc. bought a new position in shares of VinFast Auto during the 1st quarter valued at $195,000. SG Americas Securities LLC purchased a new position in VinFast Auto in the 4th quarter worth $329,000. Finally, Capstone Investment Advisors LLC bought a new stake in VinFast Auto in the first quarter worth $342,000.

VinFast Auto Company Profile

(Get Free Report)

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.