VinFast Auto (NASDAQ:VFS) Earns Buy Rating from Chardan Capital

VinFast Auto (NASDAQ:VFS)‘s stock had its “buy” rating restated by equities research analysts at Chardan Capital in a research note issued to investors on Friday, Benzinga reports. They currently have a $5.50 price target on the stock. Chardan Capital’s price objective indicates a potential upside of 71.34% from the company’s current price.

Separately, Weiss Ratings upgraded shares of VinFast Auto from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, October 6th. Three research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, VinFast Auto presently has an average rating of “Moderate Buy” and an average price target of $5.50.

VinFast Auto Trading Up 6.3%

Shares of VinFast Auto stock opened at $3.21 on Friday. VinFast Auto has a 12-month low of $2.78 and a 12-month high of $5.28. The firm’s 50-day moving average price is $3.13 and its two-hundred day moving average price is $3.40.

Institutional Investors Weigh In On VinFast Auto

A number of hedge funds and other institutional investors have recently bought and sold shares of VFS. Bank of America Corp DE grew its position in 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 acquiring an additional 158,855 shares during the last quarter. Renaissance Technologies LLC raised its position in VinFast Auto by 157.0% in the first quarter. Renaissance Technologies LLC now owns 31,100 shares of the company’s stock valued at $120,000 after purchasing an additional 19,000 shares during the last quarter. Finally, Lazard Asset Management LLC raised its position in VinFast Auto by 3.2% in the first quarter. Lazard Asset Management LLC now owns 185,329 shares of the company’s stock valued at $714,000 after purchasing an additional 5,744 shares during the last quarter.

VinFast Auto Company Profile

VinFast Auto Ltd. is a Vietnamese automotive company focused on developing, manufacturing and selling electric vehicles. Its product portfolio includes electric sport utility vehicles, cars, scooters and buses, along with related batteries, charging solutions and vehicle services.

Founded in 2017 as part of Vietnam’s Vingroup ecosystem, VinFast began vehicle production at its manufacturing complex in Hai Phong, Vietnam. The company has expanded its sales and market activities beyond Vietnam, serving customers in international markets including North America and parts of Asia.