VinFast Auto (NASDAQ:VFS) Given New $5.00 Price Target at BTIG Research

VinFast Auto (NASDAQ:VFS) had its price target lowered by BTIG Research from $8.00 to $5.00 in a report issued on Thursday, Benzinga reports. The firm currently has a buy rating on the stock.

A number of other research firms have also issued reports on VFS. Cantor Fitzgerald reaffirmed an overweight rating and issued a $9.00 target price on shares of VinFast Auto in a report on Monday. Chardan Capital reiterated a buy rating and set a $13.00 target price on shares of VinFast Auto in a research note on Wednesday, April 10th. Finally, Wedbush restated an outperform rating and issued a $12.00 price target on shares of VinFast Auto in a research report on Friday, February 23rd.

VinFast Auto Trading Down 0.4 %

Shares of NASDAQ:VFS opened at $2.71 on Thursday. VinFast Auto has a 1 year low of $2.56 and a 1 year high of $93.00. The firm has a fifty day moving average price of $4.81 and a 200 day moving average price of $6.03.

VinFast Auto (NASDAQ:VFS) last posted its earnings results on Thursday, February 22nd. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.06). The company had revenue of $436.51 million for the quarter, compared to analyst estimates of $582.34 million. As a group, research analysts anticipate that VinFast Auto will post -0.88 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in shares of VinFast Auto in the 4th quarter valued at approximately $329,000. Tudor Investment Corp Et Al bought a new stake in VinFast Auto in the third quarter valued at $264,000. Virtu Financial LLC acquired a new position in VinFast Auto during the fourth quarter worth $137,000. QCM Cayman Ltd. bought a new position in shares of VinFast Auto during the third quarter valued at $150,000. Finally, Saba Capital Management L.P. acquired a new stake in shares of VinFast Auto in the 3rd quarter valued at $125,000.

About VinFast Auto

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.