Cantor Fitzgerald reissued their overweight rating on shares of VinFast Auto (NASDAQ:VFS – Free Report) in a report issued on Tuesday, Benzinga reports. They currently have a $8.00 price objective on the stock.
Separately, Chardan Capital reissued a buy rating and issued a $13.00 target price on shares of VinFast Auto in a research report on Monday, May 13th.
Get Our Latest Stock Report on VFS
VinFast Auto Stock Performance
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Qsemble Capital Management LP bought a new position in VinFast Auto during the 1st quarter valued at approximately $87,000. Daiwa Securities Group Inc. bought a new position in VinFast Auto during the 1st quarter valued at approximately $195,000. Capstone Investment Advisors LLC bought a new position in VinFast Auto during the 1st quarter valued at approximately $342,000. Finally, Tidal Investments LLC increased its position 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.
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.
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