VinFast Auto (NASDAQ:VFS) Upgraded to "Sell" at Wall Street Zen

Key Points

• Wall Street Zen upgraded VinFast Auto from “strong sell” to “sell,” a less-negative rating that still indicates a bearish view.
• Analyst opinions remain mixed: MarketBeat reports an average rating of “Hold” and a consensus price target of $4.75, with individual targets ranging from $3.50 to $5.50.
• VFS opened at $3.05 on Friday, near its 12-month low of $2.78 and below its 12-month high of $5.28.

VinFast Auto (NASDAQ:VFS - Get Free Report) was upgraded by analysts at Wall Street Zen from a "strong sell" rating to a "sell" rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Several other brokerages also recently commented on VFS. Yorkville Ives assumed coverage on shares of VinFast Auto in a report on Monday, October 5th. They set an "in-line" rating and a $3.50 target price for the company. Weiss Ratings raised VinFast Auto from a "sell (e+)" rating to a "sell (d-)" rating in a report on Tuesday. Cantor Fitzgerald reduced their price target on shares of VinFast Auto from $5.00 to $4.00 and set an "overweight" rating on the stock in a research report on Tuesday, October 20th. Finally, Chardan Capital reiterated a "buy" rating and issued a $5.50 target price on shares of VinFast Auto in a research report on Friday, October 16th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $4.75.

VinFast Auto Price Performance

Shares of NASDAQ VFS opened at $3.05 on Friday. VinFast Auto has a twelve month low of $2.78 and a twelve month high of $5.28. The business's 50 day moving average price is $3.13 and its two-hundred day moving average price is $3.33.

Institutional Investors Weigh In On VinFast Auto

Several large investors have recently modified their holdings of VFS. StoneX Group Inc. acquired a new stake in VinFast Auto during the 3rd quarter worth about $62,000. Renaissance Technologies LLC increased its position in shares of VinFast Auto by 157.0% during the first quarter. Renaissance Technologies LLC now owns 31,100 shares of the company's stock worth $120,000 after acquiring an additional 19,000 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in VinFast Auto during the 3rd quarter worth approximately $154,000. Lazard Asset Management LLC grew its holdings in VinFast Auto by 3.2% during the first quarter. Lazard Asset Management LLC now owns 185,329 shares of the company's stock worth $714,000 after buying an additional 5,744 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in shares of VinFast Auto by 525.3% in 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 in the last quarter.

VinFast Auto Company Profile

VinFast Auto Ltd. is a Vietnam-based manufacturer of electric vehicles and related mobility products. The company's lineup includes electric cars, scooters and buses, and it develops services and infrastructure to support electric-vehicle ownership. Founded in 2017 as part of Vietnamese conglomerate Vingroup, VinFast began producing vehicles in Vietnam and has expanded its sales efforts internationally. Its markets include Vietnam and selected countries in North America, Europe and Asia. VinFast is focused on building its electric-vehicle business, including expanding its product range and distribution network.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.