VinFast Auto Stock Prediction and Future Outlook by BTIG Analyst
VinFast Auto Stock Potential and Analyst Insights
Investors might want to wait and see if VinFast can truly expand as quickly as it believes it can. When VinFast Auto (NASDAQ: VFS) reported its first-quarter financial update this week, it had a mixed report for investors. The Vietnamese electric vehicle (EV) manufacturer reaffirmed that it expects to produce 100,000 EVs this year. But its first-quarter vehicle production and revenue were still a disappointment.
Expert Analysis and Price Projection
That led analysts at investment banking firm BTIG to lower their stock price target for VinFast from $8 to $5 per share. The new price target would still represent a gain of 98% from the stock's current $2.52 price over the next 12 months or so. BTIG analyst Gregory Lewis and his team also feel the stock is still a buy.
- VinFast expansion plans and challenges
- Production target for 2024
- Comparison of revenue expectations
Investors might want to take a wait-and-see approach, much uncertainty, as well as a high amount of capital spending, make this stock too risky at this point in its development.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.