Cantor Fitzgerald Maintains Overweight Rating for VinFast Auto: Here's What You Need To Know

Cantor Fitzgerald has decided to maintain its Overweight rating of VinFast Auto VFS and raise its price target from $7.00 to $9.00.

Shares of VinFast Auto are trading up 1.63% over the last 24 hours, at $6.24 per share.

A move to $9.00 would account for a 44.23% increase from the current share price.

About VinFast Auto

VinFast Auto Ltd manufacture cars, and motor vehicles, render leasing activities, trade smartphones, and related businesses. The company is engaged in designing and manufacturing premium EVs, e-scooters, and e-buses. The company's initial EV product line is an all-new range of fully-electric A- through E-segment SUVs. The Company has three reportable segments, namely Automobiles, E-scooter, Spare parts & Aftermarket services. The Automobiles segment includes the design, development, manufacturing, and sales of cars and electric buses. The E-scooter segment includes the design, development, manufacturing, and sales of e-scooters. The sales of spare parts and rendering of aftermarket services for automobiles and e-scooters are included in the Spare parts & Aftermarket services segment.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.