Key Takeaways:
- VinFast Auto Ltd. (VFS, Financial) achieves a substantial 68.8% revenue increase in Q4.
- The company reports a notable 143% rise in EV deliveries, yet notes a widened net loss.
- Strategic R&D investments are planned to expand and innovate VinFast’s electric vehicle lineup.
VinFast Auto Ltd. (VFS) reported an impressive revenue surge of 68.8% year-over-year, reaching a total of $677.9 million for the fourth quarter. This remarkable growth is attributed to the company's soaring electric vehicle (EV) deliveries, which soared by 143% to 53,139 units. Despite these achievements, VinFast experienced a widened net loss of $1.26 billion. To fortify its position in the EV market, the company plans significant investments in research and development aimed at enhancing its electric vehicle offerings.
Wall Street Analysts Forecast
Analysis from Wall Street reveals optimistic projections for VinFast Auto Ltd (VFS, Financial). Three analysts have set a one-year average price target of $9.00 for the company, with projections ranging from a high of $13.00 to a low of $6.00. This average target suggests a significant upside potential of 170.27% from the current stock price of $3.33. For a detailed breakdown of these estimates, visit the VinFast Auto Ltd (VFS) Forecast page.
Furthermore, consensus among four brokerage firms rates VinFast Auto Ltd.'s (VFS, Financial) average brokerage recommendation at 1.5, which indicates a "Buy" status. The rating employs a scale from 1 to 5, where 1 represents a Strong Buy, and 5 corresponds to a Sell recommendation.
