VinFast Auto's (VFS, Financial) stock has been downgraded by BTIG from a Buy to a Neutral rating, following the release of its fourth-quarter results. Despite maintaining its delivery guidance, the firm has raised concerns regarding the company's profitability as a key issue for investors. The global decline in electric vehicle (EV) prices is cited as a significant factor that could delay VinFast’s path to profitability.
According to the analysis, achieving profitability remains challenging for VinFast in the current market environment. As EV prices continue to decrease globally, reaching a breakeven point appears more distant, which could impact investor sentiment and confidence in the short to medium term.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 3 analysts, the average target price for VinFast Auto Ltd (VFS, Financial) is $9.00 with a high estimate of $13.00 and a low estimate of $6.00. The average target implies an upside of 171.08% from the current price of $3.32. More detailed estimate data can be found on the VinFast Auto Ltd (VFS) Forecast page.
Based on the consensus recommendation from 4 brokerage firms, VinFast Auto Ltd's (VFS, Financial) average brokerage recommendation is currently 1.5, indicating "Buy" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
