VinFast Auto

VFS · NASDAQ

$3.07+$0.11 (+3.72%)TodayMarket closed · Oct 23, 7:57 PM ET

Prev close $2.96

VFS analyst rating

BuyConsensus of 4 analysts over the last 12 months. 100% rate it a buy.

Strong buy0
Buy4
Hold0
Underperform0
Sell0

12-month price target · 5 analysts

Average $5.41 (+76.2% upside)

Low: $4.04
Now: $3.07
High: $6.52

Upgrades and downgrades

The latest rating actions, newest first

VFS analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Chardan Capital	Oct 20, 2026	Maintains	Buy	$5.50 → $5.00	29%
Cantor Fitzgerald	Oct 20, 2026	Maintains	Overweight	$5.00 → $4.00	59%
Chardan Capital	Oct 16, 2026	Maintains	Buy	$5.50	29%
Chardan Capital	Aug 12, 2026	Maintains	Buy	$5.50	29%
Wedbush	Jun 10, 2026	Maintains	Outperform	$6.00	64%
Cantor Fitzgerald	Jun 9, 2026	Maintains	Overweight	$6.00 → $5.00	59%
Chardan Capital	Jun 9, 2026	Maintains	Buy	$5.50	29%
Chardan Capital	Apr 23, 2026	Maintains	Buy	$5.50	29%
Chardan Capital	Mar 17, 2026	Maintains	Buy	$5.50	29%
Chardan Capital	Mar 3, 2026	Maintains	Buy	$5.50	29%

The case for and against

Updated Oct 21, 2026

Bull case

VinFast Auto is viewed positively because its recent strategic transactions and founder support should reduce capital intensity, overhead, and cash burn while strengthening liquidity, including about $530 million from the manufacturing-operations sale and an approximately $400 million capital contribution. The company’s delivery momentum is also encouraging, with 58,577 EVs and 143,136 e-scooters delivered in the quarter, while July Vietnam EV deliveries of 21,781 units were roughly 90% higher than July 2025, supporting confidence in the at least 300,000-vehicle goal for 2026. Its outlook is further improved by expanding international sales, a 2027 EBITDA breakeven target in Vietnam, and growing exposure to e-scooter electrification and autonomous initiatives that could lift margins and long-term cash flow.

Bear case

VinFast Auto is facing a deeply challenged operating profile, as FY1Q26 revenue of $920.7 million missed the Street’s $1.00 billion estimate and gross margin fell to (73.6%), reflecting a $192.0 million free-charging revenue deduction, revenue deferrals, and NRV adjustments. Despite delivering ~58.6k EVs and maintaining strong Vietnam share, the company still posted operating income of ($910.7) billion and Non-GAAP Adj. EBITDA of ($783.0) million, underscoring that scale is not yet translating into profitability. Its outlook remains pressured by reliance on its majority shareholder for cash, competitive intensity from larger EV makers, and macro risks such as tariffs, export controls, and the path of interest rates.

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