Cantor Fitzgerald Maintains Overweight Rating for VinFast Auto: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Cantor Fitzgerald has reaffirmed its Overweight rating on VinFast Auto (NASDAQ:VFS) and increased its price target from $7.00 to $9.00. VinFast Auto's shares have risen 1.63% to $6.24 in the last 24 hours. The new price target suggests a potential upside of 44.23% from the current share price. VinFast Auto is involved in the design, manufacturing, and sale of premium EVs, e-scooters, and e-buses, with three main segments: Automobiles, E-scooter, and Spare parts & Aftermarket services.
January 24, 2024 | 5:00 pm
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Cantor Fitzgerald maintains an Overweight rating on VinFast Auto and raises the price target to $9, indicating a significant potential upside from the current price.
The reaffirmation of an Overweight rating and an increased price target by a reputable analyst firm like Cantor Fitzgerald can be a strong positive signal to the market, potentially leading to increased investor confidence and a rise in stock price in the short term.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100