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Investing.com - Cantor Fitzgerald has reiterated an Overweight rating and $6.00 price target on VinFast Auto Ltd. (NASDAQ:VFS) following the company’s first-half 2025 performance update. The target represents nearly 89% upside from current levels, though InvestingPro data shows the company faces significant profitability challenges with a -46.28% gross margin.
VinFast delivered 72,167 electric vehicles in the first half of 2025, representing a 223% increase year-over-year, with three of its models ranking among the top five sellers in Vietnam.
The company’s management expects full-year deliveries to at least double 2024’s total of 97,339 units, while e-scooter deliveries increased more than 400% to 114,484 units.
VinFast has expanded its international presence by introducing two electric bus models in Europe and opening its first U.S. dealership in San Diego.
The Vietnamese automaker has also extended its market reach to India and Indonesia as part of its ongoing strategy to build a global footprint.
In other recent news, VinFast Auto Ltd. reported a strong second quarter of 2025, with revenue reaching approximately $663 million. This figure surpassed the Visible Alpha Consensus estimate of $653.9 million and significantly outpaced the $357.4 million recorded in the same quarter last year. The growth was attributed to delivering 35,837 vehicles, a substantial increase from 13,172 deliveries in the second quarter of 2024. Additionally, VinFast expanded its manufacturing capabilities and international presence, including the launch of its VF 6 and VF 7 electric SUVs in India. Cantor Fitzgerald reiterated its Overweight rating on VinFast, maintaining a $6.00 price target, citing the company’s ongoing global expansion efforts. The entry into the Indian market marks a significant step in VinFast’s strategic initiatives. These developments reflect the company’s growth trajectory and strategic moves in the electric vehicle market.
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