VinFast stock rating reiterated at Overweight by Cantor Fitzgerald

Investing.com - Cantor Fitzgerald has reiterated its Overweight rating and $6.00 price target on VinFast Auto Ltd. (NASDAQ:VFS), maintaining its positive outlook on the Vietnamese electric vehicle manufacturer. The target represents nearly 78% upside from the current price of $3.38, though InvestingPro analysis suggests the stock is currently fairly valued based on its proprietary Fair Value model.

The firm’s reaffirmation follows VinFast’s announcement on June 18 regarding the opening of its first authorized dealership in California. This milestone represents the initial implementation of the company’s dealership model across the United States.

VinFast had previously introduced its dealership go-to-market strategy in 2023 as part of its efforts to improve distribution efficiency. The strategy forms a key component of the company’s global expansion plans.

The automaker aims to strengthen its presence in North America and Europe through this dealership approach. These expansion efforts extend beyond Western markets to include growth in Southeast Asian countries such as the Philippines, India, and Indonesia.

The company’s expansion strategy also targets the Middle East as VinFast works to establish a broader global footprint for its electric vehicle offerings.

In other recent news, VinFast Auto Ltd. reported first-quarter 2025 revenue of approximately $656.5 million, significantly exceeding analyst estimates of $447.5 million and $482.8 million. This marks a substantial year-over-year increase from $271.9 million in the same quarter last year. The company delivered 36,330 electric vehicles during the quarter, a 296% rise from the previous year, surpassing the Visible Alpha Consensus forecast of 27,138. Despite these gains, VinFast reported an adjusted EBITDA loss of approximately $396 million, which was larger than expected. Cantor Fitzgerald maintained its Overweight rating on VinFast, setting a price target of $6.00, reflecting confidence in the company’s growth potential.

Additionally, VinFast disclosed robust domestic EV sales in Vietnam for May 2025, delivering 11,496 vehicles, bringing year-to-date deliveries to 56,187 units. The company continues its U.S. expansion with the opening of its first California dealership in San Diego, operated by Sunroad Automotive Group. This move is part of a broader strategy to establish a franchise dealership model across all 50 states. Furthermore, VinFast is extending its international presence, targeting markets in Indonesia, the Philippines, and India, while optimizing operations in North America and Europe. The company is also introducing new product offerings, including the EC Van and EB 6 electric bus platform, with plans to launch next-generation EV platforms later this year.

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