VinFast Auto (NASDAQ: VFS) is a Vietnamese electric vehicle (EV) manufacturer. The company operates in the competitive global EV market, facing established automakers and other EV-focused brands. VinFast Auto is working to expand its presence and production capabilities internationally.
On June 9, 2026, analyst firm Cantor Fitzgerald maintained its Overweight rating for VinFast Auto. This decision was made when the stock was priced at $3.05. An Overweight rating means the analyst firm expects the stock to perform better than the average return of other stocks in its industry, highlighting potential for stock performance.
This rating aligns with the company's strategic shift. During its first-quarter 2026 earnings call, VinFast Auto announced a move to an "asset-light" model. This involves owning fewer physical assets to improve capital discipline. As part of this, it plans to sell its Vietnam manufacturing business to buyers for $530 million.
The firm’s confidence contrasts with recent financial performance. VinFast Auto reported a quarterly loss of $0.48 per share, which was wider than the Zacks Consensus Estimate of a $0.31 loss. Revenues of $920.70 million also missed the consensus estimate by nearly 16%, and the company has not surpassed earnings estimates in the last four quarters.
However, there are signs of operational growth. VinFast Auto delivered 58,577 vehicles in the first quarter, a 61% increase from the same period a year earlier. Management stated that its new phase prioritizes execution and a focus on Asian markets, where it sees long-term advantages for electric vehicles.
