10 Best Penny Stocks That Could Skyrocket in 2026

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​6. VinFast Auto Ltd. (NASDAQ:VFS)

Number of Hedge Fund Holders: 4

Upside Potential: 88.52%

VinFast Auto Ltd. (NASDAQ:VFS) is one of the Best Penny Stocks That Could Skyrocket in 2026. The stock recently surged around 3.5% after the company reported fiscal Q1 2026 results. Following the result, on June 10, Wedbush maintained a Buy rating on the stock with a price target of $6. Earlier on June 9, Cantor Fitzgerald analyst Andres Sheppard had also reiterated a Buy rating on VinFast Auto Ltd. (NASDAQ:VFS) but lowered the price target from $6 to $5.

​During fiscal Q1, the company delivered 58,577 electric vehicles, reflecting 61% year-over-year increase. Management noted that Vietnam remains its core market and the company is gaining traction in the Philippines, India, and Indonesia. Notably, E-scooter and e-bike deliveries rose in Q1 by 219% YoY to 143,136 units. As a result, the company now holds 17% of Vietnam’s total motorcycle market. Strong deliveries drove revenue for the quarter higher to $921 million, reflecting 42% year-over-year increase.

​Cantor Fitzgerald analyst Andres Sheppard noted that the lowered price target reflects only a near-term conservative approach. The firm remains bullish on the stock for the long-term and noted that its investment thesis remains unchanged.

VinFast Auto Ltd. (NASDAQ:VFS) designs and manufactures electric vehicles. It offers electric scooters (e-scooters) and electric buses (e-buses). It provides an e-mobility ecosystem built around customers, community, and connectivity alongside new vehicle roll-out.

While we acknowledge the potential of VFS to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than VFS and that has 100x upside potential, check out our report about the cheapest AI stock.

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