5 Best EV Stocks To Buy For The Long Term

3. VinFast Auto Ltd. (NASDAQ:VFS)

Average Analyst Price Target Upside: 101.21%

Number of Hedge Fund Holders: 7

VinFast Auto Ltd. (NASDAQ:VFS) is a Vietnamese company that manufactures and sells electric vehicles, including e-scooters, and provides spare parts and aftermarket services. The company sells its products in Vietnam, USA, and Canada. It is also planning to expand its footprint to 50 markets by the end of 2024. For the current year, VinFast Auto Ltd. (NASDAQ:VFS) has set a target of delivering 100,000 electric vehicles.

On February 28, Chardan Research’s analyst Brian Dobson maintained a Buy rating on VinFast Auto Ltd.’s (NASDAQ:VFS) stock and raised its price target to $13 from $11. In the last three months, VinFast Auto Ltd. (NASDAQ:VFS) has received Buy ratings from 2 Wall Street analysts. As of March 28, the average price target of $10.00 represents a 101.21% upside to its stock price of $4.97.

According to Insider Monkey’s database that tracks 933 elite hedge funds, in the fourth quarter of 2023, 7 hedge funds held positions in VinFast Auto Ltd. (NASDAQ:VFS) worth $1.47 million.

Follow Vinfast Auto Ltd.