Cantor Fitzgerald Reiterates Overweight Rating on VinFast (VFS) Amid Vietnam Expansion

VinFast Auto Ltd. (NASDAQ:VFS) is one of the best EV penny stocks to buy according to hedge funds. On July 14, Cantor Fitzgerald reiterated its “Overweight” rating on VinFast shares and maintained a $6.00 price target on the stock.

Cantor Fitzgerald Reiterates Overweight Rating on VinFast (VFS) Amid Vietnam Expansion

The firm cited VinFast’s stable vehicle deliveries in Vietnam for June 2025, which included 3,667 VF3, 3,060 VF5, 1,245 VF6, and 725 VF7 models, as well as 1,415 Nerio Green and 916 Herio Green commercial vehicles delivered domestically that month. For the first half of 2025, the compact models VF3 and VF5 dominated sales, with 23,083 and 21,812 units delivered, respectively. VinFast reaffirmed guidance to at least double its 2025 vehicle deliveries compared with the previous year’s 97,339 units.

Despite a concerning cash burn rate, Cantor Fitzgerald’s analysts expressed confidence in VinFast’s business model, particularly its vertical integration and focus on Vietnamese and Asian markets. These factors, the analysts stated, mitigate against external risks such as tariffs and the removal of the $7,500 US EV tax credit.

VinFast Auto Ltd. (NASDAQ:VFS) is a Vietnamese EV manufacturer that designs, develops, and sells EVs, e-scooters, and electric buses across Vietnam and the United States. The company operates through multiple segments, including Automobiles, E-scooter, Spare Parts, and Aftermarket Services. VinFast has recently expanded its US footprint by opening its first authorized dealership in California and launching locally produced EVs.

While we acknowledge the potential of VinFast Auto Ltd. (NASDAQ:VFS) as an investment, 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.

READ NEXT: 10 Best Performing Crypto Stocks So Far in 2025 and 10 Best Low-Risk Index Funds to Buy Now.

Disclosure: None. This article is originally published at Insider Monkey.