Cantor Maintains Buy Rating on VinFast After Impressive Revenue and Delivery Growth

VinFast Auto Ltd. (NASDAQ:VFS) ranks among our list of the 30 stocks expected to beat the market by 20 percentage points this year. Cantor Fitzgerald reiterated its $6 price target and Overweight rating for VinFast Auto Ltd. (NASDAQ:VFS) on June 10 in response to the company’s 2025 first-quarter financial results.

Cantor Maintains Buy Rating on VinFast After Impressive Revenue and Delivery Growth

VinFast Auto Ltd. (NASDAQ:VFS) reported a substantial increase in revenue from the previous year, with first-quarter revenues reaching $656.5 million. This figure was considerably greater than the $271.9 million recorded in the same quarter of the prior year and exceeded Cantor Fitzgerald’s projections of $447.5 million.

The company delivered 36,330 vehicles throughout the quarter, representing a significant increase from the 9,176 vehicles delivered during the first quarter of 2024. The VF3 and VF5 models from VinFast Auto Ltd. (NASDAQ:VFS) were considered the primary catalyst for this rise.

Despite falling short of Cantor Fitzgerald’s projections of negative 30.2%, the company’s reported gross margins for the quarter were about negative 35.2%, making it an improvement over the negative 79% gross margin in the fourth quarter of 2024.

VinFast Auto Ltd. (NASDAQ:VFS) is a Vietnamese multinational automotive company founded by Vingroup, one of Vietnam’s largest private corporations

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Read More: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds

Disclosure: None.