VinFast Auto (VFS) Among Our Penny Stocks That Can Skyrocket in 2026

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.

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