BTIG analyst Gregory Lewis has maintained their neutral stance on VFS stock, giving a Hold rating on November 23.
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Gregory Lewis has given his Hold rating due to a combination of factors related to VinFast Auto’s financial outlook and market positioning. The company has shown a slight increase in its revenue estimates for the fiscal years 2025 and 2026, primarily driven by anticipated growth in electric vehicle deliveries and adjustments in average selling prices. However, despite these positive revenue projections, the company is still expected to face significant EBITDA losses in the coming years, with a forecasted negative EBITDA of $2.0 billion in 2025 and $1.4 billion in 2026.
Additionally, VinFast Auto’s valuation, trading at approximately 2.3 times the 2026 consensus sales, suggests that the market has already priced in some of the expected growth. Given these factors, including the company’s current financial trajectory and market valuation, Gregory Lewis has opted for a Hold rating, indicating a cautious stance while acknowledging the potential for future improvements in gross margins by 2027.
Lewis covers the Energy sector, focusing on stocks such as Frontline, DHT Holdings, and Borr Drilling. According to TipRanks, Lewis has an average return of 11.9% and a 49.49% success rate on recommended stocks.
In another report released on November 23, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $3.00 price target.