Up Nearly 60% in November, Should Investors Buy the VinFast Stock Hype?
Fresh on the scene, recently overlooked and unheard-of electric vehicle (EV) maker VinFast Auto (NASDAQ: VFS), a Vietnamese automaker, has been getting much more publicity after its debut in U.S. markets and additional coverage from analysts.
With the stock up nearly 60% in November, is it time for investors to embrace the foreign automaker?
One of the biggest positives for VinFast in November came in a vote of confidence from a Wall Street analyst. More specifically, Wedbush analyst Dan Ives launched coverage of the Vietnamese EV maker with a buy rating and a $12 price target -- representing a nearly 70% upside from its current price.
Source Fool.com