10:49 AM EDT, 09/09/2025 (MT Newswires) -- VinFast Auto ( VFS ) is making "incremental" progress in its multi-year growth story as it ramps up vehicle production across markets while focusing on cost management to balance growth with profitability, Wedbush analysts said Tuesday.

The company reported fiscal Q2 revenue of 16.609 trillion Vietnamese dong ($663 million). Four analysts polled by FactSet expected 17.389 trillion dong.

Analysts noted, however, that the company reaffirmed its fiscal 2025 guidance for deliveries despite an unfavorable macroenvironment for electric vehicles.

The company also expects the growth momentum in the e-scooter business to continue in the coming months, driven by favorable government policies, Wedbush said.

The brokerage maintained an outperform rating and $6 price target on the stock.

Price: 3.23, Change: +0.01, Percent Change: +0.31