FPT expands AI alliance: analysts see 50.12 percent upside for FPT stock

Published on 10/13/2026 at 10:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

FPT and NAVER Cloud signed an AI pact October 12, 2026. VDSC set VND 89,300 target for FPT stock August 26, 2026, plus 29 percent return.

Key points in brief

FPT signed an AI Factory memorandum with NAVER Cloud on October 12, 2026.
Investing.com listed an average VND 86,917.80 target and 50.12 percent upside.
FPT reported VND 35.408 trillion revenue and VND 7.648 trillion pretax profit for the first eight months of 2026.
FPT stock closed at VND 56,300 on HOSE on October 13, 2026.
The next earnings date is December 2, 2026.

FPT, VN000000FPT1, Illustration mit AI erstellt.

FPT Corporation (ISIN VN000000FPT1) signed an artificial intelligence partnership with NAVER Cloud on October 12, 2026, while Investing.com listed an average VND 86,917.80 analyst target and 50.12 percent upside. The deal expands FPT's AI Factory model across Asia-Pacific and gives the market a fresh strategic angle alongside strong operating figures.

AI alliance adds regional reach

According to FPT on October 12, 2026, FPT and NAVER Cloud signed a memorandum covering AI Factory development, AI service delivery and commercialization. The companies plan to offer NAVER Cloud's HyperCLOVA X model through FPT AI Factory and to combine GPU infrastructure, cloud technology and engineering teams.

The scale is already visible. FPT said its platform serves more than 18,000 AI developers and over 2,000 enterprises worldwide, while its AI Factories in Vietnam and Japan ranked 36th and 38th among powerful supercomputing systems, respectively. That combination makes the alliance commercially relevant, but the agreement itself does not disclose a contract value or revenue contribution.

Growth remains measurable

Vietnam.vn reported that FPT generated VND 35.408 trillion revenue in the first eight months of 2026, up 13.50 percent year over year, and VND 7.648 trillion pretax profit, up 17.50 percent. Net profit attributable to parent-company shareholders reached VND 6.761 trillion, up 13.00 percent.

Technology supplied VND 31.438 trillion of that revenue, up 16.00 percent and equal to 89.00 percent of group revenue. Overseas information technology services produced VND 25.529 trillion, while new overseas orders reached VND 33.285 trillion, up 28.00 percent. AI and data analytics revenue rose 60.00 percent to VND 2.555 trillion, giving the alliance a business base beyond a purely promotional announcement.

What supports the AI story?

The recent record shows a widening international footprint. On September 28, 2026, FPT opened an 815-square-meter office in Nagoya with 174 seats, according to Nguoi Quan Sat. The same report said FPT operated 17 Japanese offices with over 5,500 employees and targeted USD 1.0 billion Japanese revenue in 2027.

On October 3, 2026, FPT was named among Vietnam's Top 10 leading private-sector corporate brands. Its official release reported VND 70.113 trillion revenue and VND 13.044 trillion pretax profit for fiscal year 2025, up 11.60 percent and 17.80 percent, respectively, while first-half 2026 global IT services revenue reached VND 18.902 trillion, up 13.40 percent.

Upcoming reporting date

Investing.com lists December 2, 2026, as FPT's next earnings date. The same page reports 12 analyst ratings, including 11 Buy ratings and 1 Hold rating, with an average target of VND 86,917.80.

HOSE price remains the market anchor

FPT stock closed at VND 56,300 on HOSE on October 13, 2026. The operating figures and the AI alliance now point in different directions from the share price, leaving execution and the conversion of AI infrastructure into recurring revenue as the central valuation test.