Pony AI (NASDAQ:PONY) Earns Buy Rating from Analysts at Bank of America

Equities researchers at Bank of America assumed coverage on shares of Pony AI (NASDAQ:PONYGet Free Report) in a research note issued to investors on Monday, MarketBeat.com reports. The brokerage set a “buy” rating and a $18.00 price target on the stock. Bank of America‘s price target indicates a potential upside of 38.25% from the stock’s previous close.

Separately, The Goldman Sachs Group began coverage on shares of Pony AI in a research note on Monday. They set a “buy” rating and a $19.60 price objective for the company.

Get Our Latest Stock Analysis on Pony AI

Pony AI Stock Down 9.5 %

Shares of PONY stock opened at $13.02 on Monday. Pony AI has a 12 month low of $11.90 and a 12 month high of $16.32.

Pony AI Company Profile

(Get Free Report)

Pony AI Inc, through its subsidiaries, engages in the autonomous mobility principally in the People’s Republic of China and the United States. The company provides robotruck services, such as transportation services to the logistics platforms. Pony AI Inc is based in Guangzhou, the People’s Republic of China.

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