Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) Receives $21.70 Average Price Target from Brokerages

Shares of Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) have been assigned a consensus rating of “Moderate Buy” from the nine research firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $21.70.

A number of research analysts have issued reports on PONY shares. Wall Street Zen downgraded shares of Pony AI from a “hold” rating to a “sell” rating in a research report on Saturday, December 20th. Jefferies Financial Group started coverage on shares of Pony AI in a research report on Friday, October 10th. They set a “buy” rating on the stock. Macquarie initiated coverage on shares of Pony AI in a report on Monday, December 15th. They issued an “outperform” rating and a $29.00 price objective for the company. Citigroup cut their price objective on Pony AI from $29.00 to $24.50 and set a “buy” rating on the stock in a research report on Friday, November 7th. Finally, Barclays assumed coverage on Pony AI in a research report on Tuesday, December 16th. They issued an “equal weight” rating and a $15.00 target price for the company.

Hedge Funds Weigh In On Pony AI

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CWM LLC bought a new stake in shares of Pony AI during the 2nd quarter valued at $28,000. Jones Financial Companies Lllp lifted its position in Pony AI by 704.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,197 shares of the company’s stock valued at $47,000 after acquiring an additional 1,924 shares during the period. JPMorgan Chase & Co. boosted its stake in Pony AI by 103.5% during the third quarter. JPMorgan Chase & Co. now owns 2,110 shares of the company’s stock worth $47,000 after acquiring an additional 62,748 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in Pony AI in the third quarter worth about $50,000. Finally, Daiwa Securities Group Inc. bought a new position in shares of Pony AI during the second quarter valued at approximately $64,000.

Pony AI Stock Performance

PONY opened at $14.66 on Friday. The stock has a market capitalization of $5.65 billion and a PE ratio of -10.40. The stock’s 50 day moving average price is $15.08 and its 200-day moving average price is $15.64. Pony AI has a 52-week low of $4.11 and a 52-week high of $24.92.

Pony AI Company Profile

Pony.ai develops autonomous driving technologies for passenger and goods transportation. The company offers an end-to-end self-driving stack that combines perception, planning and control systems with proprietary hardware and software. Pony.ai’s solutions support robotaxi services and advanced driver-assistance system (ADAS) deployments across urban and suburban environments.

Founded in late 2016 by James Peng and Sean Gong, Pony.ai operates research and development centers in Fremont, California, as well as in Guangzhou and Beijing, China.