Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) Receives $22.10 Consensus Target Price from Analysts

Shares of Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) have received a consensus rating of “Moderate Buy” from the eight analysts that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $22.10.

PONY has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Pony AI in a report on Wednesday, October 8th. CLSA initiated coverage on shares of Pony AI in a research note on Friday, January 2nd. They set an “outperform” rating and a $22.00 price objective for the company. Citigroup reaffirmed a “buy” rating on shares of Pony AI in a report on Thursday, January 15th. Barclays assumed coverage on shares of Pony AI in a report on Tuesday, December 16th. They issued an “equal weight” rating and a $15.00 price target for the company. Finally, 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 target on the stock.

Institutional Trading of Pony AI

A number of large investors have recently modified their holdings of PONY. JPMorgan Chase & Co. increased its position in shares of Pony AI by 103.5% in the third quarter. JPMorgan Chase & Co. now owns 2,110 shares of the company’s stock worth $47,000 after purchasing an additional 62,748 shares during the last quarter. CWM LLC purchased a new position in Pony AI in the 2nd quarter worth approximately $28,000. Jones Financial Companies Lllp increased its holdings in shares of Pony AI by 704.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 2,197 shares of the company’s stock worth $47,000 after buying an additional 1,924 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Pony AI during the 3rd quarter valued at $50,000. Finally, Banque Cantonale Vaudoise raised its position in shares of Pony AI by 71.2% during the 3rd quarter. Banque Cantonale Vaudoise now owns 3,662 shares of the company’s stock valued at $82,000 after buying an additional 1,523 shares in the last quarter.

Pony AI Price Performance

NASDAQ:PONY opened at $16.58 on Tuesday. The company has a market cap of $6.39 billion, a P/E ratio of -11.76 and a beta of 6.42. Pony AI has a 1 year low of $4.11 and a 1 year high of $24.92. The stock’s fifty day moving average price is $14.78 and its two-hundred day moving average price is $15.99.

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.