Pony AI (NASDAQ:PONY) Now Covered by Analysts at BNP Paribas Exane

BNP Paribas Exane initiated coverage on shares of Pony AI (NASDAQ:PONY) in a report issued on Thursday. The firm set a “neutral” rating and a $12.50 price target on the stock. BNP Paribas Exane’s price objective would indicate a potential upside of 17.91% from the stock’s current price.

A number of other brokerages have also recently commented on PONY. Macquarie Infrastructure initiated coverage on Pony AI in a research note on Monday, December 15th. They issued an “outperform” rating and a $29.00 price target for the company. Wall Street Zen upgraded Pony AI from a “sell” rating to a “hold” rating in a research report on Sunday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Pony AI in a research report on Thursday, January 22nd. Citigroup reissued a “buy” rating on shares of Pony AI in a research note on Thursday, January 15th. Finally, CLSA started coverage on Pony AI in a research note on Friday, January 2nd. They issued an “outperform” rating and a $22.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $20.50.

Pony AI Price Performance

Shares of NASDAQ:PONY opened at $10.60 on Thursday. Pony AI has a one year low of $4.11 and a one year high of $24.92. The company has a market cap of $4.08 billion, a price-to-earnings ratio of -7.52 and a beta of 6.26. The firm has a 50 day simple moving average of $13.67 and a 200 day simple moving average of $15.78.

Institutional Investors Weigh In On Pony AI

Several institutional investors and hedge funds have recently made changes to their positions in PONY. JPMorgan Chase & Co. lifted its stake 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 acquiring an additional 62,748 shares during the period. Jones Financial Companies Lllp boosted its holdings in Pony AI by 704.8% in the third 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 last quarter. FNY Investment Advisers LLC acquired a new stake in Pony AI during the 3rd quarter valued at approximately $50,000. Leonteq Securities AG bought a new position in Pony AI during the 4th quarter worth approximately $38,000. Finally, Banque Cantonale Vaudoise raised its holdings in Pony AI by 71.2% during the 3rd quarter. Banque Cantonale Vaudoise now owns 3,662 shares of the company’s stock worth $82,000 after purchasing an additional 1,523 shares during the last quarter.

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.