The Goldman Sachs Group Begins Coverage on Pony AI (NASDAQ:PONY)

Stock analysts at The Goldman Sachs Group initiated coverage on shares of Pony AI (NASDAQ:PONY) in a note issued to investors on Monday,Briefing.com Automated Import reports. The firm set a “buy” rating and a $19.60 price target on the stock. The Goldman Sachs Group’s price target would suggest a potential upside of 48.94% from the company’s previous close.

Pony AI Stock Up 1.9 %

PONY stock opened at $13.16 on Monday. Pony AI has a twelve month low of $11.90 and a twelve month high of $16.32.

About Pony AI

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.