Shares of Pony AI Inc. (NASDAQ:PONY – Get Free Report) rose 6% during mid-day trading on Monday . The company traded as high as $14.20 and last traded at $13.95. Approximately 414,401 shares were traded during trading, a decline of 56% from the average daily volume of 949,641 shares. The stock had previously closed at $13.16.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on PONY shares. Bank of America initiated coverage on Pony AI in a report on Monday. They issued a “buy” rating and a $18.00 target price for the company. The Goldman Sachs Group initiated 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.
Read Our Latest Research Report on Pony AI
Pony AI Stock Down 9.5 %
Pony AI Company Profile
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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