Pony AI Inc. (NASDAQ:PONY – Get Free Report)’s stock price shot up 7.3% during mid-day trading on Tuesday . The company traded as high as $16.25 and last traded at $16.16. 233,228 shares changed hands during mid-day trading, a decline of 65% from the average session volume of 671,467 shares. The stock had previously closed at $15.06.
Wall Street Analyst Weigh In
PONY has been the topic of a number of recent analyst reports. The Goldman Sachs Group initiated coverage on shares of Pony AI in a research note on Monday, December 23rd. They issued a “buy” rating and a $19.60 target price on the stock. Bank of America started coverage on shares of Pony AI in a research note on Monday, December 23rd. They set a “buy” rating and a $18.00 price objective on the stock.
Get Our Latest Stock Report on Pony AI
Pony AI Stock Performance
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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