Pony AI Inc. - Sponsored ADR (NASDAQ:PONY) Stock Now Rated "Moderate Buy" by Wall Street Brokerages

Key Points

• Analysts give Pony AI a “Moderate Buy” consensus: seven of ten analysts recommend buying, two advise holding and one rates it a sell. The average 12-month price target is $19.57.
• PONY opened at $6.89, near its 52-week low of $6.36 and well below its 52-week high of $24.92. The company has a market capitalization of approximately $2.99 billion.
• Several institutional investors recently initiated positions in Pony AI, including Headlands Technologies, which purchased shares worth about $1.63 million, while BNP Paribas Exane upgraded the stock to “outperform.”

Pony AI Inc. - Sponsored ADR (NASDAQ:PONY - Get Free Report) has received a consensus rating of "Moderate Buy" from the ten analysts that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $19.57.

Several equities research analysts have recently issued reports on PONY shares. BNP Paribas Exane raised Pony AI from a "neutral" rating to an "outperform" rating in a report on Thursday, August 20th. Weiss Ratings reissued a "sell (e+)" rating on shares of Pony AI in a research note on Tuesday, September 8th. Jefferies Financial Group restated a "buy" rating on shares of Pony AI in a report on Tuesday, August 18th. Finally, Bank of America reduced their price objective on Pony AI from $19.00 to $17.00 and set a "buy" rating on the stock in a research note on Tuesday, August 18th.

Institutional Trading of Pony AI

A number of large investors have recently made changes to their positions in PONY. Altar Rock LLC bought a new stake in shares of Pony AI in the 2nd quarter worth about $158,000. Nykredit A S bought a new position in Pony AI during the 2nd quarter valued at about $74,000. Corient Private Wealth LP bought a new position in Pony AI during the 2nd quarter valued at about $89,000. AXQ Capital LP purchased a new stake in Pony AI in the 2nd quarter worth about $134,000. Finally, Headlands Technologies LLC bought a new stake in Pony AI in the second quarter worth about $1,634,000.

Pony AI Stock Down 2.8%

PONY opened at $6.89 on Friday. The firm has a 50-day simple moving average of $7.42 and a two-hundred day simple moving average of $8.60. Pony AI has a 52 week low of $6.36 and a 52 week high of $24.92. The company has a market capitalization of $2.99 billion, a PE ratio of -19.14 and a beta of 3.87.

Pony AI Company Profile

Pony AI Inc develops and commercializes autonomous driving technologies for passenger mobility, freight transportation and other applications. Its proprietary Virtual Driver platform integrates software, hardware and services, while its PonyWorld world model supports the development and deployment of its autonomous driving systems. The company operates three primary business lines: Robotaxi services, Robotruck services and Intelligent Solutions, which include autonomous driving domain controllers and other technology products and services for automakers and industry customers.

Founded in late 2016 in Fremont, California, by Jun “James” Peng and Tiancheng Lou, Pony.ai is headquartered in Guangzhou, China.

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