Pony AI Inc. - Sponsored ADR (NASDAQ:PONY) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Pony AI Inc. has received an average recommendation of "Moderate Buy" from analysts, with 7 buy ratings and one strong buy among the total of 9 firms covering the stock.
• The stock has a 1-year price target of $19.40, with current trading around $20.29 and a 1-year high of $24.92.
• Institutional investors have significantly increased their stakes in Pony AI, with Mirae Asset Global Investments boosting its holdings by 3,136.3% in the first quarter.

Shares of Pony AI Inc. - Sponsored ADR (NASDAQ:PONY - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the nine research firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $19.40.

A number of analysts recently weighed in on the company. Daiwa America upgraded Pony AI to a "strong-buy" rating in a research report on Sunday, July 27th. UBS Group began coverage on Pony AI in a research report on Monday, August 4th. They issued a "buy" rating and a $20.00 target price for the company. Daiwa Capital Markets began coverage on Pony AI in a research report on Sunday, July 27th. They issued an "outperform" rating for the company. Weiss Ratings reiterated a "sell (d-)" rating on shares of Pony AI in a research report on Wednesday. Finally, Jefferies Financial Group began coverage on Pony AI in a research report on Friday. They issued a "buy" rating for the company.

Institutional Trading of Pony AI

Several hedge funds and other institutional investors have recently bought and sold shares of PONY. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Pony AI by 3,136.3% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 632,791 shares of the company's stock valued at $5,581,000 after buying an additional 613,238 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in shares of Pony AI during the first quarter valued at approximately $293,000. Robeco Schweiz AG increased its stake in shares of Pony AI by 21.7% during the first quarter. Robeco Schweiz AG now owns 747,000 shares of the company's stock valued at $6,589,000 after buying an additional 133,000 shares during the period. Banque Cantonale Vaudoise purchased a new position in shares of Pony AI during the first quarter valued at approximately $2,336,000. Finally, Baader Bank Aktiengesellschaft purchased a new position in shares of Pony AI during the first quarter valued at approximately $1,138,000.

Pony AI Stock Performance

NASDAQ:PONY opened at $20.29 on Friday. The business has a 50 day moving average of $17.26 and a 200 day moving average of $13.93. Pony AI has a 1-year low of $4.11 and a 1-year high of $24.92.

Pony AI (NASDAQ:PONY - Get Free Report) last released its earnings results on Tuesday, August 12th. The company reported ($0.14) earnings per share for the quarter. The company had revenue of $21.45 million during the quarter. Equities analysts predict that Pony AI will post -0.38 EPS for the current year.

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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