Brokerages Set Pony AI Inc. - Sponsored ADR (NASDAQ:PONY) Price Target at $19.20

Key Points

• Pony AI Inc. has received a consensus rating of "Buy" from five analysts, with four recommending "buy" and one a "strong buy," and an average target price of $19.20.
• Recent institutional trading shows multiple hedge funds increasing their stakes in Pony AI, highlighting growing interest in the company.
• While Pony AI's shares have recently traded down 2.2%, they range significantly between a 12-month low of $4.11 and a high of $23.88.

Pony AI Inc. - Sponsored ADR (NASDAQ:PONY - Get Free Report) has earned a consensus rating of "Buy" from the five research firms that are currently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $19.20.

A number of research firms recently commented on PONY. Daiwa America upgraded Pony AI to a "strong-buy" rating in a research report on Sunday, July 27th. Daiwa Capital Markets started coverage on Pony AI in a report on Sunday, July 27th. They issued an "outperform" rating on the stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in PONY. CWM LLC purchased a new stake in shares of Pony AI during the second quarter worth $28,000. Pinpoint Asset Management Ltd purchased a new position in shares of Pony AI during the fourth quarter worth about $108,000. Keystone Investors PTE Ltd. purchased a new position in shares of Pony AI during the first quarter worth about $120,000. Goldman Sachs Group Inc. purchased a new position in shares of Pony AI during the first quarter worth about $139,000. Finally, Barclays PLC purchased a new position in shares of Pony AI during the fourth quarter worth about $212,000.

Pony AI Price Performance

Pony AI stock traded down $0.40 during trading hours on Tuesday, reaching $13.04. The company had a trading volume of 3,986,499 shares, compared to its average volume of 8,756,812. The company has a 50-day moving average price of $13.80 and a 200 day moving average price of $12.99. Pony AI has a 12-month low of $4.11 and a 12-month high of $23.88.

Pony AI (NASDAQ:PONY - Get Free Report) last posted its quarterly earnings data on Tuesday, May 20th. The company reported ($0.12) earnings per share for the quarter. The business had revenue of $13.98 million during the quarter. Analysts forecast 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.