Pony AI Inc. - Sponsored ADR (NASDAQ:PONY) Receives Average Recommendation of "Buy" from Analysts

Key Points

• Pony AI Inc. has received a consensus rating of "Buy" from six analysts, with an average 12-month price target of $19.40.
• Several institutional investors have recently increased their stakes in Pony AI, with notable purchases totaling approximately $78 million from HSG Holding Ltd.
• Pony AI stock opened at $14.79 and has a 52-week range of $4.11 to $23.88, indicating significant volatility in its trading history.

Pony AI Inc. - Sponsored ADR (NASDAQ:PONY - Get Free Report) has received a consensus rating of "Buy" from the six ratings firms that are covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $19.40.

Several research analysts have commented on PONY shares. Wall Street Zen raised Pony AI from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 16th. Daiwa America raised Pony AI to a "strong-buy" rating in a report on Sunday, July 27th. UBS Group started coverage on Pony AI in a report on Monday, August 4th. They issued a "buy" rating and a $20.00 target price on the stock. Finally, 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

Institutional investors have recently modified their holdings of the stock. Johns Hopkins University purchased a new stake in shares of Pony AI in the second quarter valued at approximately $207,000. Nikko Asset Management Americas Inc. purchased a new stake in shares of Pony AI in the second quarter valued at approximately $3,848,000. Rafferty Asset Management LLC purchased a new stake in shares of Pony AI in the second quarter valued at approximately $270,000. Mission Creek Capital Partners Inc. purchased a new stake in shares of Pony AI in the second quarter valued at approximately $335,000. Finally, HSG Holding Ltd purchased a new stake in shares of Pony AI in the second quarter valued at approximately $78,184,000.

Pony AI Stock Up 3.0%

PONY opened at $14.79 on Friday. Pony AI has a 52 week low of $4.11 and a 52 week high of $23.88. The business's 50 day moving average is $13.68 and its two-hundred day moving average is $13.15.

Pony AI (NASDAQ:PONY - Get Free Report) last released its quarterly earnings results on Tuesday, August 12th. The company reported ($0.14) EPS for the quarter. The business had revenue of $21.45 million during the quarter. Sell-side 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.

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