Pony AI Inc. (NASDAQ:PONY – Get Free Report)’s stock price was up 6% on Monday . The company traded as high as $14.20 and last traded at $13.95. Approximately 414,401 shares changed hands during trading, a decline of 56% from the average daily volume of 949,641 shares. The stock had previously closed at $13.16.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on PONY. Bank of America began coverage on shares of Pony AI in a report on Monday. They issued a “buy” rating and a $18.00 price target on the stock. The Goldman Sachs Group began coverage on Pony AI in a research report on Monday. They set a “buy” rating and a $19.60 price objective for the company.
Get Our Latest Research Report on PONY
Pony AI Stock Down 9.5 %
About Pony AI
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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