Shares of Pony AI Inc. (NASDAQ:PONY - Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 807,701 shares were traded during trading, a decline of 17% from the previous session's volume of 971,396 shares.The stock last traded at $13.53 and had previously closed at $15.26.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on the stock. Bank of America assumed coverage on shares of Pony AI in a research report on Monday, December 23rd. They set a "buy" rating and a $18.00 price objective on the stock. The Goldman Sachs Group initiated coverage on Pony AI in a research report on Monday, December 23rd. They set a "buy" rating and a $19.60 price target on the stock.
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Pony AI Stock Down 10.5 %
Pony AI Company Profile
(
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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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