Pony AI Inc. (NASDAQ:PONY - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $7.89, but opened at $8.08. Pony AI shares last traded at $7.87, with a volume of 267,465 shares.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on PONY. Deutsche Bank Aktiengesellschaft assumed coverage on Pony AI in a research report on Tuesday, January 14th. They set a "buy" rating and a $20.00 price target for the company. The Goldman Sachs Group began coverage on shares of Pony AI in a report on Monday, December 23rd. They issued a "buy" rating and a $19.60 price target on the stock. Finally, 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 target for the company.
Get Our Latest Stock Report on PONY
Pony AI Price Performance
The company's 50-day simple moving average is $13.80.
Institutional Investors Weigh In On Pony AI
Hedge funds have recently bought and sold shares of the stock. Pinpoint Asset Management Ltd purchased a new stake in shares of Pony AI during the 4th quarter valued at $108,000. Barclays PLC bought a new stake in Pony AI during the 4th quarter valued at $212,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Pony AI in the 4th quarter worth $281,000. Walleye Capital LLC purchased a new position in shares of Pony AI in the fourth quarter valued at about $402,000. Finally, Ovata Capital Management Ltd bought a new position in shares of Pony AI during the fourth quarter valued at about $538,000.
Pony AI Company Profile
(
Get Free Report)
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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