Pony AI Inc. (NASDAQ:PONY - Get Free Report)'s stock price gapped up before the market opened on Friday . The stock had previously closed at $14.86, but opened at $17.80. Pony AI shares last traded at $17.33, with a volume of 1,966,832 shares.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on PONY shares. Bank of America initiated coverage on Pony AI in a research note on Monday, December 23rd. They issued a "buy" rating and a $18.00 price target for the company. The Goldman Sachs Group assumed coverage on shares of Pony AI in a research note on Monday, December 23rd. They issued a "buy" rating and a $19.60 target price for the company. Finally, 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 on the stock.
Check Out Our Latest Report on PONY
Pony AI Stock Performance
The firm's fifty day simple moving average is $13.99.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Pinpoint Asset Management Ltd bought a new stake in shares of Pony AI during the fourth quarter worth approximately $108,000. Barclays PLC acquired a new position in Pony AI in the 4th quarter valued at $212,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Pony AI during the 4th quarter worth $281,000. Walleye Capital LLC acquired a new stake in shares of Pony AI during the fourth quarter worth $402,000. Finally, Ovata Capital Management Ltd bought a new stake in shares of Pony AI in the fourth quarter valued at about $538,000.
About Pony AI
(
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.
Featured Stories
Before you consider Pony AI, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Pony AI wasn't on the list.
While Pony AI currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2025. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
