Pony AI Inc. (NASDAQ:PONY - Get Free Report)'s share price rose 5.3% during trading on Monday . The stock traded as high as $14.50 and last traded at $14.45. Approximately 461,063 shares were traded during trading, a decline of 50% from the average daily volume of 925,978 shares. The stock had previously closed at $13.72.
Wall Street Analysts Forecast Growth
A number of analysts have commented on the stock. Bank of America began 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 on the stock. The Goldman Sachs Group began coverage on Pony AI in a research report on Monday, December 23rd. They issued a "buy" rating and a $19.60 target price for the company.
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Pony AI Price Performance
About Pony AI
(
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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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