Pony AI Inc. (NASDAQ:PONY - Get Free Report)'s share price traded up 8.6% on Friday . The stock traded as high as $13.92 and last traded at $13.91. 674,029 shares traded hands during mid-day trading, a decline of 53% from the average session volume of 1,429,057 shares. The stock had previously closed at $12.81.
Analysts Set New Price Targets
Several equities analysts recently weighed in on the company. Bank of America assumed 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 Pony AI in a research note on Monday, December 23rd. They issued a "buy" rating and a $19.60 price target for the company. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Pony AI in a research note on Tuesday, January 14th. They issued a "buy" rating and a $20.00 price target for the company.
View Our Latest Analysis on Pony AI
Pony AI Stock Down 4.2 %
The stock has a 50 day moving average of $14.80.
Institutional Investors Weigh In On Pony AI
Several large investors have recently bought and sold shares of the company. Toyota Motor Corp purchased a new stake in Pony AI during the 4th quarter worth approximately $647,421,000. Ontario Teachers Pension Plan Board purchased a new stake in shares of Pony AI in the fourth quarter valued at approximately $310,559,000. IDG China Venture Capital Fund IV Associates L.P. purchased a new stake in shares of Pony AI in the fourth quarter valued at approximately $144,973,000. IDG China Capital Fund III Associates L.P. purchased a new stake in shares of Pony AI in the fourth quarter valued at approximately $93,700,000. Finally, Aspex Management HK Ltd purchased a new stake in shares of Pony AI in the fourth quarter valued at approximately $34,091,000.
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.
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