Shares of Pony AI Inc. (NASDAQ:PONY - Get Free Report) rose 6% during mid-day trading on Monday . The stock traded as high as $14.20 and last traded at $13.95. Approximately 414,401 shares traded hands during mid-day trading, a decline of 56% from the average daily volume of 949,641 shares. The stock had previously closed at $13.16.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on PONY. The Goldman Sachs Group began coverage on Pony AI in a report on Monday. They issued a "buy" rating and a $19.60 target price for the company. Bank of America began coverage on shares of Pony AI in a research report on Monday. They set a "buy" rating and a $18.00 price objective for the company.
Check Out Our Latest Report on Pony AI
Pony AI Stock Up 9.3 %
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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