Pony AI (NASDAQ:PONY) Coverage Initiated by Analysts at Bank of America

Bank of America assumed coverage on shares of Pony AI (NASDAQ:PONYFree Report) in a research note published on Monday morning, MarketBeat Ratings reports. The brokerage issued a buy rating and a $18.00 target price on the stock.

Separately, The Goldman Sachs Group began coverage on shares of Pony AI in a report on Monday. They issued a “buy” rating and a $19.60 target price on the stock.

Read Our Latest Analysis on PONY

Pony AI Stock Performance

Shares of PONY stock opened at $14.39 on Monday. Pony AI has a 1-year low of $11.90 and a 1-year high of $16.32.

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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