Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) Receives $21.70 Consensus PT from Analysts

Shares of Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) have earned an average recommendation of “Moderate Buy” from the nine brokerages that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $21.70.

Several equities analysts have commented on PONY shares. Macquarie assumed coverage on shares of Pony AI in a report on Monday, December 15th. They issued an “outperform” rating and a $29.00 price objective on the stock. Wall Street Zen downgraded shares of Pony AI from a “hold” rating to a “sell” rating in a report on Saturday, December 20th. Citigroup decreased their price target on shares of Pony AI from $29.00 to $24.50 and set a “buy” rating on the stock in a research note on Friday, November 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of Pony AI in a report on Wednesday, October 8th. Finally, Barclays started coverage on Pony AI in a report on Tuesday, December 16th. They set an “equal weight” rating and a $15.00 price objective for the company.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. HSG Holding Ltd bought a new position in Pony AI during the 2nd quarter worth $78,184,000. TMT General Partner Ltd acquired a new position in shares of Pony AI in the second quarter valued at about $71,903,000. Aspex Management HK Ltd increased its position in Pony AI by 728.1% during the third quarter. Aspex Management HK Ltd now owns 4,140,447 shares of the company’s stock worth $93,119,000 after acquiring an additional 3,640,447 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Pony AI in the 3rd quarter worth about $89,174,000. Finally, Lingotto Investment Management LLP boosted its holdings in Pony AI by 55.6% in the 2nd quarter. Lingotto Investment Management LLP now owns 2,379,892 shares of the company’s stock valued at $31,415,000 after purchasing an additional 850,000 shares during the period.

Pony AI Trading Down 1.7%

PONY stock opened at $14.66 on Friday. Pony AI has a 1-year low of $4.11 and a 1-year high of $24.92. The business’s 50 day simple moving average is $15.08 and its 200 day simple moving average is $15.64. The firm has a market capitalization of $5.65 billion and a PE ratio of -10.40.

About Pony AI

Pony.ai develops autonomous driving technologies for passenger and goods transportation. The company offers an end-to-end self-driving stack that combines perception, planning and control systems with proprietary hardware and software. Pony.ai’s solutions support robotaxi services and advanced driver-assistance system (ADAS) deployments across urban and suburban environments.

Founded in late 2016 by James Peng and Sean Gong, Pony.ai operates research and development centers in Fremont, California, as well as in Guangzhou and Beijing, China.