Pony AI (NASDAQ:PONY) Stock Price Up 6.3% – What’s Next?

Pony AI Inc. (NASDAQ:PONY) shares rose 6.3% during trading on Friday . The stock traded as high as $14.06 and last traded at $14.02. Approximately 699,823 shares were traded during mid-day trading, a decline of 9% from the average daily volume of 771,646 shares. The stock had previously closed at $13.19.

Wall Street Analyst Weigh In

PONY has been the topic of several recent analyst reports. Bank of America began coverage on shares of Pony AI in a report on Monday, December 23rd. They issued a “buy” rating and a $18.00 target price on the stock. The Goldman Sachs Group started coverage on shares of Pony AI in a research report on Monday, December 23rd. They issued a “buy” rating and a $19.60 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Pony AI in a research report on Tuesday, January 14th. They issued a “buy” rating and a $20.00 price target on the stock.

Pony AI Stock Performance

The firm has a 50 day moving average of $13.58.

Institutional Investors Weigh In On Pony AI

Large investors have recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. bought a new position in Pony AI during the fourth quarter worth about $281,000. Matthews International Capital Management LLC acquired a new stake in Pony AI in the fourth quarter valued at approximately $1,654,000. Robeco Schweiz AG bought a new position in Pony AI in the fourth quarter valued at about $8,811,000. Neumann Advisory Hong Kong Ltd bought a new stake in shares of Pony AI during the fourth quarter worth about $14,808,000. Finally, Lingotto Investment Management LLP bought a new stake in shares of Pony AI during the 4th quarter valued at about $17,220,000.

About Pony AI

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.