Shares of Pony AI Inc. (NASDAQ:PONY – Get Free Report) traded down 7.5% during trading on Monday . The stock traded as low as $13.72 and last traded at $13.95. 147,567 shares were traded during trading, a decline of 87% from the average session volume of 1,163,313 shares. The stock had previously closed at $15.08.
Wall Street Analyst Weigh In
PONY has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Pony AI in a research note on Tuesday. They issued a “buy” rating and a $20.00 price target for the company. Bank of America started coverage on Pony AI in a report on Monday, December 23rd. They set a “buy” rating and a $18.00 target price for the company. Finally, The Goldman Sachs Group initiated coverage on Pony AI in a research note on Monday, December 23rd. They issued a “buy” rating and a $19.60 price target on the stock.
View Our Latest Analysis on Pony AI
Pony AI Trading Down 1.2 %
Pony AI Company Profile
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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