BNP Paribas Exane Begins Coverage on Pony AI (NASDAQ:PONY)

BNP Paribas Exane initiated coverage on shares of Pony AI (NASDAQ:PONY) in a report issued on Thursday, Marketbeat Ratings reports. The brokerage set a “neutral” rating and a $12.50 price target on the stock. BNP Paribas Exane’s price target would suggest a potential upside of 36.76% from the stock’s current price.

Several other analysts have also issued reports on the stock. Wall Street Zen raised shares of Pony AI from a “sell” rating to a “hold” rating in a research report on Sunday, March 22nd. Citigroup reissued a “buy” rating on shares of Pony AI in a research report on Thursday, January 15th. Barclays began coverage on shares of Pony AI in a report on Tuesday, December 16th. They issued an “equal weight” rating and a $15.00 target price on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Pony AI in a research note on Thursday, January 22nd. Finally, CLSA assumed coverage on Pony AI in a research report on Friday, January 2nd. They set an “outperform” rating and a $22.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $20.50.

Pony AI Trading Down 6.0%

NASDAQ PONY opened at $9.14 on Thursday. The company has a market cap of $3.52 billion, a PE ratio of -25.39 and a beta of 6.26. Pony AI has a 12 month low of $4.11 and a 12 month high of $24.92. The stock has a 50 day moving average of $13.40 and a 200-day moving average of $15.71.

Hedge Funds Weigh In On Pony AI

Large investors have recently modified their holdings of the stock. Virtu Financial LLC lifted its stake in shares of Pony AI by 92.0% during the 4th quarter. Virtu Financial LLC now owns 50,738 shares of the company’s stock worth $736,000 after buying an additional 24,316 shares during the last quarter. Invesco Ltd. grew its stake in Pony AI by 340.9% in the 4th quarter. Invesco Ltd. now owns 68,152 shares of the company’s stock valued at $988,000 after buying an additional 52,694 shares during the last quarter. Yiheng Capital Management L.P. raised its holdings in Pony AI by 226.1% in the 4th quarter. Yiheng Capital Management L.P. now owns 653,215 shares of the company’s stock valued at $9,472,000 after acquiring an additional 452,915 shares during the period. Wellington Management Group LLP raised its holdings in Pony AI by 31.0% in the 4th quarter. Wellington Management Group LLP now owns 2,840,863 shares of the company’s stock valued at $41,193,000 after acquiring an additional 671,606 shares during the period. Finally, OLD Mission Capital LLC acquired a new stake in Pony AI during the fourth quarter worth approximately $5,609,000.

Key Stories Impacting Pony AI

Here are the key news stories impacting Pony AI this week:

• Positive Sentiment: Partnership and Europe launch — Pony.ai partnered with Uber and Verne to launch Europe’s first commercial robotaxi service in Zagreb, signaling tangible international commercialization and a new addressable market. Reuters: China’s Pony.ai to more than double robotaxi fleet, debuts in Zagreb
• Positive Sentiment: Operations & revenue growth — The company highlighted steep YoY growth in robotaxi and fare-charging revenues and reiterated a target to scale to ~3,000 robotaxis across 20+ cities this year, supporting longer-term revenue trajectory. GlobeNewswire: PONY AI Inc. Scales with 160% Robotaxi Revenues Growth YoY
• Positive Sentiment: Bullish options flow — Unusually large call buying was reported (27,007 calls), suggesting speculative or hedged bullish positioning by traders shortly after results. (No direct article link available.)
• Neutral Sentiment: New analyst coverage — BNP Paribas Exane initiated coverage with a “neutral” rating and a $12.50 price target, implying upside from current levels but a balanced view on near-term fundamentals. Finviz: Coverage note (BNP Paribas Exane)
• Neutral Sentiment: Earnings call transcripts available — Full Q4/2025 call transcripts were posted (useful for management color on unit economics, expansion cadence and margin targets). InsiderMonkey: Pony AI Q4 2025 Earnings Call Transcript
• Negative Sentiment: Mixed/poor earnings reaction and quality concerns — Market commentary flagged an EPS miss and very weak margin metrics; Proactive noted shares tumbled after the report. Management reported a GAAP net profit largely driven by a $132.5M paper gain on trading securities, which raises questions about recurring profitability and earnings quality. Those factors drove the earlier steep sell-off and are weighing on the stock today. Proactive: Pony.ai shares slide as revenue falls despite robotaxi surge MarketBeat: Pony AI earnings summary and metrics
• Negative Sentiment: High volatility & mixed data — Very high volume, a large beta, and conflicting EPS figures (some sources report a small positive EPS, others a miss) increase short-term uncertainty and likely amplify downward price pressure as investors sort through which numbers to trust. (Background market data and transcripts cited above.)

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.