Pony AI Inc. (NASDAQ:PONY – Get Free Report) shares traded up 6% during mid-day trading on Monday . The company traded as high as $14.20 and last traded at $13.95. 414,401 shares were traded during trading, a decline of 56% from the average session volume of 949,641 shares. The stock had previously closed at $13.16.
Analysts Set New Price Targets
PONY has been the topic of a number of analyst reports. Bank of America began coverage on shares of Pony AI in a report on Monday. They set a “buy” rating and a $18.00 target price on the stock. 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 price target on the stock.
Read Our Latest Stock Analysis on Pony AI
Pony AI Price Performance
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.
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