Analysts Set Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) PT at $19.40

Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) has been assigned an average rating of “Buy” from the six brokerages that are covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $19.40.

Several brokerages have weighed in on PONY. UBS Group began coverage on Pony AI in a report on Monday, August 4th. They set a “buy” rating and a $20.00 price objective for the company. Daiwa Capital Markets assumed coverage on Pony AI in a report on Sunday, July 27th. They set an “outperform” rating for the company. Daiwa America raised Pony AI to a “strong-buy” rating in a report on Sunday, July 27th. Finally, Wall Street Zen raised Pony AI from a “strong sell” rating to a “hold” rating in a report on Saturday, August 16th.

Hedge Funds Weigh In On Pony AI

Large investors have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Pony AI by 3,136.3% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 632,791 shares of the company’s stock worth $5,581,000 after acquiring an additional 613,238 shares during the period. Yarbrough Capital LLC boosted its holdings in shares of Pony AI by 38.0% in the first quarter. Yarbrough Capital LLC now owns 100,001 shares of the company’s stock worth $882,000 after acquiring an additional 27,538 shares during the period. Prudential PLC bought a new position in shares of Pony AI in the first quarter worth $334,000. Allspring Global Investments Holdings LLC bought a new position in shares of Pony AI in the first quarter worth $293,000. Finally, Squarepoint Ops LLC bought a new position in shares of Pony AI in the fourth quarter worth $691,000.

Pony AI Stock Up 18.5%

Shares of PONY opened at $20.71 on Wednesday. The stock has a 50 day moving average of $14.69 and a 200 day moving average of $13.01. Pony AI has a 12 month low of $4.11 and a 12 month high of $23.88.

Pony AI (NASDAQ:PONY) last issued its quarterly earnings results on Tuesday, August 12th. The company reported ($0.14) EPS for the quarter. The company had revenue of $21.45 million during the quarter. Research analysts predict that Pony AI will post -0.38 earnings per share for the current year.

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.