Pony AI (NASDAQ:PONY) Coverage Initiated by Analysts at BNP Paribas Exane

BNP Paribas Exane assumed coverage on shares of Pony AI (NASDAQ:PONY) in a research report sent to investors on Thursday morning, Marketbeat Ratings reports. The firm issued a neutral rating and a $12.50 price target on the stock.

PONY has been the topic of a number of other research reports. CLSA initiated coverage on shares of Pony AI in a research report on Friday, January 2nd. They issued an “outperform” rating and a $22.00 target price on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Pony AI in a research note on Thursday, January 22nd. Citigroup restated a “buy” rating on shares of Pony AI in a report on Thursday, January 15th. Barclays initiated coverage on shares of Pony AI in a research report on Tuesday, December 16th. They set an “equal weight” rating and a $15.00 price objective for the company. Finally, Macquarie Infrastructure initiated coverage on shares of Pony AI in a report on Monday, December 15th. They issued an “outperform” rating and a $29.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Pony AI presently has an average rating of “Moderate Buy” and a consensus price target of $20.50.

Pony AI Trading Down 14.7%

NASDAQ PONY opened at $9.72 on Thursday. The stock has a fifty day simple moving average of $13.54 and a 200-day simple moving average of $15.74. The stock has a market cap of $3.75 billion, a PE ratio of -6.89 and a beta of 6.26. Pony AI has a twelve month low of $4.11 and a twelve month high of $24.92.

Institutional Trading of Pony AI

Several hedge funds have recently made changes to their positions in the business. HSG Holding Ltd acquired a new stake in shares of Pony AI during the second quarter worth about $78,184,000. Aspex Management HK Ltd grew its holdings in shares of Pony AI by 728.1% in the third quarter. Aspex Management HK Ltd now owns 4,140,447 shares of the company’s stock valued at $93,119,000 after purchasing an additional 3,640,447 shares in the last quarter. Lingotto Investment Management LLP increased its stake in Pony AI by 72.6% during the 4th quarter. Lingotto Investment Management LLP now owns 4,107,512 shares of the company’s stock worth $59,559,000 after buying an additional 1,727,620 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Pony AI during the 3rd quarter worth approximately $89,174,000. Finally, Tiger Global Management LLC lifted its holdings in Pony AI by 683.8% during the 4th quarter. Tiger Global Management LLC now owns 2,900,000 shares of the company’s stock worth $42,050,000 after buying an additional 2,530,000 shares in the last quarter.

Key Pony AI News

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

• Positive Sentiment: Pony.ai confirmed aggressive expansion plans — targeting ~3,000 robotaxis across 20+ cities in 2026 and saying it will more than double its fleet, a sign of accelerating commercial scale that supports long‑term revenue growth. Reuters: Pony.ai to more than double robotaxi fleet
• Positive Sentiment: Pony.ai announced a strategic partnership with Uber and Verne to launch Europe’s first commercial robotaxi service starting in Zagreb — a validation of its platform and a potential channel to accelerate international monetization. Reuters: Uber, Pony.ai and Verne team up
• Positive Sentiment: Company reported strong YoY commercial metrics in Q4 — large percentage increases in robotaxi and fare‑charging revenues that indicate demand/usage gains as deployments scale. GlobeNewswire: Robotaxi revenue growth
• Neutral Sentiment: BNP Paribas Exane initiated coverage with a Neutral rating and $12.50 price target — acknowledges upside but stops short of endorsing a buy, which may cap near‑term enthusiasm.
• Neutral Sentiment: Unusually large options activity: roughly 27,000 call options traded (≈+367% vs typical daily call volume), suggesting speculative bullish bets and adding to volatility in the stock.
• Negative Sentiment: Market reaction focused on mixed Q4 results: while there was a $75.5M GAAP profit, much of it came from a $132.5M paper gain on trading securities and reported revenue weakness — raising concerns about earnings quality and sustainability. ProactiveInvestors: Shares slide as revenue falls
• Negative Sentiment: Earnings call details and management commentary (transcript) highlighted mixed execution and left some questions on margins and cash generation, which likely reinforced investor caution. Seeking Alpha: Q4 2025 earnings call transcript

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.