Pony AI (NASDAQ:PONY) Posts Quarterly Earnings Results

Pony AI (NASDAQ:PONY) posted its earnings results on Tuesday. The company reported ($0.99) earnings per share (EPS) for the quarter, Zacks reports.

Pony AI Stock Performance

Shares of NASDAQ:PONY opened at $13.21 on Tuesday. The company’s 50 day simple moving average is $14.63. Pony AI has a 1 year low of $11.90 and a 1 year high of $23.88.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Pony AI in a research note on Tuesday, January 14th. They issued a “buy” rating and a $20.00 target price on the stock. The Goldman Sachs Group started coverage on shares of Pony AI in a research note on Monday, December 23rd. They set a “buy” rating and a $19.60 price objective on the stock. Finally, Bank of America began coverage on shares of Pony AI in a research note on Monday, December 23rd. They issued a “buy” rating and a $18.00 target price for the company.

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.