Brokerages Set Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) Target Price at $21.70

Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) has been given a consensus recommendation of “Moderate Buy” by the nine ratings firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $21.70.

PONY has been the topic of a number of recent research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Pony AI in a research note on Wednesday, October 8th. Barclays started coverage on shares of Pony AI in a report on Tuesday, December 16th. They set an “equal weight” rating and a $15.00 price target for the company. Macquarie started coverage on shares of Pony AI in a research report on Monday, December 15th. They set an “outperform” rating and a $29.00 price objective for the company. Jefferies Financial Group assumed coverage on shares of Pony AI in a research note on Friday, October 10th. They set a “buy” rating for the company. Finally, Citigroup cut their price target on Pony AI from $29.00 to $24.50 and set a “buy” rating on the stock in a research note on Friday, November 7th.

Pony AI Price Performance

Shares of NASDAQ PONY opened at $14.96 on Friday. The company has a market cap of $5.76 billion and a price-to-earnings ratio of -10.61. The stock’s 50-day moving average is $15.26 and its two-hundred day moving average is $15.60. Pony AI has a 1-year low of $4.11 and a 1-year high of $24.92.

Hedge Funds Weigh In On Pony AI

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. CWM LLC acquired a new stake in Pony AI during the second quarter worth approximately $28,000. Jones Financial Companies Lllp grew its position in shares of Pony AI by 704.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 2,197 shares of the company’s stock valued at $47,000 after buying an additional 1,924 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Pony AI by 103.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,110 shares of the company’s stock worth $47,000 after acquiring an additional 62,748 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in Pony AI during the 3rd quarter worth $50,000. Finally, Daiwa Securities Group Inc. purchased a new stake in Pony AI in the second quarter valued at $64,000.

Pony AI Company Profile

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.