Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) Receives $22.10 Average PT from Analysts

Shares of Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) have been assigned a consensus rating of “Moderate Buy” from the eight analysts that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $22.10.

Several equities analysts have commented on PONY shares. Macquarie Infrastructure initiated 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. Barclays began coverage on shares of Pony AI in a report on Tuesday, December 16th. They issued an “equal weight” rating and a $15.00 price target for the company. Wall Street Zen raised Pony AI from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Citigroup reaffirmed a “buy” rating on shares of Pony AI in a research note on Thursday, January 15th. Finally, CLSA started coverage on Pony AI in a report on Friday, January 2nd. They issued an “outperform” rating and a $22.00 target price for the company.

Institutional Investors Weigh In On Pony AI

Several hedge funds and other institutional investors have recently made changes to their positions in PONY. Goldman Sachs Group Inc. bought a new stake in shares of Pony AI in the 1st quarter worth about $139,000. CWM LLC bought a new stake in Pony AI in the second quarter worth about $28,000. Sumitomo Mitsui Trust Group Inc. purchased a new position in shares of Pony AI during the second quarter valued at approximately $3,848,000. TMT General Partner Ltd bought a new position in shares of Pony AI during the second quarter valued at approximately $71,903,000. Finally, Eleva Capital SAS bought a new position in shares of Pony AI during the second quarter valued at approximately $1,040,000.

Pony AI Trading Down 1.4%

Shares of Pony AI stock opened at $13.61 on Friday. The firm has a market cap of $5.24 billion, a PE ratio of -9.65 and a beta of 6.39. The stock has a 50 day moving average of $15.14 and a 200 day moving average of $16.13. Pony AI has a 12 month low of $4.11 and a 12 month high of $24.92.

Pony AI (NASDAQ:PONY) last issued its quarterly earnings data on Tuesday, November 25th. The company reported ($0.16) earnings per share (EPS) for the quarter. The firm had revenue of $25.44 million for the quarter. Pony AI had a negative return on equity of 37.99% and a negative net margin of 350.98%. As a group, equities research analysts forecast that Pony AI will post -0.38 earnings per share for the current fiscal year.

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.