Pony AI (NASDAQ:PONY) Coverage Initiated by Analysts at Bank of America

Investment analysts at Bank of America initiated coverage on shares of Pony AI (NASDAQ:PONY) in a research report issued on Monday,Briefing.com Automated Import reports. The firm set a “buy” rating and a $18.00 price target on the stock. Bank of America‘s price target would suggest a potential upside of 36.78% from the stock’s previous close.

Separately, The Goldman Sachs Group started coverage on shares of Pony AI in a research report on Monday. They set a “buy” rating and a $19.60 price target on the stock.

Pony AI Price Performance

NASDAQ:PONY opened at $13.16 on Monday. Pony AI has a fifty-two week low of $11.90 and a fifty-two week high of $16.32.

About Pony AI

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.