Analysts Set Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) PT at $19.40

Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) has earned an average rating of “Buy” from the six research firms that are currently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $19.40.

Several equities research analysts have commented on the stock. Daiwa Capital Markets assumed coverage on shares of Pony AI in a report on Sunday, July 27th. They set an “outperform” rating on the stock. Wall Street Zen raised shares of Pony AI from a “strong sell” rating to a “hold” rating in a report on Saturday, August 16th. UBS Group assumed coverage on shares of Pony AI in a report on Monday, August 4th. They set a “buy” rating and a $20.00 price objective on the stock. Finally, Daiwa America raised shares of Pony AI to a “strong-buy” rating in a report on Sunday, July 27th.

Pony AI Price Performance

Shares of NASDAQ:PONY opened at $21.34 on Wednesday. The company’s 50-day moving average is $15.02 and its 200 day moving average is $13.08. Pony AI has a fifty-two week low of $4.11 and a fifty-two week high of $23.88.

Pony AI (NASDAQ:PONY) last issued its quarterly earnings results on Tuesday, August 12th. The company reported ($0.14) earnings per share for the quarter. The company had revenue of $21.45 million for the quarter. On average, analysts predict that Pony AI will post -0.38 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Pony AI

A number of institutional investors and hedge funds have recently modified their holdings of PONY. Osaic Holdings Inc. bought a new position in shares of Pony AI in the second quarter worth approximately $140,000. Johns Hopkins University bought a new position in shares of Pony AI in the second quarter worth approximately $207,000. Nikko Asset Management Americas Inc. bought a new position in shares of Pony AI in the second quarter worth approximately $3,848,000. Rafferty Asset Management LLC bought a new position in shares of Pony AI in the second quarter worth approximately $270,000. Finally, Mission Creek Capital Partners Inc. bought a new position in shares of Pony AI in the second quarter worth approximately $335,000.

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.