Pony AI (NASDAQ:PONY) Coverage Initiated at The Goldman Sachs Group

Stock analysts at The Goldman Sachs Group began coverage on shares of Pony AI (NASDAQ:PONY) in a research report issued on Monday, Marketbeat reports. The brokerage set a “buy” rating and a $19.60 price target on the stock. The Goldman Sachs Group’s price target would suggest a potential upside of 50.54% from the stock’s current price.

Pony AI Stock Performance

NASDAQ PONY opened at $13.02 on Monday. Pony AI has a 52-week low of $11.90 and a 52-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.