Pony AI Inc. (NASDAQ:PONY – Get Free Report) shares dropped 2.5% on Tuesday . The company traded as low as $13.91 and last traded at $14.03. Approximately 106,871 shares changed hands during mid-day trading, a decline of 89% from the average daily volume of 959,574 shares. The stock had previously closed at $14.39.
Analysts Set New Price Targets
A number of equities analysts recently commented on the stock. Bank of America initiated coverage on shares of Pony AI in a research note on Monday. They set a “buy” rating and a $18.00 target price for the company. The Goldman Sachs Group assumed coverage on Pony AI in a research report on Monday. They set a “buy” rating and a $19.60 price objective for the company.
Check Out Our Latest Stock Analysis on Pony AI
Pony AI Trading Down 9.5 %
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.
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