Pony AI Inc. (NASDAQ:PONY – Get Free Report) dropped 4.7% during mid-day trading on Friday . The company traded as low as $14.30 and last traded at $14.47. Approximately 189,501 shares changed hands during mid-day trading, a decline of 49% from the average daily volume of 368,915 shares. The stock had previously closed at $15.19.
Wall Street Analyst Weigh In
PONY has been the topic of several research reports. Bank of America began coverage on Pony AI in a report on Monday, December 23rd. They set a “buy” rating and a $18.00 price objective on the stock. The Goldman Sachs Group began coverage on Pony AI in a research note on Monday, December 23rd. They set a “buy” rating and a $19.60 price target on the stock.
View Our Latest Analysis on PONY
Pony AI Stock Down 3.4 %
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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