Bank of America Initiates Coverage on Pony AI (NASDAQ:PONY)

Stock analysts at Bank of America initiated coverage on shares of Pony AI (NASDAQ:PONY) in a report released 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 suggests a potential upside of 36.78% from the stock’s previous close.

Separately, The Goldman Sachs Group initiated coverage on Pony AI in a report on Monday. They issued a “buy” rating and a $19.60 target price for the company.

Pony AI Stock Performance

NASDAQ:PONY opened at $13.16 on Monday. Pony AI has a twelve month low of $11.90 and a twelve month 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.