Shares of Pony AI Inc. (NASDAQ:PONY – Get Free Report) were down 7.5% on Monday . The stock traded as low as $13.72 and last traded at $13.95. Approximately 147,567 shares traded hands during trading, a decline of 87% from the average daily volume of 1,163,313 shares. The stock had previously closed at $15.08.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on PONY shares. The Goldman Sachs Group began coverage on Pony AI in a research note on Monday, December 23rd. They issued a “buy” rating and a $19.60 price objective on the stock. Bank of America started coverage on shares of Pony AI in a research note on Monday, December 23rd. They set a “buy” rating and a $18.00 price target on the stock.
Check Out Our Latest Stock Analysis on Pony AI
Pony AI Stock Performance
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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