Pony AI (NASDAQ:PONY – Get Free Report) announced its earnings results on Tuesday. The company reported ($0.99) earnings per share (EPS) for the quarter, Zacks reports.
Pony AI Price Performance
Pony AI stock opened at $13.21 on Tuesday. Pony AI has a 12-month low of $11.90 and a 12-month high of $23.88. The business has a 50-day moving average price of $14.63.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on PONY shares. The Goldman Sachs Group started coverage on shares of Pony AI in a research report on Monday, December 23rd. They set a “buy” rating and a $19.60 price objective on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on Pony AI in a research report on Tuesday, January 14th. They issued a “buy” rating and a $20.00 price target for the company. Finally, Bank of America initiated coverage on Pony AI in a research report on Monday, December 23rd. They set a “buy” rating and a $18.00 price objective on the stock.
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.
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