Pony AI Inc. (NASDAQ:PONY – Get Free Report)’s share price reached a new 52-week high on Wednesday . The company traded as high as $16.68 and last traded at $16.56, with a volume of 1249975 shares trading hands. The stock had previously closed at $14.09.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Pony AI in a report on Tuesday, January 14th. They issued a “buy” rating and a $20.00 price target on the stock. The Goldman Sachs Group initiated coverage on Pony AI in a research report on Monday, December 23rd. They issued a “buy” rating and a $19.60 target price for the company. Finally, Bank of America started coverage on Pony AI in a research report on Monday, December 23rd. They set a “buy” rating and a $18.00 price target on the stock.
Check Out Our Latest Research Report on Pony AI
Pony AI Stock Performance
Hedge Funds Weigh In On Pony AI
A number of hedge funds and other institutional investors have recently modified their holdings of PONY. Alliancebernstein L.P. bought a new stake in Pony AI in the 4th quarter worth approximately $3,354,000. Wellington Management Group LLP purchased a new position in shares of Pony AI during the fourth quarter worth approximately $19,334,000. IDG China Venture Capital Fund IV Associates L.P. bought a new stake in shares of Pony AI in the 4th quarter worth approximately $144,973,000. IDG China Capital Fund III Associates L.P. purchased a new stake in shares of Pony AI in the 4th quarter valued at $93,700,000. Finally, Robeco Schweiz AG bought a new position in shares of Pony AI during the 4th quarter valued at $8,811,000.
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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