Pony AI (NASDAQ:PONY) Earns Buy Rating from Analysts at The Goldman Sachs Group

The Goldman Sachs Group started coverage on shares of Pony AI (NASDAQ:PONY) in a report issued on Monday, Marketbeat reports. The firm set a “buy” rating and a $19.60 price target on the stock. The Goldman Sachs Group’s price target suggests a potential upside of 50.54% from the company’s previous close.

Pony AI Price Performance

NASDAQ:PONY opened at $13.02 on Monday. Pony AI has a 52 week low of $11.90 and a 52 week 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.