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Here’s What Wall Street Thinks About Pony AI (PONY)

Pony AI Inc. (NASDAQ:PONY) is one of the Best Young Tech Stocks to Buy. On December 16, Jiong Shao from Barclays initiated Pony AI Inc. (NASDAQ:PONY) with a Hold rating and a $15 price target. A day earlier, on December 15, Eugene Hsiao from Macquarie also initiated coverage on the stock with a Buy rating and a $29 price target.

Analyst Shao of Barclays noted that they remain optimistic regarding the future potential of robotaxis. He added that most of the robotics technology in China is ready, and the firm also sees a viable business model for these technological advancements. However, despite this, the company assigned an Equal Weight rating, noting that the challenges of this industry can not be overlooked.

On the other hand, Hsiao of Macquarie is bullish on the Chinese autonomous driving industry. He expects 2026 to be an important inflection point where robotaxis transition from pilot projects to viable commercial businesses. In this scenario, the firm sees Pony AI Inc. (NASDAQ:PONY) as a leader in the industry. He added that the positive sign for the company is that its biggest challenge right now is regulation rather than technology.

In addition, the firm also highlighted that Pony AI Inc. (NASDAQ:PONY) has to focus on establishing its presence in Tier-1 Chinese cities before expanding to other cities. The analyst noted that this strategy will help the company in lifting daily fares per vehicle, which will, in return improve the unit economics.

Pony AI Inc. (NASDAQ:PONY) is a leading autonomous mobility technology company. The company leverages its Virtual Driver technology, a full-stack autonomous driving technology that utilizes the company’s proprietary software, hardware, and services, to enable the large-scale production and deployment of autonomous vehicles.

While we acknowledge the potential of PONY to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PONY and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.

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When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

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  • 175 Teslas
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  • 140 Metas
  • 84 Googles
  • 65 Microsofts
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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
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