HSBC Initiates Coverage of Pony AI (PONY) with a Buy Rating

Pony AI Inc. (NASDAQ:PONY) is one of the 7 Best Strong Buy Asian Stocks to Invest InOn March 31, 2026, HSBC initiated coverage on Pony AI Inc. (NASDAQ:PONY) with a Buy rating and a $16.60 price target. HSBC noted the company’s robotaxi fleet reached 1,159 vehicles by the end of 2025, exceeding its earlier target of 1,000, and said the current valuation offers an attractive risk-reward profile, with the stock trading close to its bear case assumptions. HSBC added that early movers with the ability to scale robotaxi fleets are likely to be rewarded.

On March 26, 2026, Pony AI reported Q4 EPS of (12c) compared to (23c) last year, with revenue of $29.13M versus $35.52M a year ago. Robotaxi services revenue reached $6.7M, up 159.5% year over year, with fare-charging revenue increasing over 500%. CEO James Peng said 2025 was an “amazing year,” highlighting growth in fleet size, operations, and user base, along with unit economics breakeven in multiple cities. James Peng added the company plans to scale its fleet to over 3,000 vehicles and expand to more than 20 cities globally, supported by a partnership with Toyota and a dual-engine growth strategy.

HSBC Initiates Coverage of Pony AI (PONY) with a Buy Rating

On March 19, 2026, Pony AI announced the delivery of over 100 seventh-generation robotaxis to Guangzhou Chenqi Mobility Technology, based on the GAC AION V model, with the vehicles set to begin commercial operations on the OnTime Mobility platform. The company also signed an upgraded strategic cooperation agreement with Chenqi Mobility to expand fleet size and geographic coverage, with Pony AI focusing on autonomous driving technology development and licensing its “Virtual Driver” system, while Chenqi Mobility handles fleet ownership and operations.

Pony AI Inc. (NASDAQ:PONY) provides autonomous mobility solutions, including robotaxi services and autonomous driving technology.

While we acknowledge the risk and potential of PONY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than PONY and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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