Pony AI (PONY) Expands Robotaxi Services to Shanghai—Analysts Stay Bullish

Pony AI Inc. (NASDAQ:PONY) is one of the AI Stocks Making Waves on Wall StreetOn July 30, Goldman Sachs analyst Allen Chang maintained a “Buy” rating on the stock and set a price target of $26.00. The firm is optimistic about the company’s strategic advancements and growth potential in the autonomous vehicle sector.

Pony AI’s latest commercialization efforts have borne fruit, with the company having obtained a permit to provide fully driverless commercial Robotaxi services in the Shanghai Pudong New Area.

The company has already been operating in major tier-1 cities like Beijing, Shenzhen, and Guangzhou, and now that it has expanded into Shanghai, it has strengthened its market presence and revenue potential further.

Pony AI (PONY) Expands Robotaxi Services to Shanghai—Analysts Stay Bullish

A fleet of autonomous vehicles driving down a sun-drenched highway.

The Chinese autonomous vehicle technology company is religiously devoted to technological innovation, as evident from its full time Robotaxi testing across areas such as Beijing, Shenzhen, and Guangzhou. Meanwhile, the Gen-7 Robotaxi manufactured in collaboration with major automotive manufacturers’ further promises lower hardware costs and enhanced software capabilities.

Pony AI Inc. (NASDAQ:PONY) specializes in autonomous mobility, offering AI-driven robotruck and robotaxi services, intelligent driving software, and vehicle integration solutions.

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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Disclosure: None.