Pony AI (PONY) Gets $16.60 Target in HSBC Buy Initiation

Pony AI Inc. (NASDAQ:PONY) is among the 13 Best Strong Buy AI Stocks to Invest In Now.

On March 31, 2026, HSBC initiated coverage on Pony AI Inc. (NASDAQ:PONY) with a Buy rating and a $16.60 price target, reflecting a more constructive outlook on the company’s growth trajectory. The initiation signals increasing confidence in Pony AI’s ability to commercialize autonomous driving technology and scale its robotaxi operations, marking a positive shift in analyst sentiment.

On March 30, Barclays analyst Jiong Shao lowered the firm’s price target on Pony AI Inc. (NASDAQ:PONY) to $10 from $15 while maintaining an Equal Weight rating, noting that the company continues to demonstrate solid execution despite an evolving business model. While the revised target reflects near-term uncertainties, the acknowledgment of operational progress suggests that Pony AI is making tangible strides toward commercialization, supporting its long-term growth potential.

Pony AI Inc. (NASDAQ:PONY) is an autonomous driving technology company specializing in its proprietary “Virtual Driver” system for robotaxis and autonomous logistics. Founded in 2016 and operating across China and the United States, the company represents a high-growth, speculative opportunity tied to the commercialization of driverless mobility solutions and the broader AI-driven transportation revolution.

While we acknowledge the potential of PONY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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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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