Pony AI Inc. (NASDAQ:PONY) is one of the AI Stocks Analysts Are Watching Closely. On August 4, UBS analyst Paul Gong initiates coverage on the stock with a Buy rating and a $20 price target.
According to UBS analysts, Pony is best positioned for China’s robotaxi commercialization considering it is the only robotaxi company to initiate commercial fee-charging and driverless operations in all four tier-one Chinese cities.
The firm came away impressed from test drives, particularly looking at the company’s ability to handle complicated road situations without human help.
Photo by Samuele Errico Piccarini on Unsplash
“We initiate coverage with a Buy rating and a PT of US$20, implying 53% upside potential. Pony is the first and only robotaxi company to start commercial fee-charging and driverless robotaxi operations in all four tier 1 cities in China. During our test drives in Guangzhou and Shenzhen, Pony impressed us with its capability in handling complicated road situations without human intervention. We forecast a 2025-30 sales CAGR of 96% on Pony’s robotaxi technology and operating scaling efforts.”
Pony AI Inc. specializes in autonomous mobility, offering AI-driven robotruck and robotaxi services, intelligent driving software, and vehicle integration solutions.
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