Reported 1 day ago
Bank of America Securities has reaffirmed a Buy rating for Pony AI Inc. (NASDAQ:PONY), setting a price target of $21. Analyst Ming-Hsun Lee praised the company's advancements in robotaxi technology, noting its new seventh-generation model in mass production, using high-quality parts and lowering production costs. Pony AI aims to expand its fleet to 1,000 vehicles by the end of 2025, enhance service in major Chinese cities, and form international partnerships to increase profitability. The company's innovative Virtual Driver technology is highlighted as a significant competitive edge.
Source: YAHOO