Latest news with #PONY
Yahoo
15 hours ago
- Automotive
- Yahoo
Pony AI (PONY) Soars 16.3% on Robotaxi Roadtest Milestone
We recently published . Pony AI Inc. (NASDAQ:PONY) is one of the biggest performers recently. Pony AI soared by 16.29 percent week-on-week, to $15.13 from $13.01 on July 18, as investors cheered its achievement of a 2-million-kilometer road testing, which supported its firm position in the robotaxi industry, particularly in level 4 autonomous driving. The 2-million mark was a significant achievement for Pony AI Inc. (NASDAQ:PONY) as the company moves aggressively into preparations for more vehicle launches in line with its expansion plans. Following the road test milestone, Pony AI Inc. (NASDAQ:PONY) announced on Saturday, July 26, that it officially received a permit to operate fully driverless robotaxi services at the Pudong New Area in Shanghai. Photo by Samuele Errico Piccarini on Unsplash According to the company, its approval made it the only company with a fully driverless commercial Robotaxi service permits in all four of China's tier-one cities—Beijing, Shanghai, Guangzhou, and Shenzhen. It said expansion plans will follow in the core business districts of Jinqiao and Huamu. While we acknowledge the potential of PONY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the .
Yahoo
14-07-2025
- Automotive
- Yahoo
Goldman Sachs Raised the Firm's Price Target on Pony AI (PONY)
Pony AI Inc. (NASDAQ:PONY) is one of the . On May 21, Allen Chang, an analyst from Goldman Sachs, raised the firm's price target on Pony AI Inc. (NASDAQ:PONY) from $23.1 to $26, maintaining a Buy rating on the stock. Analyst Chang likes the company's leadership in Level 4 autonomous mobility in China. Pony AI Inc. (NASDAQ:PONY) now operates a large fleet of robotaxis and robotrucks in four major tier-1 cities, including Beijing, Shanghai, Guangzhou, and Shenzhen. Chang noted that these cities are the largest ride-hailing markets in China. A closeup of a self-driving hardware unit inside the dashboard of a passenger vehicle. In addition, the analyst also noted that the company's regulatory permits for fully driverless robotaxi services in these cities are a major milestone. The profitability of Pony AI Inc. (NASDAQ:PONY) remains attractive, Chang noted that a major factor in the company is the introduction of generation 7 vehicles. This has improved the company's unit economics and operational efficiency. Pony AI Inc. (NASDAQ:PONY) is a technology company that develops and operates autonomous vehicles. It runs three main businesses, including fully driverless robotaxi services, robotruck freight services with safety drivers, and intelligent driving solutions. 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. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
02-07-2025
- Business
- Yahoo
Pony AI (PONY) Drops as Investors in Wait-and-See Mode for Uber Acquisition
Pony AI Inc. (NASDAQ:PONY) is one of the . Pony AI dropped its share prices by 3.37 percent on Monday to close at $13.20 apiece as investors were in a wait-and-see mode for any updates on Uber Technologies Inc.'s (NYSE:UBER) planned acquisition of the Chinese robotaxi firm's US subsidiary. Last week, reports surged that Uber's founder, Travis Kalanick, was eyeing to acquire Pony AI Inc.'s (NASDAQ:PONY) US arm, and that the ride-hailing giant has expressed its support to fund the acquisition. Copyright: dolgachov / 123RF Stock Photo Pony AI Inc. (NASDAQ:PONY) has been mulling over spinning off or selling its US arm since 2022, even going as far as creating a copy of its software. The buyout bid followed Pony AI Inc. (NASDAQ:PONY) and Uber Technologies Inc.'s (NYSE:UBER) partnership of expanding the former's international market presence, kicking off with key markets in the Middle East. While we acknowledge the potential of PONY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
30-06-2025
- Automotive
- Yahoo
Pony AI's U.S. Arm Up for Sale? AV Space Heats Up Further
The U.S. arm of Chinese self-driving car company Pony AI PONY is reportedly being eyed by Uber Technologies UBER in a major development in the autonomous vehicle landscape, which is already very much in focus. The talks between Pony AI and UBER are in a preliminary stage. The financial terms of the potential transaction are undisclosed. We remind investors that China's robotaxi company made its Nasdaq debut in November 2024. Pony AI, which already has an impressive fleet of robotaxis, is expanding its fleet, with around 250 robotaxis late last year. The Chinese company aims to have in excess of 1,000 by 2025. PONY already partners with Uber to deploy its robotaxis onto the Uber platform. The partnership is expected to first launch in a key market in the Middle East later this year, with scope for further expansion. During the initial pilot phase, the robotaxis will have a safety operator onboard. PONY's technology is a suitable choice for Uber's global platform as it is scalable and cost-effective. Coming back to the acquisition news, Uber's former CEO Travis Kalanick is reportedly in talks with the San Francisco-based ride-hailing giant to help fund his plan to buy PONY's U.S. arm. In the event of Uber's acquisition of PONY's U.S. unit materializing, the former will gain a stronger foothold in the AV space, where competition is heating up with every passing day. Alphabet's GOOGL Waymo is a force to reckon with in this evolving and lucrative space. Alphabet, through its Waymo arm, already has commercial operations in several cities across the United States, like San Francisco, Phoenix, Austin and Los Angeles. Adding to the list, earlier this month, Waymo partnered with Uber to launch an autonomous ride-hailing service in Atlanta. Tesla TSLA, the world's most valuable Electric Vehicle or EV company, launched its robotaxi service recently in Austin, TX. TSLA is building its AV technology in-house, betting big on its proprietary Full Self-Driving or FSD technology. Tesla's independence in AV development allows it to maintain full control over the technology. Shares of UBER have gained 51.8% so far this year, outperforming PONY's 4.8% decline in the same timeframe. Image Source: Zacks Investment Research The Zacks Consensus Estimate for UBER's 2025 and 2026 EPS has moved up in the past 30 days. Image Source: Zacks Investment Research The Zacks Consensus Estimate for PONY's 2025 and 2026 losses has remained stable over the past 30 days. Image Source: Zacks Investment Research Currently, UBER carries a Zacks Rank #3 (Hold) and PONY a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Tesla, Inc. (TSLA) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Uber Technologies, Inc. (UBER) : Free Stock Analysis Report Pony AI Inc. - Sponsored ADR (PONY) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Business Insider
28-06-2025
- Automotive
- Business Insider
Pony AI Stock Spikes as Uber, Kalanick Circle Potential Deal
Pony AI (PONY) stock surged yesterday following reports that Uber Technologies (UBER) and its former CEO, Travis Kalanick, are in early discussions to acquire the U.S. arm of the autonomous driving company. The news has sparked investor excitement, signaling a possible comeback for Kalanick in the self-driving space and a strategic move by Uber to deepen its presence in AI-powered mobility. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Following the news, PONY stock soared by nearly 12% on Thursday. Meanwhile, UBER stock gained over 2%. Uber and Kalanick Reunite? According to market reports, Kalanick is working with investors to finance the acquisition of Pony AI's U.S. operations, and Uber may assist in making the deal happen. which went public last year, had already begun preparing its U.S. unit for a sale or spinoff in 2022. If the acquisition proceeds, it would mark Kalanick's return to the autonomous vehicle space after his exit from Uber in 2017. He is expected to manage while continuing to lead his ghost kitchen venture, CloudKitchens. According to Bloomberg Intelligence, any potential deal involving Kalanick would likely be valued at under $500 million, as currently generates no U.S. revenue. Uber to Deepen Push Into Self-Driving Tech For Uber, backing the Pony AI deal could signal a return to a more aggressive approach to autonomous vehicle development. During Kalanick's tenure, Uber focused on building in-house self-driving technology. But after his departure, the company shifted toward partnerships, now collaborating with over a dozen autonomous tech firms, including Alphabet's (GOOGL) Waymo. Earlier this week, Uber and Waymo expanded their partnership to Atlanta, boosting Uber's stock. Meanwhile, Pony AI's rival Tesla (TSLA) launched its long- awaited robotaxi service in Austin last weekend, intensifying the autonomous vehicle race. Is Pony AI a Good Stock to Buy? On TipRanks, PONY stock Pony AI share price target is $23.50, which implies an upside potential of over 60% from current levels.
