Invest in this robotaxi stock for 40% returns in 2025
Goldman Sachs analyst Allen Chang expects Pony AI Inc (NASDAQ: PONY) – an autonomous vehicles startup based out of Guangzhou, China to do exceptionally well in 2025. He assumed coverage of the robotaxi stock today with a “buy” rating and $19.60 price target that indicates a potential 40% upside from here.
Pony AI Speeds Past Competitors, Commercializes Fully Driverless Vehicles
Shares of autonomous driving technology leader Pony AI Inc PONY debuted on Nasdaq in November.
Pony AI: An Attractive Autonomous Driving Technology Play
Initiating coverage on Pony AI with a 'Buy' rating, citing industry tailwinds and significant growth potential in autonomous driving technology over the next 24–36 months. PONY's robotaxi and robotruck segments show strong early growth, with strategic partnerships and regulatory approvals positioning the company for future expansion. Despite current losses, the company's high R&D investment and industry partnerships are expected to drive innovation and long-term profitability.
Pony AI IPO: What To Make Of It
Pony AI, a Chinese autonomous vehicle company, recently went public, raising $260 million but experiencing initial share price volatility, now trading around $12. The company focuses on robotaxi and self-driving truck technology, with significant operations in China and partnerships with major automakers like Toyota. Despite strong revenue growth, Pony AI remains unprofitable, burning $90 million in cash in H1 2024.
Pony AI's IPO debut could set the stage for more Chinese listings as thaw eases
Chinese companies had been avoiding U.S. listings due to geopolitical tensions, but now they have fresh reason to consider U.S. markets again.
Pony AI to Make Trading Debut After Stock IPO Priced at $13
The Chinese autonomous-driving company expects total gross proceeds of at least $413 million from the IPO.
China's robotaxi startup Pony AI raises $260 mln in US IPO
China-based robotaxi company Pony AI said on Wednesday it had raised $260 million in its U.S. initial public offering, pricing its American depositary shares at $13 each.
U.S. IPO Weekly Recap: ServiceTitan Joins The IPO Pipeline As Pony AI Delays
One small Chinese issuer and two SPACs went public in the US this past week: ServiceTitan, Cerebras Systems and Ming Shing Group, respectively. Australian medical device company Anteris Technologies filed to raise $75 million. Two IPOs are currently scheduled in the week ahead - Pony AI and Venu Holding.
Chinese AV startup Pony AI boosts its IPO goal to $260M
Pony AI, the Chinese autonomous vehicle startup that's looking to go public on the Nasdaq stock exchange, now wants to raise around $260 million, according to a new regulatory filing.
Pony AI eyes up to $4.55B valuation in upsized US market debut
Chinese autonomous driving company Pony AI is targeting a valuation of up to $4.55 billion in an upsized initial public offering (IPO) in the US, the company said on Wednesday. The company plans to offer 20 million American depositary shares (ADSs) priced between $11 and $13 to raise as much as $260 million during the IPO.
Chinese robotaxi firm Pony AI seeks to raise up to $260 mln in upsized US IPO
Chinese autonomous driving firm Pony AI said on Wednesday it was targeting to raise up to $260 million in its upsized initial public offering in the United States.
Chinese autonomous-driving company Pony AI steers toward U.S. initial public offering
Software maker plans to trade on the Nasdaq under the symbol “PONY.”
