HSBC Initiates Coverage of Pony AI (PONY) with a Buy Rating
HSBC gives Pony AI a Buy rating.
HSBC has initiated coverage of Pony AI Inc. (NASDAQ:PONY) with a Buy rating, setting a price target of $16.60. The firm highlighted the company's robotaxi fleet, which surpassed its target by reaching 1,159 vehicles by the end of 2025, and noted that the current valuation presents an attractive risk-reward profile. CEO James Peng emphasized significant growth in fleet size and operations, with plans to scale to over 3,000 vehicles and expand to more than 20 cities globally.
Key Takeaways
- 1.
HSBC set a price target of $16.60 for Pony AI shares.
- 2.
Pony AI's robotaxi fleet grew to 1,159 vehicles by the end of 2025.
- 3.
The company plans to expand its fleet to over 3,000 vehicles and enter more than 20 cities.
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