Goldman Sachs declares on fast-growing independent driving business Pony AI. Analyst Allen Chang stated a buy score on the robotaxi supply, increasing his 12-month cost target to $22.50 from $19.60, indicating shares might get concerning 22% compared to Wednesday’s close. Guangzhou, China- based Pony AI has actually been increase its robotaxi growth, according toChang In December, the business obtained a mutual-recognition of certification in the Greater Bay Area of China, relieving the course to various other certifications for cross-city procedures, the expert stated. The business started driverless examinations on a freeway in Beijing last month and likewise introduced solutions at theHong Kong International Airport “We are positive on Pony AI given the strong [research and development], early mover in getting Robotaxi licenses in tier 1 cities, and ecosystem/partnership in the industry to reduce vehicle costs and customer acquisition costs,” Chang composed in a note onWednesday Pony AI American Depositary Receipts on Nasdaq are in advance concerning 22% in 2025, after dropping 17% in 2024, according to FactSet information. Pony AI came to be public in late November 2024 in a going public led byGoldman Sachs HORSE 1D hill Pony AI shares on Thursday–‘s Michael Bloom added to this record.
