Pony AI (PONY) Expands Robotaxi Services to Shanghai-Analysts Stay Bullish

Pony AI Inc. (NASDAQ:PONY) is one of the AI Stocks Making Waves on Wall Street. On July 30, Goldman Sachs analyst Allen Chang maintained a “Buy” rating on the stock and set a price target of $26.00. The firm is optimistic about the company’s strategic advancements and growth potential in the autonomous vehicle sector.

Pony AI’s latest commercialization efforts have borne fruit, with the company having obtained a permit to provide fully driverless commercial Robotaxi services in the Shanghai Pudong New Area.

The company has already been operating in major tier-1 cities like Beijing, Shenzhen, and Guangzhou, and now that it has expanded into Shanghai, it has strengthened its market presence and revenue potential further.

The Chinese autonomous vehicle technology company is religiously devoted to technological innovation, as evident from its full time Robotaxi testing across areas such as Beijing, Shenzhen, and Guangzhou. Meanwhile, the Gen-7 Robotaxi manufactured in collaboration with major automotive manufacturers’ further promises lower hardware costs and enhanced software capabilities.

Pony AI Inc. (NASDAQ:PONY) specializes in autonomous mobility, offering AI-driven robotruck and robotaxi services, intelligent driving software, and vehicle integration 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.

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Disclosure: None.