Pony AI Inc. (NASDAQ:PONY) is one of the Best Autonomous Vehicle Stocks to Buy Now. Wall Street has a Strong Buy on the stock, with 94% of the 18 analysts having a Buy rating on the stock. Analysts’ 12-month price target reflects more than 54% upside from the current level. Recently, on January 15, Jeff Chung from Citi reiterated a Buy rating on Pony AI Inc. (NASDAQ:PONY) with a $15.3 price target.
That said, earlier on January 10, the company announced expanding its partnership with BAIC BJEV. Management noted that the collaboration focuses on joint Robotaxi development, ecosystem integration, and global expansion to drive commercialization and growth in autonomous mobility.
Together, both companies have produced over 600 ARCFOX Alpha T5 Robotaxis using Pony.ai’s Gen-7 platform. Management noted that with the extended partnership, the companies plan mass production of next-gen Robotaxi models with cutting-edge vehicle designs and in-cabin tech to improve rider experience. Moreover, Pony AI Inc. (NASDAQ:PONY) also aims to create a full Robotaxi value chain across both upstream and downstream capabilities.
Pony AI Inc. (NASDAQ:PONY), through its subsidiaries, engages in the autonomous mobility business in the People’s Republic of China, the US, and internationally. The company develops a proprietary Virtual Driver that uses a unified AI software stack.
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. This article is originally published at Insider Monkey.
