Goldman Sachs is positive with the fast-growing self-driving company Pony AI. Analyst Allen Chang has repeatedly rated his Robotaxi stock’s purchases, increasing his 12-month price target from $19.60 to $22.50. According to Chang, China-based Pony AI Guangzhou is increasing its Robotaxi expansion. In December, the company received mutual recognition in China’s Greater Bay Area, easing its path to other qualifications for its intercity business, analysts said. The company began driverless testing on Beijing’s highways last month and also announced services at Hong Kong International Airport. “We will reduce vehicle costs and customer acquisition costs, taking into account strong (research and development), early initiators to obtain Robotaxi licenses in tier 1 cities, and industry ecosystem/partnerships. That being said, I’m positive about Pony AI,” Chang wrote in a note. Wednesday. According to Factset data, Nasdaq’s Pony AI American Depositary Receids is about 22% ahead in 2025 after falling 17% in 2024. Pony AI was released in late November 2024, the first public offer led by Goldman Sachs. Pony 1D Mountain Pony AI will be shared on Thursday – CNBC’s Michael Bloom contributed to this report.
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Goldman is bullish as an AI play at this Chinese autonomous driving company
