Jefferies initiated coverage of Pony AI (PONY) with a Buy rating and $32.80 price target China’s Robotaxi market is transitioning from pilot to scale and Pony “stands out for its regulatory leadership, cost-down roadmap, and full-stack capabilities,” the analyst tells investors. The firm, which views Pony as best positioned to harness network effects and margin expansion as autonomous mobility scales, sees the company capturing 30% of the domestic Chinese market long term.
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