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Pony AI initiated with an Equal Weight at Barclays

Barclays analyst Jiong Shao initiated coverage of Pony AI (PONY) with an Equal Weight rating and $15 price target While the firm is “confident” that robotaxi technologies are mostly ready in China and that there is a “viable business model,” it says it “cannot overlook the challenges the industry is facing,” adding that the future potential of the robotaxi leader is “in robo, not in taxi.”

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