Why Pony AI Stock Raced to a 9% Gain Today

Autonomous vehicle technology specialist Pony AI (NASDAQ: PONY) galloped well higher on the stock exchange Monday. Much of this had to with an initiation of coverage by an analyst, which helped accelerate the company's share price by more than 9% that trading session. This easily outpaced that 1.6% rise of the S&P 500 (SNPINDEX: ^GSPC) on the day.Monday morning, Johnson Wan of Jefferies formally launched his tracking of Pony AI with a buy recommendation. Wan set his price target for the shares at $32.80 apiece, well up from its recent $22.19 closing price. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool