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Pony AI Stock Surges on Citi’s Bullish Robotaxi Outlook
Pony AI Stock Surges on Citi’s Bullish Robotaxi Outlook
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BTCCSquare news:
Pony AI shares accelerated 7.3% Monday after Citi initiated coverage with a $29 price target, projecting a 28% upside. Analyst Jeff Chung sees China's robotaxi penetration reaching 9% by 2030, calling the sector an "inflection point."
The bank simultaneously endorsed a peer with a $15.50 target, signaling broad confidence in autonomous ride-hailing. Pony's rally dwarfed the index's 0.3% gain as investors bet on Chung's projection of 30% market penetration by 2035.
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