0558 GMT - Goldman Sachs remains positive on Pony AI given its rising scale in robotaxis amid business upgrades and tech developments, the analysts write in a note. Robotaxi operations are ramping up and the company's fare-charging revenue in the first quarter rose 800% on year, in line with the analysts' expectation of increasing contributions from recurring revenues to support a more stable performance in coming quarters,they say.GS thinks Pony AI's latest generation of robotaxis could attract more potential users with better cost efficiency and a larger fleet size. GS maintains its buy rating on the stock and raises its target price to $26.00 from $23.10. Shares last closed at $17.29. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
May 22, 2025 01:58 ET (05:58 GMT)
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