US Stock Market Move | Pony.ai (PONY.US) rose by 7%, Citigroup sees good prospects for the company's future

On Monday, the stock price of Pony.ai (PONY.US) rose, with the stock up more than 6.8% to $21.68 at the time of writing. On the news side, Citigroup analyst Jeff Chung initiated coverage of the company's stock at the end of September and gave it a "buy" rating with a target price of $29. Citigroup pointed out in their report that the Robotaxi industry is at a key turning point, with huge potential for market growth. Analysts stated that with China's continuous policy support in the field of autonomous driving and smart transportation, the commercialization of Robotaxis is accelerating, and Pony.ai, as one of the leading companies in the industry, is expected to stand out in the competition. Citigroup has a positive outlook on the overall Robotaxi market in China and believes that Pony.ai, with its technological advantages and policy dividends, has the potential to be a long-term investment target.