Goldman Sachs expects a 43% rise for this little-known company

Goldman Sachs expects a 43% rise for the shares of the Chinese robotic taxi company Pony AI.

Goldman Sachs said in a recent note to clients that Pony AI is the leading company in the field of level 4 autonomous transportation in China in terms of its fleet size.

Goldman expressed its optimism about Pony AI’s shares as its robotic taxi operations expand in all Chinese cities.

Goldman Sachs initiated coverage of the shares of the self-driving company Pony AI on Monday, giving it a buy rating and setting a price target of $19.60.

The company’s analysis highlights its position as a leader in the field of level 4 autonomous transportation, noting its large fleet size and its operation of robotic taxi and automated truck services throughout China.