Citi analyst Jeff Chung initiated coverage of Pony AI (PONY) with a Buy rating and $29 price target The firm believes the robotaxi sector is at an “inflection point.” Citi is positive on the robotaxi market in China, expecting the penetration to grow from 0.1% in 2025 to 9.0% in 2030 and 30% in 2035. The firm rolled out coverage of China’s largest robotaxi operators, Pony AI and WeRide, with Buys.
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