CITIC Securities Sets HK$132 Price Target for Pony AI-W, Reaffirms "Buy" Rating

Stock News09-22 14:40

CITIC Securities has released a research report assigning a target price of HK$132 for Pony AI-W (02026) and a US$17 target for its US-listed shares (PONY.US), while maintaining a "Buy" rating on the stock. The brokerage has also held steady its revenue projections for the company at US$145 million for 2026, US$294 million for 2027, and US$702 million for 2028.

On September 10, the company announced via its official WeChat account that it has officially commenced fully driverless Robotaxi passenger-carrying tests on public roads in Zagreb, the capital of Croatia. This milestone signals tangible progress in Pony AI's push toward full driverless commercial operations in overseas markets.

The company's Robotaxi business is experiencing robust revenue growth, driven by the continued rollout of its co-built fleet commercialization model. To date, Pony AI has secured deployment plans for more than 4,000 Robotaxi vehicles in international markets.

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