0418 GMT - Pony AI is well-positioned to benefit from the robotaxi industry's move into a network-effect-driven, platform-like business, HSBC Global Research analysts write in a note. The company's technology, competitive cost structure, extensive operational experience and longstanding engagement with regulators will support the company's growth, they say. Near-term catalysts for the stock include improving unit economics, potential Hong Kong Stock Connect inclusion in early June and broader regulatory support, especially in Tier-1 cities, they say. HSBC Global Research initiates coverage with a buy rating and a target price of $16.60. The ADRs last closed at $9.44.(jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
April 01, 2026 00:18 ET (04:18 GMT)
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