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News  ›  Benzinga

This Tesla Rival Is Starting To Fizzle Out Despite Bullish Analyst Consensus: Momentum Score Drops

Benzinga Logo Benzinga By Vishaal Sanjay
This Tesla Rival Is Starting To Fizzle Out Despite Bullish Analyst Consensus: Momentum Score Drops

Pony AI's momentum score has dropped significantly from 80.69 to 43.89 in a week due to choppy performance, despite bullish analyst consensus. The stock rallied 10.83% on Friday following CLSA's initiation of coverage with an 'Outperform' rating and $22 price target, implying 36% upside. The company competes with Tesla and Alphabet in autonomous vehicle technology.

Insights
PONY   neutral

Mixed signals: momentum score dropped significantly despite bullish analyst consensus and a recent 10.83% rally. Stock shows weakness in recent weeks with no major catalyst, but analyst initiation with 36% upside target and consensus price target of $22.36 suggest underlying confidence.