Why Pony.ai Stock Is Skyrocketing Today
Shares of Pony.ai (NASDAQ: PONY) are flying higher on Monday. The company's stock rose 40.2% as of 12:16 p.m. ET today. The move comes as the S 500 lost 0.8% and the Nasdaq Composite lost 1.3%.
The company, which develops self-driving technologies, announced a new partnership with Tencent Holdings, a large Chinese tech company headquartered in Shenzhen. Pony.ai will integrate its autonomous robotaxi services into Tencent's Weixin Mobility Services platform and Tencent Maps.
Source Fool.com
Tencent Holdings Ltd. Stock
€56.35
1.250%
Based on 3 Buy predictions and 2 Sell predictions the sentiment towards Tencent Holdings Ltd. is rather balanced.
On the other hand, the target price of 45 € is below the current price of 56.35 € for Tencent Holdings Ltd., so the potential is actually -20.14%.
