Pony AI Inc. (NASDAQ:PONY) stock rose on Wednesday as the company launched Europe’s first commercial robotaxi service in Zagreb, Croatia.

Details

This significant milestone is part of Pony AI’s strategy to expand its autonomous vehicle operations, as it continues to grow its fleet and market presence.

Pony AI’s robotaxi program, in partnership with Verne and Uber Technologies, Inc. (NYSE:UBER), officially began commercial service in Zagreb. This marks Pony’s key expansion into the European market.

The company aims to grow its fleet to 3,000 vehicles by the end of the year, following recent milestones in China that validate its business model.

Dr. James Peng, Founder and CEO of Pony AI said, “As we advance our dual-engine growth strategy, Zagreb represents both our first commercial robotaxi service in Europe and a meaningful validation of our Gen-7 robotaxi capabilities in a new market.”

PONY at $9.48; RSI 29.47 Oversold

The broader market saw gains on Tuesday, with the Technology sector rising 4.21%. Pony AI’s rise comes as the broader sector moved higher, indicating a favorable environment for tech stocks.

At $9.48, the stock is trading 10.1% below its 20-day simple moving average (SMA) of $10.57, suggesting a bearish short-term trend. It is also 24.6% below its 50-day SMA of $12.60, indicating continued weakness in the intermediate trend.

The relative strength index (RSI) is at 29.47, which is in oversold territory, suggesting that the stock may be undervalued and could see a rebound if buying interest increases.

  • Key Resistance: $10.50 — A level where selling pressure has historically emerged.
  • Key Support: $8.00 — A critical level that could indicate a reversal if tested.

Recent Earnings

Last month, Pony AI reported fourth-quarter revenue of $29.1 million, down 18% year-over-year due to timing in licensing and applications revenue. Street analysts expected a quarterly revenue of $23.94 million.

Adjusted EPS loss of 12 cents per share, down from 23 cents loss in the prior year’s quarter. The Street had projected an EPS of 22 cents.

Analyst Consensus & Recent Actions: The stock carries a Buy Rating with an average price target of $21.17. Recent analyst moves include:

  • HSBC: Initiated with Buy (Target $16.60) (March 31)
  • Barclays: Equal-Weight (Lowers Target to $10.00) (March 30)
  • Barclays: Initiated with Equal-Weight (Target $15.00) (Dec. 17, 2025)

Benzinga Edge: PONY Momentum Score 83/100

Below is the Benzinga Edge scorecard for Pony AI, highlighting its strengths and weaknesses compared to the broader market:

  • Momentum: Bullish (Score: 83/100) — Stock is outperforming the broader market.

The Verdict: Pony AI’s Benzinga Edge signal reveals a momentum-driven story, suggesting strong performance relative to market peers. This positive momentum could attract further investor interest as the company expands its operations.

PONY ETF Weights: CABZ 4.36%, HAIL 2.34%

  • SPDR S&P Kensho Smart Mobility ETF (NYSE:HAIL): 2.34% Weight
  • Roundhill Robotaxi, Autonomous Vehicles & Technology ETF (NASDAQ:CABZ): 4.36% Weight

Significance: Because PONY carries significant weight in these funds, any significant inflows or outflows for these ETFs will likely force automatic buying or selling of the stock.

PONY Price Action: Pony AI shares were up 8.26% at $9.50 at the time of publication on Wednesday, according to Benzinga Pro data.

Image by Samuel Boivin via Shutterstock