{
  "id": 1753673,
  "title": "BofA cuts Pony AI stock price target on valuation to $17",
  "url": "https://urgent.news/2026/08/18/bofa-cuts-pony-ai-stock-price-target-on-valuation-to-17",
  "topic": "ai",
  "section": "AI",
  "published": "2026-08-18T16:40:57.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/analyst-ratings/bofa-cuts-pony-ai-stock-price-target-on-valuation-to-17-93CH-4865783"
  },
  "original_language": "en",
  "account": "BofA Securities revised its price target on Pony AI Inc. shares, reducing it from $19 to $17 while maintaining a Buy rating. The autonomous vehicle company disclosed solid second-quarter 2026 results, with revenue increasing 69% year-over-year and 6% quarter-over-quarter to $36.2 million. The surge in revenue was primarily driven by a 691% year-over-year growth in Robotaxi services and an 849% increase in fare-charging revenue. Pony AI's annual revenue now totals $110.27 million, with a market capitalization of $3.47 billion. The company's Robotruck revenue grew by 40% year-over-year. Gross profit margin for the second quarter reached 17.5%, surpassing BofA Securities' expectations due to higher Robotaxi service contributions. Research and development expenses totaled $56 million for the quarter, up 15% year-over-year. Despite the losses, the stock remains undervalued according to InvestingPro's Fair Value analysis.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}