Pony AI Inc. (NASDAQ:PONY) is one of the Best Autonomous Vehicle Stocks to Buy Now. Wall Street has a strong buy on the stock, with 94% of 18 analysts giving the stock a buy rating. Analysts’ 12-month price target reflects more than 54% upside from current levels. Recently, on January 15, Citi’s Jeff Chung reiterated a buy rating on Pony AI Inc. (NASDAQ:PONY) with a price target of $15.3.

That said, on January 10, the company announced the expansion of its partnership with BAIC BJEV. Management noted that the collaboration focuses on the joint development of Robotaxi, ecosystem integration and global expansion to drive the commercialization and growth of autonomous mobility.

​Together, both companies have produced over 600 ARCFOX Alpha T5 Robotaxis using Pony.ai’s Gen-7 platform. Management noted that with the expanded partnership, the companies plan to mass produce next-generation Robotaxi models with cutting-edge vehicle designs and in-cabin technology to enhance the driver experience. Additionally, Pony AI Inc. (NASDAQ:PONY) also aims to create a complete Robotaxi value chain through upstream and downstream capabilities.

Pony AI Inc. (NASDAQ:PONY), through its subsidiaries, is engaged in the autonomous mobility business in the People’s Republic of China, the US and internationally. The company develops a proprietary virtual controller that uses a unified AI software stack.

While we recognize PONY’s potential as an investment, we believe certain AI stocks offer greater upside potential and less downside risk. If you’re looking for an extremely undervalued AI stock that will also benefit significantly from Trump-era tariffs and the onshoring trend, check out our free report on the best short term AI stock.

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Disclosure: no. This article is originally published in Monkey Insider.