Pony AI stock jumps nearly 11% on CLSA call — what to know before Monday’s open
NEW YORK, January 4, 2026, 10:20 ET — Market closed Pony AI Inc shares surged 10.7% on Friday to close at $16.07, after brokerage CLSA initiated coverage with an “outperform” rating and a $22 price target. Briefing The move matters because new sell-side coverage can widen the shareholder base for a relatively young listing, especially in volatile growth names tied to autonomous driving. Briefing It also lands as investors reset positioning for 2026 after Pony.ai expanded its capital markets footprint with a Hong Kong listing late last year, alongside its Nasdaq-traded ADRs. Reuters CLSA’s $22 “price target” — an analyst’s