Skip to navigationSkip to main contentSkip to right columnAbdul RahmanFri, June 26, 2026 at 10:29 PM GMT+2 2 min readPony AI Inc (NASDAQ:PONY) is one of the best AI stocks under $10 to buy now. The Street projects 150% upside for the stock from the current price. Some 23 hedge funds are backing Pony AI stock.BofA Securities Recommends Pony AI Inc (PONY) Stock. Here’s the ReasonOn June 11, BofA Securities reaffirmed a Buy rating on Pony AI Inc (NASDAQ:PONY) stock with a price target of $19. The brokerage cited the strength of the company's autonomous driving system and the expansion of the robotaxi service.On the technology capability, BofA Securities noted that Pony has built a system that enables self-driving vehicles to operate in very challenging conditions, including heavy vehicle flow, crowded pedestrian traffic, and dense office buildings.Regarding the robotaxi service, BofA Securities expects Pony to see improving profitability from economies of scale as the fleet expands. Pony aims to expand its robotaxi fleet to 3,500 vehicles by the end of 2026 and launch the service in more than 20 cities around the world. In its international expansion drive, Pony has launched the robotaxi service in Croatia and is running trials in Singapore, South Korea, and the UAE.In Q1 2026, Pony's robotaxi revenue increased 395.4% year-over-year to $8.6 million. The robotruck services revenue rose 31% to $10.2 million.Pony AI Inc (NASDAQ:PONY) develops AI-powered software for autonomous vehicles. It focuses on offering safe and reliable autonomous driving systems. Its technology is designed to enable vehicles to navigate complex urban environments without human intervention. The company also runs a robotaxi business.While we acknowledge the potential of PONY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.READ NEXT: 10 Most Promising Healthcare Stocks According to Wall Street Analysts and 15 High-Growth Large-Cap Stocks to Invest In Now.Disclosure: None. Follow Insider Monkey on Google News.Terms and Privacy PolicyEU DSA contactPrivacy & Cookie SettingsMore Info