#2 - Aurora innovation (NASDAQ:AUR)
Aurora Innovation Inc. (NASDAQ: AUR) is a leader in the autonomous driving space. Initially, the company is developing autonomous driving solutions for the trucking market using its Aurora Driver solution. The company plans to launch Aurora Driver in the fourth quarter of 2024.
In its Investor Day presentation in March, the company projected profitability sometime in 2026. This forecast is due in part to a strategic partnership with Volvo Autonomous Solutions.
Shares of Aurora Innovation have been on a wild ride in the last 12 months. In that time, the stock has been up 92.9%. However, it’s down 37.3% in 2024. Analysts are forecasting an approximate 39.9% increase in the AUR stock price.
Investors should be careful here as it appears the golden crossover may have been part of the meme stock interest that resurfaced in May. Short interest in AUR stock has shot 12% higher in the last month, which could have fueled the recent price movement. Nevertheless, as a long-term investment in autonomous driving, Aurora Innovation may be one to watch.
About Aurora Innovation
Aurora Innovation, Inc operates as a self-driving technology company in the United States. It focuses on developing Aurora Driver, a platform that brings a suite of self-driving hardware, software, and data services together to adapt and interoperate vehicles. The company was founded in 2017 and is headquartered in Pittsburgh, Pennsylvania.
- Current Price
- $5.71
- Consensus Rating
- Hold
- Ratings Breakdown
- 1 Buy Ratings, 2 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $4.63 (19.0% Downside)
