#6 - Aurora Innovation (NASDAQ:AUR)
Aurora Innovation Inc. (NASDAQ: AUR) is a niche player operating in the autonomous trucking industry. The company’s lead solution is Aurora Driver, which combines a computer, a suite of sensors (e.g. radar, LiDAR, and cameras), and a software automation stack.
Aurora Innovation is pre-revenue but getting ready to begin commercial operations in 2025 with 10 driverless trucks in Texas. If that goes well, the company will add new lanes and additional product capabilities and capacity by the end of the year.
AUR stock is over 48% in 2024 and is up a whopping 167.3% in the 12 months ending December 2, 2024. But is this as good as it gets for investors? The company conducted a cash raise earlier in 2024, and there’s a strong likelihood that even more cash will need to be raised before it is on a viable path.
Analysts view the stock as overvalued with a price target that forecasts over 23% downside. However, McKinsey believes the global autonomous trucking market could be valued at over $600 billion by 2035. Therefore, if you’re looking at AUR as anything outside of a trade, you’ll need to have a long-term focus and scale into your position accordingly.
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
- $8.06
- Consensus Rating
- Hold
- Ratings Breakdown
- 2 Buy Ratings, 3 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $6.30 (21.8% Downside)
