10 Best Debt-Free Penny Stocks to Buy Right Now

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1. Aurora Innovation, Inc. (NASDAQ:AUR)

Stock upside potential: 125.36%

Number of Hedge Fund Holders: 39

Aurora Innovation Inc. (NASDAQ:AUR) is one of the best debt-free penny stocks to buy right now. On January 6, Aurora Innovation Inc. (NASDAQ:AUR) jumped by more than 8% after Amazon expanded its strategic partnership with Aumovio. The partnership paves the way for the integration of artificial intelligence capabilities at scale on Aurora’s driverless trucks.

The integration opens the door for mass production of Aurora driverless trucks in the race to accelerate the development of safer, smart self-driving cars. It marks a significant milestone barely a year after Aurora became the first company to operate driverless heavy-duty trucks on US public roads.

The company has already launched its service in Texas as part of its freight-focused autonomous vehicle strategy. Amazon and Aumovio have also joined forces to create scalable solutions that help autonomous vehicle developers make sense of the massive amounts of driving data.

Meanwhile, on December 9, Cannaccord Genuity analyst George Gianarikas reiterated a Buy rating on Aurora Innovation and set a $15 price target. TD Cowen, on the other hand, reiterated a Hold rating and a $5.50 price target.

Aurora Innovation, Inc. (NASDAQ:AUR) develops the Aurora Driver, a self-driving technology platform (hardware, software, data) for various vehicles, focusing on autonomous trucks for logistics and ride-hailing passenger vehicles, aiming to make transportation safer, more accessible, and efficient.

While we acknowledge the potential of AUR to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AUR and that has 100x upside potential, check out our report about this cheapest AI stock.

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