10 Best IT Stocks to Buy According to Analysts

3. Aurora Innovation Inc. (NASDAQ:AUR)

Number of Hedge Fund Holders: 33

Average Upside Potential as of June 27: 132.11%

Aurora Innovation Inc. (NASDAQ:AUR) is one of the best IT stocks to buy according to analysts. Just as May started, Aurora Innovation successfully launched its commercial self-driving trucking service in Texas, which marked a new era of freight transportation. Following the closure of its safety case, Aurora began regular driverless customer deliveries between Dallas and Houston that week and completed over 1,200 miles without a driver.

This milestone positions Aurora as the first company to operate a commercial self-driving service with heavy-duty Class 8 trucks on public roads in the US. The company plans to expand its driverless service to El Paso, Texas, and Phoenix, Arizona, by the end of this year. This deployment addresses challenges in the US trucking industry. Autonomous trucking offers a solution by providing safe, reliable capacity without impacting jobs.

Aurora’s initial launch customers for this commercial service are Uber Freight. This is an enterprise technology company in logistics. The other one is Hirschbach Motor Lines, which is a veteran-owned carrier that specializes in time and temperature-sensitive freight.

Aurora Innovation Inc. (NASDAQ:AUR) is a self-driving technology company in the US.