12 Best American Penny Stocks to Buy Right Now

Page 11 of 11

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

Share Price: $4.23

Number of Hedge Fund Holders: 41

Aurora Innovation, Inc. (NASDAQ:AUR) is one of the best American penny stocks to buy right now. On October 29, Needham reaffirmed its Buy rating on Aurora Innovation, Inc. (NASDAQ:AUR) with a $13 price target.

This update from Needham is because of several positive signs about the company’s future.

Aurora Innovation, Inc. (NASDAQ:AUR) has outlined a clear plan for its goals in 2026 and 2027, focusing especially on autonomous operations. The company has updated its timeline for driverless autonomous operations, which positions it to meet the demand from the logistics market.

Additionally, Aurora Innovation, Inc. (NASDAQ:AUR) is making impressive progress by reaching important milestones, which includes surpassing 100,000 driverless miles on public roads. The company plans to deploy hundreds of driverless trucks with its next-generation Aurora Driver hardware in 2026.

The company is focused on expansion, adding a new driverless route from Fort Worth to El Paso. Aurora Innovation, Inc. (NASDAQ:AUR) is also making efforts to validate driverless operations in rain and heavy wind, which the company aims to include in its software release planned for January 2026.

On October 29, Oppenheimer analyst Colin Rusch also kept a Buy rating on Aurora Innovation, Inc. (NASDAQ:AUR) with a price target of $15.

Aurora Innovation, Inc. (NASDAQ:AUR) is a self-driving technology company. The Aurora Driver is a self-driving system that can operate various types of vehicles, including freight-hauling trucks and ride-hailing passenger vehicles.

While we acknowledge the potential of AUR as an investment, 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 a 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 Stocks Under $20 to Buy According to Analysts and 12 Best Performing Stocks in the Last 3 Months.

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

Page 11 of 11