5 Best Long-Term Penny Stocks to Buy According to Wall Street Analysts

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

Number of Hedge Fund Holders: 40

Analyst Upside Potential: 184.36%

Aurora Innovation, Inc. (NASDAQ:AUR) is one of the Best Long-Term Penny Stocks to Buy According to Wall Street Analysts. On March 12, Aurora Innovation, Inc. (NASDAQ:AUR) presented at the 2nd Annual CG Virtual Sustainability Summit, where the company highlighted its focus on autonomous trucking.

​Management emphasized that they are prioritizing the autonomous trucking industry over ride-hailing due to the $1 trillion market opportunity it presents. For context, the ride-hailing industry sits at $60 to $70 billion. Management noted that the company’s trucks are achieving 15% fuel efficiency gain, and drivers earn roughly three times more than gig workers, underscoring the cost-saving potential of replacing human labor.

​To shift its focus, Aurora Innovation, Inc. (NASDAQ:AUR) has partnered with PACCAR and Volvo, which together control around 50% of the market. Management noted that this positions Aurora to capture a significant share in a sector ripe for disruption through automation.

​In terms of operations, the company has begun lineside installation of its Driver kit on Volvo’s pre-production line and is building a second fleet using International stock trucks, with partner Roush producing 20 units weekly. Management highlighted that they target a 50 billion vehicle miles traveled serviceable addressable market (SAM) by early 2028.

​Aurora Innovation (NASDAQ:AUR) is a self-driving technology company. It develops and operates Aurora Driver, which is an integrated self-driving platform for freight trucks and commercial vehicles. This platform combines several self-driving hardware, software, and data solutions to operate different types of vehicles.

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 the cheapest AI stock.

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