Aurora Innovation Receives Series of Buy Ratings as Analysts Back Autonomous Freight Vision

Aurora Innovation, Inc. (NASDAQ:AUR) is one of the best-performing midcap tech stocks in the last 3 years. On October 6, Ravi Shanker from Morgan Stanley reiterated a Buy rating on the shares with a price target of $12.

Earlier in September, on September 15 to be precise, Cantor Fitzgerald’s analyst Andres Sheppard also reiterated a Buy rating on the stock with the same price target.

On September 2, Canaccord Genuity analyst George Gianarikas held a Buy rating for Aurora too, but was more optimistic with a price target of $15, which implies an upside of 191% from current levels.

Aurora Innovation, Inc. (NASDAQ:AUR), based in Pittsburgh, Pennsylvania, develops autonomous driving systems for long-haul trucking and freight logistics. The company designs, tests, and deploys its proprietary Aurora Driver platform, which integrates hardware, software, and machine learning to enable fully driverless operations.

While we acknowledge the potential of AURA 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 AURA and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None.