Canaccord Genuity Maintained a Buy Rating on Aurora Innovation (AUR)

Aurora Innovation, Inc. (NASDAQ:AUR) is one of the 110 Best Growth Stocks to Buy With Huge Upside Potential. On May 15, George Gianarikas from Canaccord Genuity maintained a Buy rating on Aurora Innovation, Inc. (NASDAQ:AUR) with a price target of $15.

The analyst highlighted Aurora Innovation, Inc. (NASDAQ:AUR)’s advanced approach to Level 4 autonomy through its hybrid system called the Aurora Driver. The system integrates AI, machine learning, and a sophisticated sensor suite. Gianarikas noted that the system is supported by over 1,450 issued and pending patents, showcasing strong intellectual property and innovation.

Canaccord Genuity Maintained a Buy Rating on Aurora Innovation (AUR)

A closeup of a self-driving hardware unit inside the dashboard of a passenger vehicle.

The analyst also likes the company’s leadership, which includes co-founder Sterling Anderson, who has a notable background from Tesla’s Autopilot program and MIT robotics. Gianarikas sees this as a significant asset that enhances his confidence in Aurora Innovation, Inc. (NASDAQ:AUR)’s strategic direction.

Aurora Innovation, Inc. (NASDAQ:AUR) develops the Aurora Driver, an advanced self-driving technology platform that can be integrated into various vehicle types, including passenger cars, light commercial vehicles, and Class 8 trucks.

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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Disclosure: None. This article is originally published at Insider Monkey.