Evercore ISI Maintains a Hold Rating on Aurora Innovation (AUR)

​Aurora Innovation, Inc. (NASDAQ:AUR) is one of the Best 52-Week Low Mid Cap Stocks to Buy Now. On October 12, Chris McNally from Evercore ISI maintained a Hold rating on Aurora Innovation, Inc. (NASDAQ:AUR) with a price target of $8.

​Earlier on September 30, the company presented its strategic vision at the Evercore ISI’s Autonomous, ADAS & AI Forum. During the event, CFO David Maday outlined several milestones and future plans. The company surpassed 50,000 driverless miles between Dallas and Houston. In addition, the company maintains $1.3 billion in liquidity, which, as per the management, gives the company runway till Q2 2027..

​Management noted that they aim for a $2 billion to $3 billion revenue target by 2028. They also highlighted their plan to transition the company to a driver-as-a-service model by 2027 using a phased approach.

​Aurora Innovation, Inc. (NASDAQ:AUR) develops a self-driving platform that works across various vehicle types. The company also offers driverless trucking through the same platform.

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.