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. develops a self-driving platform that works across various vehicle types. The company also offers driverless trucking through the same platform.
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This article is originally published at Insider Monkey.