Aurora Innovation, Inc. (NASDAQ:AUR) is one of the best stocks under $5 with highest upside potential. Needham analyst Chris Pierce maintained a Buy rating on Aurora Innovation, Inc. (NASDAQ:AUR) on October 29, setting a price target of $13.
The analyst based the positive rating on the company’s promising future, stating that Aurora Innovation, Inc. delineated a clear pathway for the attainment of its 2026 and 2027 goals. The company has a special focus on autonomous operations, and has bolstered its position by providing an updated timeline for driver-out autonomous operations.
While some concerns exist regarding reliance on third-party OEM trucks, the analyst believes that the company is working towards meeting the demand of the logistics industry and accumulating real-world miles. It is also making notable progress by meeting milestones according to planned timelines, including advancing lane expansion to El Paso.
Aurora Innovation, Inc. designs and develops automobile software and hardware, and provides data services. The company also offers the Aurora Driver, an innovative self-driving freight technology that allows a vehicle to drive itself.
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This article is originally published at Insider Monkey.
