Summary:
- Aurora Innovation (AUR, Financial) launches its first driverless truck in Texas, addressing driver shortages and cutting logistics costs.
- Wall Street analysts foresee a significant upside in Aurora's stock price with an average target of $9.63.
- The company holds an "Outperform" rating amid an innovative expansion strategy to scale by 2025.
Aurora Innovation (AUR) is on track to revolutionize the logistics industry with its inaugural launch of a fully autonomous truck, devoid of a safety driver, on a vital freight route in Texas. This initiative stands as a monumental leap forward in combating ongoing driver shortages while slashing logistics expenses. The company is ambitiously aiming to expand its autonomous vehicle fleet by 2025.
Wall Street Analysts' Forecasts
According to one-year price targets presented by 8 seasoned analysts, Aurora Innovation Inc (AUR, Financial) is predicted to reach an average target price of $9.63. Estimates suggest a potential high of $15.00 and a low of $6.00. This average prediction indicates a compelling upside potential of 49.22% from its current trading value of $6.45. For a comprehensive view of these estimates, explore the Aurora Innovation Inc (AUR) Forecast page.
Drawing from the consensus recommendation of 9 brokerage firms, Aurora Innovation Inc (AUR, Financial) currently holds an average brokerage recommendation of 2.3, which translates to an "Outperform" rating. The established rating scale ranges from 1, indicative of a Strong Buy, to 5, representing a Sell.
