3 brokers have issued 1-year price targets for Aurora Innovation’s stock. On average, they predict the company’s stock price to reach $5.50 in the next year. This suggests a possible upside of 65.7% from the stock’s current price. View analysts price targets for AUR or view top-rated stocks among Wall Street analysts.
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Aurora Innovation Board Member Sold $1.46M In Company Stock
Together, they steer the company toward its vision of transforming transportation through autonomous driving technology. While Aurora Innovation, Inc. holds promise in the autonomous driving industry, it also faces several risks and challenges that investors and stakeholders should be aware of. One significant challenge is the complex regulatory landscape surrounding autonomous driving. As self-driving technology advances, governments and regulatory bodies grapple with establishing guidelines and safety standards. Adhering to evolving regulations and ensuring compliance is crucial for Aurora’s success.
Market acceptance and public perception of autonomous vehicles are also important considerations. The widespread adoption of self-driving technology relies on building consumer trust and confidence. Addressing safety, cybersecurity, and privacy concerns is vital for the long-term success of autonomous driving companies like Aurora. According to the issued ratings of 3 analysts in the last year, the consensus rating for Aurora Innovation stock is Moderate Buy based on the current 1 hold rating and 2 buy ratings for AUR.
With total assets that eclipse total liabilities, the company appears to have a solid asset base relative to its liabilities. However, a more comprehensive understanding of the company’s debt position would require a breakdown of the liabilities, including any long-term debt or short-term obligations. Monitoring the company’s financial statements and regulatory filings can provide a clearer picture of Aurora’s overall debt levels and ability to manage its financial obligations effectively. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. The company’s history traces back to the co-founders’ backgrounds in prominent technology and automotive companies. Their combined expertise and experience have been instrumental in driving the company’s growth and technological advancements.
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As of August 31st, there was short interest totaling 47,510,000 shares, an increase of 10.3% from the August 15th total of 43,080,000 shares. Based on an average daily volume of 8,970,000 shares, the short-interest ratio is currently 5.3 days. To gain a comprehensive understanding of Aurora Innovation, Inc., it is essential to analyze the broader industry in which the company operates. The autonomous driving industry has witnessed significant growth and disruption in recent years, driven by technological advancements and changing consumer preferences. Aurora Innovation, Inc. specializes in developing the Aurora Driver, an advanced computer system enabling autonomous driving.
Aurora Expands Commercial Operations Through Partnership with Hirschbach, Refrigerated Trucking Leader
The Aurora Driver combines state-of-the-art sensors, software, and hardware to transform conventional cars into self-driving vehicles. By leveraging cutting-edge technologies, Aurora aims to enhance road safety, efficiency, and convenience, ultimately revolutionizing transportation. Aurora Innovation, Inc. engages in the design and development of automobile hardware, software, and provision of data services. It primarily offers Aurora Driver which allows a vehicle to drive itself. The company was founded by Chris Urmson, Sterling Anderson and Drew Bagnell in 2017 and is headquartered in Pittsburgh, PA.
Analyzing the competitive positioning of Aurora and its advantages or disadvantages relative to its peers is crucial in assessing the company’s growth potential. Aurora’s target market encompasses a broad range of industries and applications. The company focuses on developing autonomous driving technology for passenger, commercial, taxi, and ride-hailing services. By catering to diverse market segments, Aurora aims to bring the benefits of autonomous driving to individuals, businesses, and various transportation services. Aurora Innovation, Inc. is a self-driving vehicle technology company that operates in the rapidly evolving autonomous driving industry. Founded in 2017, the company has quickly established itself as a key player in developing and integrating autonomous driving systems into vehicles.
Thinking about buying stock in Aurora Innovation, SoundHound AI, BigBear.ai, Workhorse Group, or FuelCell Energy?
The consensus rating score for Aurora Innovation is 2.67 while the average consensus rating score for business services companies is 2.58. Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update. These 4 analysts have an average price target of $4.75 versus the current price of Aurora Innovation at $3.3, implying upside. Amid economic uncertainty, tight capital markets, wary investors and consolidation in the nascent autonomous vehicle industry, Aurora Innovation is still motoring on towards its target of commercializ…
Before founding Aurora, he served as the chief technology officer of Google/Alphabet Inc.’s self-driving team, where he played a key role in advancing autonomous vehicle technology. With his deep understanding of the industry and visionary leadership, Urmson guides Aurora’s strategic direction and oversees the company’s operations. The management team at Aurora Innovation, Inc. is characterized by their diverse backgrounds, deep industry knowledge, and strong leadership skills.
Investor confidence coincidentally clashes with an executive’s stock sales at autonomous trucking developer. The post Buying and selling in autonomous trucking developer Aurora Innovation appeared… AUR’s beta can be found in Trading Information at the top of this page. A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.
The technique has proven to be very useful for finding positive surprises. As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank.
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3 Wall Street equities research analysts have issued “buy,” “hold,” and “sell” ratings for Aurora Innovation in the last twelve months. The consensus among Wall Street equities research analysts is that investors should “moderate buy” AUR shares. Aurora operates within a highly competitive industry, with several prominent players vying for market share.
Recent metrics reveal a decrease in revenue, reflecting the company’s challenges. Similarly, net income showed a significant decrease indicating losses incurred during the same time period. These financial indicators highlight the need to carefully examine the company’s financial health and the factors impacting its performance. It is essential to analyze long-term trends and industry benchmarks to understand Aurora’s financial position comprehensively. The company’s revenue metrics over the past few years can provide insights into its growth trajectory and market performance.
AUR’s historical performance
against its industry peers and the overall market. Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. Banking services and bank accounts are offered by Jiko Bank, a division of Mid-Central National Bank, Member FDIC.
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As autonomous driving technology continues to evolve, numerous growth opportunities emerge for the company to capitalize on. One significant growth opportunity lies in developing and integrating autonomous driving technology into passenger vehicles. The shift toward self-driving cars presents new possibilities for enhanced safety, increased convenience, and improved mobility. Aurora’s autonomous driving expertise positions the company as a key player in this transformative shift.
Use these ten stocks to generate a safe and reliable source of investment income. Technological challenges and advancements in the industry pose another risk. Competitors may develop superior technology or breakthrough innovations that could disrupt the market. Maintaining a competitive edge through continuous innovation and research and development efforts is crucial for Aurora to stay at the forefront of the industry.
German automotive parts company Continental AG and U.S.-based self-driving technology firm Aurora Innovation said on Thursday they would jointly design and develop autonomous systems for the trucking … You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular https://1investing.in/ security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. According to analysts, Aurora Innovation’s stock has a predicted upside of 90.97% based on their 12-month price targets. Analysts like Aurora Innovation more than other Business Services companies.
- Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks.
- The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
- Aurora Innovation Inc. said Wednesday it is collaborating with trucker Werner Enterprises Inc. to test and deploy Aurora’s autonomous trucks on an active highway in Texas.
- Regulation changes can impact the timeline for the widespread adoption of autonomous driving technology.
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