Aurora Innovation, Inc. (NASDAQ:AUR) is one of the 10 Best Stocks to Buy Under $10.
On June 4, Craig-Hallum initiated coverage on Aurora Innovation, Inc. (NASDAQ:AUR), giving the stock a Buy rating and setting the price target at $18 for the stock
The research firm pointed to the company’s position as a leader in physical AI technology, with a focus on autonomous long-haul trucking through its Aurora Driver product. Craig-Hallum noted Aurora Innovation, Inc.’s (NASDAQ:AUR) significant investments in research and development and its team of industry pioneers as key factors behind what the research firm sees as the most commercially advanced on-highway trucking product available in the market right now. The research firm said that it also sees potential for Aurora Innovation, Inc.’s (NASDAQ:AUR) valuation to exceed $100 billion.
The company currently has a market capitalization of around $12 billion. Aurora Innovation, Inc. (NASDAQ:AUR) is a self-driving technology company. The Aurora Driver is a self-driving system that can operate various types of vehicles, including freight-hauling trucks and ride-hailing passenger vehicles.