Evercore ISI Maintains a Hold Rating on Aurora Innovation (AUR), Sets an $8 PT

Aurora Innovation, Inc. (NASDAQ:AUR) is one of the most promising future stocks according to Wall Street analysts. On August 3, Evercore ISI analyst Chris McNally maintained a Hold rating on Aurora Innovation, Inc. (NASDAQ:AUR) and set a price target of $8.00.

The rating update came after Aurora Innovation, Inc. (NASDAQ:AUR) announced a notable expansion of its commercial operations on July 30, exceeding driverless miles at the end of June, beginning driverless commercial operations at night, recently expanding its driverless fleet to three trucks, and opening its Phoenix terminal.

Aurora Innovation, Inc. (NASDAQ:AUR) announced that it expanded its driverless operations on the Dallas-to-Houston lane, including nighttime driving in its operations.

The initiative marks more than a doubling in the company’s truck utilization potential, considerably reducing delivery times for long-haul routes and paving the way for profitability for autonomous trucking.

Aurora Innovation, Inc. (NASDAQ:AUR) 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.

While we acknowledge the potential of AUR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.