Canaccord Reiterates Buy on Aurora (AUR) Backed by Progress in Driverless Freight Strategy

Aurora Innovation Inc. (NASDAQ:AUR) is one of the best stocks for day trading. The company’s stock currently trades near the bottom of its 52-week range, between $4.20 and $10.80. With a beta of 2.5 and daily volatility, measured by the average high/low range, of 5.2%, the stock presents meaningful intraday trading opportunities.

On the fundamental side, on September 3, Canaccord Genuity’s George Gianarikas reiterated a Buy rating on the company with a $15 price target. The rating is a continuation of the analyst’s bullish view and comes after the insights shared by the company at Canaccord’s 45th Annual Growth Conference on August 13.

At the event, Aurora Innovation Inc. (NASDAQ:AUR) outlined its strategy for leadership in autonomous trucking, emphasizing operational progress, financial stability, and partnerships with industry leaders. Aurora is already running driverless trucks on public roads and has logged more than 20,000 miles since April.

Its partner ecosystem, which includes Uber Freight, Hirschbach, Volvo, FedEx, Warner, and Schneider, is central to Aurora’s plan to launch a driver-as-a-service model by 2027, with pricing targeted at 65–85 cents per mile. A second-generation hardware platform, engineered for a million-mile usage, is expected in early 2026.

The company ended Q2 with $1.3 billion in cash, providing a runway into mid-2027, while Continental is investing more than $300 million in engineering to support development. With expansion into the Sunbelt region planned for 2026 and a growing fleet underpinned by Volvo’s truck platform, Aurora Innovation Inc. (NASDAQ:AUR) is positioning itself to scale operations meaningfully.

Aurora Innovation Inc. (NASDAQ:AUR) is a self-driving technology company specializing in autonomous freight and logistics. Its flagship platform, the Aurora Driver, powers driverless trucks already operating on public roads.

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.