Will Analyst Conviction on Aurora Innovation (AUR) Pay Off Despite Stock Declines

Aurora Innovation Inc. (NASDAQ:AUR) is one of the best low-priced technology stocks to buy right now. Andres Sheppard, an analyst at Cantor Fitzgerald, has been bullish on Aurora since initiating coverage in December 2024. There has not been any significant change in his positive stance since then.

But the stock has not moved in tandem with his positive stance; since Sheppard’s initiation, the stock has declined over 20% and is down 6.5% year-to-date.

Despite the pressure on the share price, the analyst reiterated his Buy rating on September 15 and expects the stock to more than double in value. In his note, the analyst highlighted that the company benefits from being a first mover in the sector. In addition, a supportive regulatory environment and an asset-light, high-margin model were cited as key factors that can help the company scale efficiently.

Aurora’s strong partnerships with industry leaders are also expected to help in its path toward commercialization.

The stock has faced cautious views from analysts lately, and currently, the consensus is equally divided between analysts with Buy and Hold ratings. That said, the consensus 1-year median price target of $12 indicates substantial upside if the company delivers on its plans.

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.

READ NEXT: 11 Best Emerging Technology Stocks to Buy Right Now and 12 Best ESG Stocks to Buy Now According to Hedge Funds.

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