TD Cowen Slashes PT on Aurora Innovation (AUR) to $5.50 From $7.40

Aurora Innovation, Inc. (NASDAQ:AUR) is one of the best stocks to buy with over 50% upside potential. TD Cowen analyst slashed the price target on Aurora Innovation, Inc. (NASDAQ:AUR) to $5.50 from $7.40 on October 30, and maintained a Hold rating. The firm stated that it sees Q3 as mixed but solidly intact, and remains encouraged by Aurora Innovation, Inc.’s (NASDAQ:AUR) underlying progress.

It is, however, adjusting its model to take into account a more measured 2026-27 revenue ramp to consider timing risks in the validation/launch of the 2nd gen HW fleet.

Separately, Aurora Innovation, Inc. (NASDAQ:AUR) announced on October 28 the rapid expansion of its commercial operations with the launch of a second driverless route from Fort Worth to El Paso. The update comes as the company “surpasses 100,000 driverless miles on public roads and shares its plan to deploy hundreds of driverless trucks with its next-generation Aurora Driver hardware in 2026, fortifying a clear path to meet strong customer demand”.

Management reported that the launch of the 600-mile lane from Fort Worth to El Paso came just six months after the inaugural Dallas to Houston route, which makes it the fastest scaling to a second market in the history of US self-driving.

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.