Fintel reports that on July 20, 2023, Canaccord Genuity maintained coverage of Aurora Innovation Inc - (NASDAQ:AUR) with a Buy recommendation.
Analyst Price Forecast Suggests 60.12% Upside
As of July 6, 2023, the average one-year price target for Aurora Innovation Inc - is 4.66. The forecasts range from a low of 1.26 to a high of $7.35. The average price target represents an increase of 60.12% from its latest reported closing price of 2.91.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Aurora Innovation Inc - is 6MM, a decrease of 78.63%. The projected annual non-GAAP EPS is -0.80.
What is the Fund Sentiment?
There are 196 funds or institutions reporting positions in Aurora Innovation Inc -. This is an increase of 4 owner(s) or 2.08% in the last quarter. Average portfolio weight of all funds dedicated to AUR is 0.14%, a decrease of 74.95%. Total shares owned by institutions increased in the last three months by 0.37% to 341,757K shares. 
The put/call ratio of AUR is 0.08, indicating a bullish outlook.
What are Other Shareholders Doing?
T. Rowe Price Investment Management holds 53,995K shares representing 4.57% ownership of the company. In it's prior filing, the firm reported owning 54,041K shares, representing a decrease of 0.09%. The firm increased its portfolio allocation in AUR by 7.25% over the last quarter.
Sb Investment Advisers holds 39,417K shares representing 3.34% ownership of the company. No change in the last quarter.
Index Venture Growth Associates III holds 38,412K shares representing 3.25% ownership of the company. No change in the last quarter.
PRWCX - T. Rowe Price Capital Appreciation Fund holds 34,667K shares representing 2.94% ownership of the company. No change in the last quarter.
Wellington Management Group Llp holds 16,388K shares representing 1.39% ownership of the company. In it's prior filing, the firm reported owning 12,333K shares, representing an increase of 24.75%. The firm increased its portfolio allocation in AUR by 50.86% over the last quarter.
Aurora Innovation Background Information
(This description is provided by the company.)
Aurora Innovation, Inc., doing business as Aurora, is an American self-driving vehicle technology company based in Pittsburgh, Pennsylvania and in Mountain View, California. Aurora is known for developing the Aurora Driver, a computer system that can be integrated into cars for autonomous driving.
Additional reading:
- COMMON STOCK PURCHASE AGREEMENT BY AND AMONG AURORA INNOVATION, INC., THE PURCHASERS JULY 18, 2023
- FORM OF REGISTRATION RIGHTS AGREEMENT
- Aurora Announces Pricing of $220 Million Upsized Public Offering of Class A Common Stock Aurora expects to receive total gross proceeds of approximately $820 million from the public offering and concurrent private placement
- Aurora Announces Proposed Public Offering and $600 Million Concurrent Private Placement of Class A Common Stock
- AURORA INNOVATION, INC. AMENDMENT TO STOCK OPTION AGREEMENT
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
