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Investing.com - Cantor Fitzgerald has reiterated an Overweight rating and $12.00 price target on Aurora Innovation Inc (NASDAQ:AUR), currently trading at $5.67, following the company’s milestone achievement in autonomous trucking. According to InvestingPro data, the stock has shown significant volatility, with a 52-week range of $4.65 to $10.77.
Aurora Innovation recently announced that its autonomous trucking system has surpassed 50,000 driverless miles on public roads, maintaining a perfect safety record and nearly complete on-time performance for freight customers. This achievement supports the company’s expansion plans, which include reaching 100,000 driverless miles, testing in adverse weather conditions, and opening additional routes. The company maintains a strong financial position with more cash than debt on its balance sheet and a healthy current ratio of 16.96x, according to InvestingPro analysis.
The company began its autonomous service in April, and as of the second quarter, Aurora-equipped trucks had autonomously driven more than 3.3 million cumulative miles, combining both supervised and driverless operations. Aurora has also started driverless operations at night ahead of schedule and opened a terminal in Phoenix.
Cantor Fitzgerald expects Aurora to increase its driverless commercial loads in the second half of 2025, improve its technology to handle rain and heavy wind conditions, and expand routes to include Fort Worth-El Paso and Phoenix.
The research firm believes Aurora benefits from first-mover advantage, favorable regulation, an asset-light and high-margin business model, significant partnerships, and the ability to scale quickly.
In other recent news, Aurora Innovation reported its Q2 2025 earnings, revealing revenue of $1,000,000, which significantly surpassed the forecasted $503,330. This revenue beat highlights the company’s progress in its commercial self-driving truck operations. Aurora Innovation’s stock rating was reiterated at Overweight by Cantor Fitzgerald, with a price target of $12.00, emphasizing the successful launch of its "Aurora Driver" service in Texas. Despite these advancements, Kerrisdale Capital issued a bearish short report, questioning the commercial viability of Aurora’s autonomous trucking model. The report argued that the technology might be limited to highway driving, necessitating human drivers for local deliveries. Aurora remains the first publicly traded company to operate a commercial self-driving service with heavy-duty trucks on U.S. public roads. These developments reflect the company’s ongoing efforts to innovate in the autonomous trucking industry.
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