AUR
Aurora Innovation (NASDAQ: AUR) launched its second-generation driverless truck platform Wednesday,...
Article Summary
HOLD- Aurora Innovation (NASDAQ: AUR) launched its second-generation driverless truck platform Wednesday, deploying it across its commercial network of 10 driverless freight routes in the U.S.
- Sun Belt, with the new fleet built to run with no passive observer at all, removing the safeguard that has ridden on the rest of Aurora's driverless fleet since its public-road debut last year.
- The Pittsburgh company launched the new platform Wednesday with the aim of deploying hundreds of autonomous trucks on the road and ultimately into the hands of more customers, with manufacturing partner Roush targeting an annual production run-rate of 1,000 trucks by year-end.
- Morgan Stanley analyst Ravi Shanker described the launch as the final significant milestone to proving that the technology is ready for commercialization, while removing a key crutch for the bear case, with Wall Street treating the empty cab as the milestone that matters most.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 0.0% | 25% | 20.0 ptsMinimal (0.0%) - Very weak |
| EPS Growth Next 5Y ? | 10.0% | 25% | 20.0 ptsWeak (10.0%) - Low expectations |
| Target Price Upside ? | 67.3% | 20% | 100.0 ptsMassive Upside (67.3%) - Target: $11.14 vs Current: $6.66 |
| Gross Margin % ? | -1925.0% | 15% | 10.0 ptsRazor-Thin (-1925.0%) - Weak pricing power |
| Drawdown from 52-Wk High ? | -22.3% | 15% | 40.0 ptsMild Pullback (-22.3%) - Light entry opportunity |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About AUR
- Aurora Innovation, Inc. engages in the self-driving technology business in the United States.
- It focuses on developing Aurora Driver, a platform that brings a suite of self-driving hardware, software, and data services together to adapt and interoperate various vehicle types and applications.
- The company was founded in 2017 and is headquartered in Pittsburgh, Pennsylvania.