Aurora Innovation (NASDAQ:AUR) Given New $11.00 Price Target at Cantor Fitzgerald

Key Points

• Cantor Fitzgerald lowered Aurora Innovation’s price target to $11 from $12 while maintaining an “overweight” rating, implying roughly 116% upside from the stock’s $5.09 price. Analysts overall rate the stock “Moderate Buy,” with an average target of $12.78.
• Aurora’s latest quarter showed revenue doubling year over year to $3 million, while its $0.12 per-share loss matched expectations. However, the company continues to face substantial losses, negative cash flow and significant funding needs.
• The company is targeting a major autonomous-truck production ramp, planning to equip about 20 driverless trucks weekly and operate more than 1,000 by the end of 2027. Achieving these goals remains dependent on execution, commercialization and access to capital.

Aurora Innovation (NASDAQ:AUR - Get Free Report) had its target price decreased by Cantor Fitzgerald from $12.00 to $11.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Cantor Fitzgerald's price target would suggest a potential upside of 116.11% from the stock's current price.

AUR has been the topic of several other reports. Wall Street Zen cut Aurora Innovation from a "sell" rating to a "strong sell" rating in a report on Saturday, August 1st. Canaccord Genuity Group increased their target price on shares of Aurora Innovation from $15.00 to $17.00 and gave the company a "buy" rating in a research report on Thursday, September 24th. Needham & Company LLC lowered their price target on shares of Aurora Innovation from $13.00 to $10.00 and set a "buy" rating for the company in a report on Thursday. Weiss Ratings restated a "sell (d-)" rating on shares of Aurora Innovation in a research report on Thursday, October 15th. Finally, The Goldman Sachs Group boosted their price target on shares of Aurora Innovation from $6.00 to $7.00 and gave the stock a "neutral" rating in a research report on Thursday, September 24th. Eight research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $12.78.

Aurora Innovation Trading Down 0.6%

Shares of Aurora Innovation stock opened at $5.09 on Thursday. The firm has a market capitalization of $10.20 billion, a PE ratio of -10.83 and a beta of 2.69. The firm's 50 day moving average is $5.77 and its 200 day moving average is $5.62. Aurora Innovation has a 1 year low of $3.60 and a 1 year high of $8.56.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last issued its earnings results on Wednesday, October 28th. The company reported ($0.12) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.12). The business had revenue of $3.00 million during the quarter, compared to analysts' expectations of $2.99 million. Aurora Innovation had a negative return on equity of 43.94% and a negative net margin of 18,000.00%. The business's revenue was up 200.0% on a year-over-year basis. As a group, research analysts anticipate that Aurora Innovation will post -0.49 earnings per share for the current year.

Insider Buying and Selling at Aurora Innovation

In other news, Director Michelangelo Volpi sold 2,842,682 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $7.00, for a total value of $19,898,774.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders have sold 6,390,753 shares of company stock valued at $44,826,378. Corporate insiders own 8.52% of the company's stock.

Hedge Funds Weigh In On Aurora Innovation

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE increased its stake in shares of Aurora Innovation by 130.0% in the first quarter. Bank of America Corp DE now owns 30,036,169 shares of the company's stock worth $123,749,000 after purchasing an additional 16,975,927 shares in the last quarter. State Street Corp lifted its stake in shares of Aurora Innovation by 6.0% during the 2nd quarter. State Street Corp now owns 22,922,729 shares of the company's stock valued at $156,333,000 after buying an additional 1,293,487 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Aurora Innovation by 4.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 11,807,009 shares of the company's stock valued at $48,621,000 after buying an additional 490,659 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of Aurora Innovation by 2,068.8% during the 1st quarter. Janus Henderson Group PLC now owns 11,243,080 shares of the company's stock valued at $46,319,000 after buying an additional 10,724,682 shares in the last quarter. Finally, Wellington Management Group LLP bought a new position in Aurora Innovation in the 2nd quarter worth approximately $25,893,000. Hedge funds and other institutional investors own 44.71% of the company's stock.

Trending Headlines about Aurora Innovation

Here are the key news stories impacting Aurora Innovation this week:

• Positive Sentiment: Production ramp provides a potential growth catalyst. Aurora said it expects to equip approximately 20 driverless trucks per week beginning in early December and is targeting more than 1,000 driverless trucks in operation by the end of 2027. The plan supports the company’s strategy to scale autonomous trucking commercially. Aurora outlines 20 trucks per week by early December
• Positive Sentiment: Revenue grew sharply year over year. Third-quarter revenue reached $3 million, approximately double the year-ago level, reflecting early commercial activity. Earnings per share of negative $0.12 was in line with the provided consensus estimate, while revenue was broadly near expectations. Aurora Announces Third Quarter 2026 Results
• Neutral Sentiment: Analysts and investors are focused on execution. Aurora’s valuation remains heavily dependent on whether it can convert its planned fleet expansion into recurring revenue and eventually improve profitability. The company’s long-term rollout targets could support the stock if achieved, but they also increase execution and funding requirements.
• Negative Sentiment: Quarterly losses remain substantial. Aurora reported a $257 million operating loss, a $234 million net loss attributable to common shareholders and negative gross profit of $5 million. Operating cash flow was negative $170 million, with $36 million spent on property and equipment. Cash and equivalents stood at $141 million, intensifying concerns about future capital needs. Aurora third-quarter 2026 financial results
• Negative Sentiment: Profitability is still distant. Aurora continues to report deeply negative margins and is expected to post a full-year loss, making the stock particularly sensitive to delays in commercialization, higher spending or additional dilution. Reports of predominantly insider selling may also weigh on sentiment. Aurora stock and Q3 earnings analysis

About Aurora Innovation

Aurora Innovation, Inc develops autonomous driving technology for commercial trucks and passenger vehicles. Its core product, the Aurora Driver, combines artificial intelligence, sensors, mapping, and vehicle-control software to enable vehicles to perceive their surroundings, plan routes, and operate with limited or no human intervention.

The company focuses initially on autonomous trucking and freight transportation, while also developing technology for passenger mobility applications.

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