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Is Aurora Innovation a Good Autonomous Driving Stock to Buy? -Breaking

by Mike Robinson

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© Reuters. Are you looking for a good stock to buy in autonomous driving?

Aurora Innovation (AUR), a self-driving technology firm, recently went public on the stock exchange. It is a wise decision to invest in the stock, even though it hasn’t yet produced any revenue. Let’s find out.Autonomous technology company Aurora Innovation, Inc. (AUR) in Pittsburgh, Pa., recently completed its business combination and began trading on November 4, merging with special purpose acquisition company (SPAC) Reinvent Technology Partners Y, and raising over $1.80 billion in gross proceeds. Since its debut, the stock’s price has risen 6.9%.

Wall Street analysts anticipate the stock will reach $14 within the next few months, which suggests a 16.6% potential upside.

AUR trades 32.4% lower than its historical high of $17.77 (which it reached on November 19, 2020). Moreover, the entire automotive industry is facing severe semiconductor chip and labor shortages, which could hamper the company’s production plans. So, AUR’s near-term prospects look uncertain.

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