Canaccord Reiterates Buy on Aurora (AUR) Backed by Progress in Driverless Freight Strategy

Group 1 - Aurora Innovation Inc. (NASDAQ:AUR) is currently trading near the bottom of its 52-week range, between $4.20 and $10.80, with a beta of 2.5 and daily volatility of 5.2% [1] - Canaccord Genuity's analyst George Gianarikas reiterated a Buy rating on Aurora with a price target of $15, reflecting a bullish outlook following the company's presentation at Canaccord's 45th Annual Growth Conference [2][3] - Aurora is making significant progress in its autonomous trucking strategy, having logged over 20,000 miles with driverless trucks on public roads since April [3][6] Group 2 - The company aims to launch a driver-as-a-service model by 2027, with pricing targeted at 65–85 cents per mile, supported by a partner ecosystem that includes major industry players like Uber Freight and FedEx [4] - Aurora ended Q2 with $1.3 billion in cash, providing operational runway into mid-2027, while Continental is investing over $300 million in engineering for development [5] - The company plans to expand into the Sunbelt region in 2026 and is scaling operations with a growing fleet based on Volvo's truck platform [5]