TD Cowen Slashes PT on Aurora Innovation (AUR) to $5.50 From $7.40

Group 1: Company Overview - Aurora Innovation, Inc. (NASDAQ:AUR) is recognized as a stock with over 50% upside potential despite a recent price target reduction from $7.40 to $5.50 by TD Cowen, which maintained a Hold rating [1] - The company has rapidly expanded its commercial operations, launching a second driverless route from Fort Worth to El Paso, marking a significant milestone in its growth [3][4] - Aurora has surpassed 100,000 driverless miles on public roads and plans to deploy hundreds of driverless trucks with next-generation Aurora Driver hardware by 2026, indicating strong customer demand [3][4] Group 2: Market Position and Performance - The launch of the 600-mile lane from Fort Worth to El Paso occurred just six months after the inaugural Dallas to Houston route, showcasing the fastest scaling to a second market in US self-driving history [4] - Management remains encouraged by the underlying progress of Aurora Innovation, despite mixed signals in Q3 performance [1]