The Goldman Sachs Group Issues Positive Forecast for Aurora Innovation (NASDAQ:AUR) Stock Price

Aurora Innovation (NASDAQ:AUR) had its target price boosted by The Goldman Sachs Group from $2.00 to $2.50 in a research note released on Monday morning, Benzinga reports. The firm currently has a sell rating on the stock.

Several other equities research analysts have also recently commented on the company. TD Cowen increased their price target on Aurora Innovation from $3.00 to $4.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Evercore ISI upped their price objective on shares of Aurora Innovation from $3.00 to $5.00 and gave the company an “in-line” rating in a report on Monday, October 14th. Finally, Canaccord Genuity Group restated a “buy” rating and set a $7.00 price target on shares of Aurora Innovation in a report on Monday, September 30th.

Aurora Innovation Stock Performance

NASDAQ AUR opened at $5.55 on Monday. Aurora Innovation has a 1-year low of $1.73 and a 1-year high of $7.01. The stock’s 50 day simple moving average is $5.38 and its 200-day simple moving average is $3.94.

Institutional Investors Weigh In On Aurora Innovation

Institutional investors and hedge funds have recently made changes to their positions in the stock. Sterling Investment Advisors Ltd. acquired a new stake in Aurora Innovation in the 3rd quarter valued at approximately $1,184,000. Vanguard Group Inc. boosted its position in shares of Aurora Innovation by 1.5% during the first quarter. Vanguard Group Inc. now owns 84,784,550 shares of the company’s stock worth $239,092,000 after buying an additional 1,267,962 shares during the period. Empowered Funds LLC grew its stake in shares of Aurora Innovation by 44.1% in the first quarter. Empowered Funds LLC now owns 17,597 shares of the company’s stock valued at $50,000 after buying an additional 5,386 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Aurora Innovation by 67.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 500,535 shares of the company’s stock valued at $1,386,000 after buying an additional 202,413 shares during the period. Finally, Algert Global LLC lifted its stake in Aurora Innovation by 72.9% during the 2nd quarter. Algert Global LLC now owns 265,921 shares of the company’s stock worth $737,000 after acquiring an additional 112,131 shares in the last quarter. 44.71% of the stock is owned by hedge funds and other institutional investors.

Aurora Innovation Company Profile

Aurora Innovation, Inc operates as a self-driving technology company 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 vehicles. The company was founded in 2017 and is headquartered in Pittsburgh, Pennsylvania.