Aurora rises after Needham initiates coverage with 'buy'

Aurora Innovation

15/04/2025 15:48

Updates

** Shares of self-driving technology maker Aurora Innovation AUR.O rise 2.8% to $6.2

** Needham initiates coverage with "buy" rating and $10 price target, which represents an upside of 65.8% from stock's last close

** Brokerage says AUR is the industry leader in autonomous mobility, set to leverage its Aurora Driver platform and industry partnerships as it creates a market for autonomous trucking on U.S. highways

** Four of 8 brokerages rate the stock "buy" or higher, 4 "hold"; median PT is $10 - data compiled by LSEG

** Up to last close, shares down 4.3% YTD

(Reporting by Harshita Mary Varghese in Bengaluru)

((HarshitaMary.Varghese@thomsonreuters.com))