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Why Aurora Innovation Stock Is Skyrocketing This Week

TheMotleyFool 
0 0 09.06.23
Why Aurora Innovation Stock Is Skyrocketing This Week: https://g.foolcdn.com/editorial/images/735780/mature-person-looking-at-laptop-computer-with-raised-eyebrows-and-thinking-confused-doubtful-uncertain-unsure-skeptical.jpg
 

Shares of Aurora Innovation (NASDAQ: AUR) are soaring this week. The self-driving vehicle technology expert saw stock prices rise 43.1% between the closing bells last Friday and this Thursday, according to data from S&P Global Market Intelligence. The jump was powered by a single analyst report of the ultra-bullish variety.

That report came from Canaccord Genuity analyst George Gianarikas, who started coverage of this stock with a buy rating and a one-year target price of $5 per share. That's more than three times Aurora's stock price on Tuesday, before this market-moving document was posted on Wednesday morning.

In particular, the analyst likes the young company's experienced management team and robust growth prospects in the barely born American market for self-diving cargo trucks. Self-driving passenger car services also added value to the analysis, but that crowded space was given a far lighter weight than the trucking opportunity.

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Source Fool.com

Canaccord Financial Inc. Stock

€5.30
-3.640%
Heavy losses for Canaccord Financial Inc. today as the stock fell by -€0.200 (-3.640%).

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