We recently compiled a list of the 10 Firms Mirror Broader Market Downturn Ahead of 2025. In this article, we are going to take a look at where Aurora Innovation, Inc. (NASDAQ:AUR) stands against the other firms that mirror broader market downturn ahead of 2025.
Ten companies mirrored a wider market downturn on Monday, as investors repositioned their portfolios in preparation for 2025.
On Monday, the Dow shed 0.97 percent or 418 points, while the S&P’s broader index decreased 0.95 percent or 56.48 points. The tech heavy Nasdaq registered the biggest decline, down 1.19 percent or 235.24 points.
In this article, let’s look at why some of the relatively larger-cap companies declined and what dragged down the performance of their shares.
A closeup of a self-driving hardware unit inside the dashboard of a passenger vehicle.
Aurora Innovation, Inc. (AUR)
Shares of Aurora Innovation, Inc. (NASDAQ:AUR), a self-driving vehicle technology company, reported a 6.77-percent decrease in its stock price to finish Monday’s trading at $6.47 each. In the past five trading days, the company’s stock price registered a 6.47-percent decline.
However, prospects for Aurora Innovation remained robust, even earning a bullish outlook from institutional investors recently.
Cantor Fitzgerald, an American financial services firm, was the most recent to join the bull’s camp for Aurora Innovation, giving the company an “overweight” rating and a price target of $10.
Cantor analyst Andres Sheppard emphasized Aurora’s clear commercialization roadmap, high-margin, asset-light model, and favorable regulation trends, noting that the company has logged over two million supervised miles, with plans to deploy tens of driverless trucks by late 2025.
Overall, AUR ranks 6th on our list of firms that mirror broader market downturn ahead of 2025. While we acknowledge the potential of AUR as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AUR but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.