Aurora Innovation Inc. Receives Buy Rating and $15 Price Target from Canaccord Genuity Amid Driverless Freight Strategy Progress

Canaccord Genuity has reiterated a Buy rating on Aurora Innovation Inc. (NASDAQ:AUR) with a $15 price target. The rating comes after the company's progress in its driverless freight strategy, including operational progress, financial stability, and partnerships with industry leaders. Aurora is expected to launch a driver-as-a-service model by 2027 and has a growing fleet underpinned by Volvo's truck platform. The company ended Q2 with $1.3 billion in cash, providing a runway into mid-2027.

Aurora Innovation Inc. (NASDAQ:AUR) has made significant strides in its driverless freight strategy, as highlighted during its presentation at the Goldman Sachs Communicopia + Technology Conference 2025. The company reported operational progress, financial stability, and strategic partnerships that have bolstered investor confidence.

Aurora presented its progress with driverless technology, including the completion of 50,000 driverless miles and plans to expand routes by year-end. The company emphasized its focus on "verifiable AI," which integrates modern AI with safety guardrails to ensure reliability and safety. Partnerships with Volvo and PACCAR are expected to facilitate the integration of autonomous systems by 2027 Aurora Innovation at Goldman Sachs Conference: Autonomous Trucking Advances^[1].

The company ended Q2 with $1.3 billion in cash, providing a substantial runway into mid-2027. Aurora projects a driver-as-a-service model with an average sales price of $0.65 to $0.85 per mile, aiming to undercut the current labor cost of $1 per mile. The company anticipates needing future capital raises to sustain growth and innovation Aurora Innovation at Goldman Sachs Conference: Autonomous Trucking Advances^[1].

Aurora's operational updates include reaching a milestone of 50,000 driverless miles on public roads. The company is currently operating driverless routes between Dallas and Houston, with plans to extend services to Fort Worth, El Paso, and Phoenix by the end of the year. The expansion includes adapting to challenging weather conditions, such as rain and wind, and establishing partnerships with customs border patrol agencies to facilitate new routes Aurora Innovation at Goldman Sachs Conference: Autonomous Trucking Advances^[1].

Canaccord Genuity has reiterated a Buy rating on Aurora Innovation Inc. (NASDAQ:AUR) with a $15 price target, reflecting the company's progress and potential in the autonomous trucking space. Aurora's future plans include launching customer terminal operations in early 2026 and integrating OEM-produced autonomy-enabled trucks by 2027. The company expects significant cost reductions with the rollout of its second-generation hardware and plans to offer a hardware-as-a-service model through Continental Aurora Innovation at Goldman Sachs Conference: Autonomous Trucking Advances^[1].

Aurora aims for its trucks to achieve 200,000 to 250,000 miles annually, supported by a favorable regulatory environment and the American Drives Act. The company's CEO, Chris Urmson, discussed the company's "verifiable AI" approach, which combines AI with safety guardrails to ensure safe and reliable operations Aurora Innovation at Goldman Sachs Conference: Autonomous Trucking Advances^[1].