Aurora Innovation Inc (AUR) PT Raised to $17 at Canaccord

Canaccord analyst George Gianarikas raised the price target on Aurora Innovation Inc (NASDAQ: AUR) to $17.00 (from $15.00) while maintaining a Buy rating.

The analyst comments "The title of our note, that – that captures the single most resonant truth of the day. (And that was from Co-founder and CEO Chris Urmson at the event.) We will arrive at the numbers and the minutiae soon enough - and they matter. But strip away the historical timing tweaks, the observer drama, and the idle wonderings of why Uber chose to sell. Strip all of that away, and you are left with the core: Aurora’s enduring value is what it has for years quietly, steadily built - and continues to build. What is that? It is a safe, transparent, institutional-grade autonomous platform - a system poised to inflect precisely as supply meets a demand that is finally coming to a boil, in our opinion. It is a rare, serendipitous collision of capability and timing. The infrastructure is ready. The moment of inflection has arrived."

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