Why Aurora Innovation, Inc. (AUR) Surged on Monday
We recently published an article titled Why Traders Flocked to These 10 Stocks on Monday . In this article, we are going to take a look at where Aurora Innovation, Inc. (NASDAQ:AUR) stands against the other stocks.
The stock market kicked off the trading week on a mixed note, with two major indices ending in the green, as investors continued to digest more corporate earnings results.
Among the bellwether indices, only the Nasdaq ended in the red, dropping 0.10 percent. In contrast, the Dow Jones grew by 0.28 percent and the S&P 500 inched up by 0.06 percent.
Meanwhile, 10 companies mirrored a broader market optimism, as investors snapped up shares ahead of their first-quarter earnings performance in the next few days.
To come up with the list, we considered only the companies with a $2-billion market capitalization and $5-million trading volume.
A closeup of a self-driving hardware unit inside the dashboard of a passenger vehicle.
Aurora Innovation, Inc. (NASDAQ:AUR)
Aurora Innovation, Inc. (NASDAQ:AUR) saw its share prices rally for a fifth straight day, adding 5.52 percent to finish Monday’s trading at $7.26 each as investors snapped up shares ahead of the release of its earnings performance next week.
According to Aurora Innovation, Inc. (NASDAQ:AUR), it is set to announce its first quarter earnings highlights on Thursday, May 8, 2025, where investors will be closely watching out for its growth outlook and its next steps after the launch of its driverless trucks.
Earlier this month, Aurora Innovation, Inc. (NASDAQ:AUR) received a rating upgrade from two investment companies. Needham gave the company a Buy rating and a price target of $10, marking a 37.7-percent upside from its closing price on Monday.
Needham said its outlook was based on the company’s strong potential to disrupt the $1-trillion trucking industry with its Aurora Driver platform.
For its part, Goldman Sachs upgraded its rating for Aurora Innovation, Inc. (NASDAQ:AUR) to Neutral from Sell previously.
Overall AUR ranks 7th on our list of the best performing stocks on Monday. 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. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. 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 this cheapest AI stock .
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires .
Disclosure: None. This article is originally published at Insider Monkey .