Canaccord analyst George Gianarikas raised the firm’s price target on Aurora Innovation (AUR) to $10 from $7 and keeps a Buy rating on the shares. The firm noted the company announced announced a 3-way strategic partnership involving Nvidia (NVDA), Aurora, and Continental. Its previous model called for a capital raise at $2.50 but has now moved it up to $7.50 which reduced the dilutive effect of the potential offering , thus raising its price target
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AUR:
- Aurora Innovation Stock Rockets on Nvidia Autonomous Vehicle Collaboration
- Paychex to acquire Paycor HCM, Getty and Shutterstock to merge: Morning Buzz
- Reinvent Technology Partners call volume above normal and directionally bullish
- Morning Movers: Getty Images, Shutterstock surge following merger pact
- Aurora, Continental and Nvidia announce pact to deploy driverless trucks