10 Best Artificial Intelligence Stocks to Buy Under $10

2. Aurora Innovation, Inc. (NASDAQ:AUR)

Number of Hedge Fund Holders: 27

Stock Price: $2.49

Aurora Innovation, Inc. (NASDAQ:AUR) is a leading self-driving technology company headquartered in Pittsburgh, Pennsylvania. Founded in 2017, the company’s mission is to revolutionize transportation with the Aurora Driver.

In Q1 2024, Aurora Innovation, Inc. (NASDAQ:AUR) beat the earnings per share estimates by 44%. The company has surpassed the EPS estimates in the last four quarters.

Aurora Innovation, Inc. (NASDAQ:AUR) also reported a decrease in operating expenses for Q1 2024 compared to last year. Research and development costs dropped to $166 million from $716 million, and selling, general, and administrative expenses decreased to $27 million from $119 million.

Analyst sentiment on Aurora Innovation, Inc. (NASDAQ:AUR) stock is positive, with a 12-month average price target of $6. This represents a potential upside of over 140% from the current price levels.

Aurora Innovation, Inc. (NASDAQ:AUR) was held by 27 hedge funds at the end of the first quarter of 2024.