10 Firms Suffer Amid Optimistic Market Environment

7. Aurora Innovation Inc. (NASDAQ:AUR)

Aurora Innovation dropped its share prices by 3.13 percent on Friday to close at $6.19 apiece as investors repositioned portfolios ahead of the looming launch of its autonomous driving trucks and an investment firm’s conservative rating for the company.

On Thursday, Goldman Sachs gave AUR a price target of $6, lower than Thursday and Friday’s closing prices of $6.39 and $6.19, respectively.

The investment firm also assigned a Neutral rating for the stock, albeit a slight improvement from the Sell rating previously.

According to Goldman Sachs, the new rating reflected a shift in market focus from the ramp-up and economics of AV trucking to the feasibility of the technology itself, which Goldman Sachs believed was achievable.

Meanwhile, AUR recently received an “outperform” rating and a price target of $15 from Oppenheimer. The rating was based on AUR’s methodical and sustainable progress in the industry which it will face limited competition, further supported by its expected launch of driverless trucks this year.