5 Most Promising New Technology Stocks According to Analysts

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

Number of Hedge Fund Holders: 22

Estimated One-Year Price Target: $4.46

Autonomous driving technology company Aurora Innovation, Inc. (NASDAQ:AUR) ranks 4th in our list of the most promising new technology stocks according to analysts. The Pennsylvania-based company shares have gained about 55% year to date through February 20. Earlier this month Aurora Innovation, Inc. (NASDAQ:AUR) posted its full-year 2022 and Q4 results. GAAP EPS in the quarter came in at -$0.25.

Aurora Innovation, Inc. (NASDAQ:AUR) is one of those low-cost stocks that can grow big and reward long-term investors. However, given the current market situation, the rewards might take some time to realize. Aurora Innovation,  which went public back in 2021, expects to keep losing money until 2027 as it invests in its self-driving technologies for trucks and cars. According to The Verge, Aurora Innovation, Inc. (NASDAQ:AUR) has plans to sell its hardware and software to other companies instead of maintaining its own vehicle fleet.