Bullish Price Target Sends Tech Shares Soaring

A Pittsburg-based tech firm is finding tremendous success during Wednesday’s session after it was announced that Canaccord Genuity initiated coverage of the stock with a buy rating and with a $5.00 price target.

Seeing that the stock closed at just $1.52/share yesterday, it’s no wonder that Aurora Innovation Inc. (Nasdaq:AUR) is soaring today, reaching all the way up to $1.94/share (+27.63%) at the session high. This move came on massive relative volume, so be sure to keep this stock on your radar!

Aurora Innovation Inc is engaged in delivering self-driving technology safely, quickly, and broadly. The company designs and develops the Aurora Driver, which is the hardware, software, and data services that allow vehicles to drive themselves. Its flagship product, the Aurora Driver, is a platform that brings together software, hardware, and data services, to autonomously operate passenger vehicles, light commercial vehicles, and heavy-duty trucks. The company has partnered with industries across the transportation ecosystem including Toyota, Volvo, PACCAR, Uber, Uber Freight, FedEx, and U.S. Xpress.