Morgan Stanley Maintains Overweight on Aurora Innovation, Raises Price Target to $18
Morgan Stanley analyst Ravi Shanker maintains Aurora Innovation (NASDAQ:AUR) with a Overweight and raises the price target from $14 to $18.
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Morgan Stanley analyst Ravi Shanker maintains Aurora Innovation (NASDAQ:AUR) with a Overweight and raises the price target from $14 to $18.
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The global software-defined commercial vehicle (SDCV) market is expected to reach USD 7.29 billion by 2035, representing approximately 19x growth from 2030. Growth is driven by centralized computing, electrification, cloud-based fleet management, autonomous driving, and recurring software-based revenue models. Europe and North America lead the market, with trucks growing faster than buses. Major OEMs and technology providers are accelerating development through strategic collaborations and investments in vehicle operating systems and cloud-connected platforms.
Joby Aviation launched a week-long eIPP (electric air taxi) demonstration in the Dallas-Fort Worth region, including flights into DFW Airport. The company opened a new 45,000-square-foot facility at Fort Worth Alliance Airport as a long-term operating base. While the campaign represents progress toward commercializing electric air taxi technology and validates real-world operational capabilities, Joby still needs FAA certification and regulatory approval for large-scale commercial operations. The stock has declined 56.2% over the past year.