Cantor Fitzgerald Sticks with $12 Target; TD Cowen Cuts to $4.70 After Soft 2026 Guidance
Cantor Fitzgerald reaffirmed an overweight rating with a $12 price target, citing Aurora’s 250,000 driverless miles and its plan to deploy 200 trucks by end-2026. TD Cowen cut its price target to $4.70 and maintained hold rating after Aurora lowered its 2026 guidance but projects ~$80 million from driverless trucking.
1. Cantor Fitzgerald Reaffirms Overweight Rating
On February 12, Cantor Fitzgerald reaffirmed an overweight rating on Aurora with a $12 price target, citing the company’s 250,000 driverless miles and its plan to deploy 200 trucks by end-2026. The firm highlighted Aurora’s partnership with Continental to scale hardware production beginning in 2027 as a key long-term growth catalyst.
2. TD Cowen Lowers Price Target
On February 13, TD Cowen lowered Aurora’s price target from $5.50 to $4.70 while maintaining a hold rating after the company’s 2026 revenue guidance came in softer than expected. TD Cowen noted Aurora’s growth inflection outlook for 2027, projecting about $80 million in revenue from over 200 driverless trucks by year-end.
3. Autonomous Trucking Milestones
Aurora has expanded operations to 10 autonomous routes and operates a 1,000-mile driverless corridor between Phoenix and Fort Worth that exceeds federal hours-of-service limits. The company reports zero collisions across 250,000 driverless miles and recently released a fourth software update enabling safe operations in rain, fog and heavy wind.
4. Q4 Financial Results
In Q4 2025, Aurora reported a loss of $0.110 per share versus expectations of $0.12 and generated $1 million in revenue, below estimates of $1.69 million. The company is on track to launch a next-generation hardware kit for International LT Series trucks and aims to reach positive free cash flow by 2028.