Goldman Sachs Downgrades Aurora Innovation to Sell, Raises Price Target to $2
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Mark Delaney has downgraded Aurora Innovation (NASDAQ:AUR) from Neutral to Sell, while simultaneously raising the price target from $1.75 to $2.
January 03, 2024 | 10:05 am
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NEGATIVE IMPACT
Aurora Innovation was downgraded by Goldman Sachs from Neutral to Sell, although the price target was increased from $1.75 to $2.
The downgrade to Sell suggests that Goldman Sachs believes Aurora Innovation's stock will perform poorly in the short term. Despite the increase in price target, which could imply a perceived value increase, the Sell rating is likely to have a more immediate negative impact on investor sentiment and the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100