Overview
Cantor Fitzgerald reaffirmed its Overweight rating on Aurora Innovation Inc and kept a $12.00 price target on the stock, a level Cantor calculates would represent approximately 171% upside from Aurora’s then-current share price of $4.43. Data show analysts’ price targets on Aurora range between $4 and $15, and the shares are trading slightly below their Fair Value on that measure.
Operational milestones and commercialization
Aurora reported that since January 31, 2026 it has driven more than 4.5 million autonomous cumulative miles, with over 250,000 of those miles completed in fully driverless mode. By comparison, the company had logged 100,000 driverless miles as of the third quarter. Management has publicly set a target to operate in excess of 200 driverless trucks by year-end, a substantial step up from a fleet of 10 trucks recorded in December.
The company began commercialization in late April. Cantor Fitzgerald described Aurora as one of the leaders in the self-driving truck sector based on those operating metrics and the pace of expansion.
Financial targets and recent results
Aurora is targeting breakeven on gross margins by the end of 2026 and aims to generate positive free cash flow in 2028. Those goals would mark a turnaround from its current financial profile: recent data indicate the company suffers from weak gross profit margins and is not profitable at present.
In its fourth-quarter 2025 earnings report Aurora posted an earnings per share (EPS) loss of $0.11, narrowly better than the expected loss of $0.12, producing an EPS surprise of 8.33%. Revenue for the quarter was $1.0 million, below expectations of $1.69 million and representing a revenue surprise of -40.83%.
Partnerships and hardware
Aurora holds an exclusive agreement with Continental to scale hardware for high-volume installation. The partnership has a targeted start of production in 2027. Cantor Fitzgerald also cited Aurora’s hardware roadmap and the planned production timeline as factors supporting its view of the company’s position within the self-driving truck market.
Analyst perspectives
Alongside Cantor Fitzgerald’s reiteration of an Overweight rating and a $12.00 price target, other sell-side coverage remains active. Oppenheimer reiterated an Outperform rating and a $15.00 price target, pointing to the company’s material progress in expanding operating domains and extending routes and noting expectations that Aurora’s next-generation hardware will be available in the third quarter of 2026.
What this means for markets
Analyst ratings and milestones contribute to investor assessment of Aurora’s prospects in autonomous trucking and related logistics technology. The company’s targets for margin improvement and eventual positive free cash flow will be watched by market participants given the current gap between operating progress and profitability.
Summary
Cantor Fitzgerald maintained an Overweight rating and $12 price target on Aurora Innovation, citing over 4.5 million autonomous miles and commercialization progress. Aurora is pursuing a rapid fleet build to more than 200 driverless trucks by year-end, targets breakeven gross margins by end-2026 and positive free cash flow in 2028, but currently reports weak gross margins and is not profitable. Recent quarterly results showed an EPS of -$0.11 versus an expected -$0.12 and revenue of $1.0 million versus $1.69 million expected.