Autonomous Vehicle News
As part of the re-ranking process, Aurora was added to the Russell 3000, making it one of the country’s 3,000 largest publicly traded companies. Around the same time as the Russell 3000 event, Canaccord Genuity reiterated its Buy rating and ambitious $5.00 price target. The heavy-duty autonomous vehicle market alone is forecast to grow more than tenfold in the next 10 years. For starters, last month’s huge volume spike bodes well for a longer-term uptrend, especially if the ripple effects of the Russell 3000 inclusion persist. This bullish pattern shows that buyers were quick to swoop in during the downturn and overpower sellers.