Serve Robotics Poised for 40% Upside as AI-Driven Delivery Gains Traction
Serve Robotics (SERV 4.01%), a spin-off from Uber's robotics division, is emerging as a key player in autonomous last-mile delivery. The company's AI-powered sidewalk robots have completed over 100,000 food deliveries across five U.S. cities through its Uber Eats partnership, with plans to expand via a new deal with a major undisclosed partner.
Northland Capital Markets analyst Michael Latimore maintains a $23 price target—40% above current levels—citing Serve's scalable model and backing from institutional investors. The stock remains undervalued despite its early 2024 momentum, as urban logistics automation demand accelerates.