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Serve Robotics Stock Surges on Analyst Optimism for AI-Driven Delivery Expansion
Serve Robotics Stock Surges on Analyst Optimism for AI-Driven Delivery Expansion
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BTCCSquare news:
Shares of Serve Robotics (SERV) jumped 15.7% this week after Wedbush Securities initiated coverage with a bullish $15 price target, citing growth potential in last-mile AI delivery solutions. Analyst Dan Ives highlighted the company's contracts with major platforms and operational launches in Los Angeles, Miami, Dallas, and Atlanta as key drivers.
The firm plans to scale to 2,000 robots by year-end, targeting $35 million in 2026 revenue. While the AI logistics space remains competitive, Serve's focus on residential delivery inefficiencies positions it uniquely—though questions linger about long-term differentiation in a crowded field.
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