Serve Robotics (NASDAQ:SERV) Given New $16.00 Price Target at Cantor Fitzgerald

Serve Robotics (NASDAQ:SERV) had its price target lowered by Cantor Fitzgerald from $17.00 to $16.00 in a report published on Tuesday,Benzinga reports. The firm currently has an overweight rating on the stock.

SERV has been the topic of several other research reports. LADENBURG THALM/SH SH upgraded shares of Serve Robotics to a “strong-buy” rating in a research report on Thursday, December 18th. Oppenheimer initiated coverage on shares of Serve Robotics in a research report on Thursday, December 18th. They issued an “outperform” rating and a $20.00 price objective for the company. Northland Securities reissued an “outperform” rating and set a $26.00 target price on shares of Serve Robotics in a research note on Friday, January 2nd. Loop Capital set a $16.00 target price on Serve Robotics in a research report on Wednesday, December 31st. Finally, Freedom Capital upgraded Serve Robotics to a “strong-buy” rating in a research note on Wednesday, December 31st. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, Serve Robotics currently has a consensus rating of “Buy” and an average price target of $18.60.

Serve Robotics Trading Down 2.3%

SERV opened at $9.62 on Tuesday. Serve Robotics has a 12-month low of $4.66 and a 12-month high of $18.64. The firm has a 50 day moving average of $11.15 and a two-hundred day moving average of $11.63. The firm has a market capitalization of $728.14 million, a PE ratio of -6.05 and a beta of 0.90.

Serve Robotics (NASDAQ:SERV) last released its quarterly earnings data on Wednesday, March 11th. The company reported ($0.46) EPS for the quarter, beating the consensus estimate of ($0.49) by $0.03. Serve Robotics had a negative net margin of 3,821.98% and a negative return on equity of 38.54%. The business had revenue of $0.88 million for the quarter, compared to the consensus estimate of $0.77 million. As a group, analysts predict that Serve Robotics will post -0.98 EPS for the current fiscal year.

Insider Buying and Selling

In related news, COO Touraj Parang sold 3,922 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $9.72, for a total transaction of $38,121.84. Following the completion of the sale, the chief operating officer directly owned 1,316,205 shares in the company, valued at approximately $12,793,512.60. The trade was a 0.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Anthony Armenta sold 3,567 shares of the firm’s stock in a transaction on Friday, March 13th. The shares were sold at an average price of $9.82, for a total value of $35,027.94. Following the completion of the transaction, the insider owned 540,919 shares in the company, valued at $5,311,824.58. The trade was a 0.66% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 95,604 shares of company stock worth $1,067,547 in the last quarter. 21.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SERV. Farther Finance Advisors LLC purchased a new stake in Serve Robotics in the 3rd quarter valued at about $27,000. Quadrant Capital Group LLC purchased a new position in Serve Robotics during the fourth quarter worth about $31,000. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of Serve Robotics during the fourth quarter valued at about $31,000. EverSource Wealth Advisors LLC increased its position in shares of Serve Robotics by 299.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,192 shares of the company’s stock valued at $33,000 after acquiring an additional 2,392 shares during the last quarter. Finally, CWM LLC raised its stake in shares of Serve Robotics by 514.1% in the 4th quarter. CWM LLC now owns 3,439 shares of the company’s stock valued at $36,000 after acquiring an additional 2,879 shares during the period.

Serve Robotics News Roundup

Here are the key news stories impacting Serve Robotics this week:

• Positive Sentiment: SERV expanded service to 20 cities with roughly 2,000 robots and partnership integrations with Uber Eats and DoorDash, supporting revenue scale and network effects as the company commercializes autonomous delivery. SERV Expands to 20 Cities
• Positive Sentiment: Several analysts and institutional holders remain supportive — MarketBeat notes multiple buy/strong-buy ratings and a consensus price target materially above the market, and some hedge funds have been increasing or initiating positions, which provides continued analyst and institutional demand. MarketBeat SERV coverage
• Neutral Sentiment: Cantor Fitzgerald lowered its price target from $17 to $16 but kept an “overweight” rating — the downgrade trims upside but the firm still expects outperformance versus peers. Cantor Fitzgerald note via Benzinga
• Negative Sentiment: Insider selling: Anthony Armenta sold 3,567 shares on March 13 (part of a pattern of periodic sales), which investors often view as a negative signal even though his holding remains large. Insider sale alert
• Negative Sentiment: Critical analysis on economics: commentary (Seeking Alpha) warns that while robot counts and coverage are growing, unit economics and profitability remain under pressure — a key risk for valuation and cash-burn outlook. Serve Robotics: The Robots Are Scaling, The Economics Aren’t
• Negative Sentiment: Fundamentals/technicals: recent quarterly results showed a small revenue base and very wide negative margins despite a slight EPS beat; the stock is trading below its 50- and 200-day moving averages and volume is above average — technicals suggest near-term selling pressure. MarketBeat earnings & price data

About Serve Robotics

Serve Robotics develops and operates autonomous sidewalk delivery robots designed to transform last-mile logistics for restaurants, retailers and grocery brands. By combining proprietary hardware, sensor suites and dispatch software, the company enables on-demand deliveries of food, beverages and consumer goods while minimizing reliance on traditional vehicle fleets.

The core Serve robot integrates four-wheeled mobility, LiDAR and vision cameras with AI-driven navigation algorithms to detect obstacles, traverse urban sidewalks and interact safely with pedestrians.