Serve Robotics Inc. (NASDAQ:SERV) Given Average Recommendation of “Buy” by Analysts

Serve Robotics Inc. (NASDAQ:SERV) has been given an average recommendation of “Buy” by the eight research firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, five have issued a buy rating and two have issued a strong buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $18.60.

SERV has been the topic of a number of recent research reports. Loop Capital set a $16.00 target price on Serve Robotics in a report on Wednesday, December 31st. Cantor Fitzgerald reduced their price target on Serve Robotics from $17.00 to $16.00 and set an “overweight” rating for the company in a research report on Tuesday, March 17th. LADENBURG THALM/SH SH raised Serve Robotics to a “strong-buy” rating in a research note on Thursday, December 18th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Serve Robotics in a research note on Monday, December 29th. Finally, Freedom Capital raised shares of Serve Robotics to a “strong-buy” rating in a report on Wednesday, December 31st.

Serve Robotics Trading Down 8.4%

Shares of NASDAQ SERV opened at $8.32 on Friday. Serve Robotics has a 12-month low of $4.66 and a 12-month high of $18.64. The firm has a market capitalization of $629.74 million, a price-to-earnings ratio of -5.23 and a beta of 0.90. The firm has a 50 day moving average of $10.27 and a 200 day moving average of $11.54.

Serve Robotics (NASDAQ:SERV) last issued its quarterly earnings results on Wednesday, March 11th. The company reported ($0.46) earnings per share for the quarter, topping 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 analysts’ expectations of $0.77 million. Sell-side analysts predict that Serve Robotics will post -0.98 EPS for the current year.

Key Stories Impacting Serve Robotics

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

• Positive Sentiment: Wedbush reiterated an Outperform rating and a $22 12‑month price target after a two‑day investor meeting, highlighting Serve’s fleet deployments, new revenue streams and market‑share potential — a clear bullish catalyst if management executes. Serve Robotics well-positioned to gain market share: Wedbush
• Positive Sentiment: Commercial traction: Serve expanded its delivery partnerships, including a White Castle program on Uber Eats, validating route-to-revenue opportunities and third‑party distribution leverage. Such partnerships can raise utilization and revenue per robot. Serve Robotics (SERV) Partners With White Castle for Autonomous Delivery on Uber Eats
• Positive Sentiment: Platform leverage story: coverage highlights Serve tapping Uber and DoorDash scale to increase robot utilization and unlock new revenue streams — a strategic positive if these integrations measurably boost utilization and unit economics. SERV Taps Uber & DoorDash Scale: Is Platform Leverage Paying Off?
• Neutral Sentiment: Investor/market analysis pieces (e.g., strategy and opportunity writeups) review long-term upside but note execution and capital needs; useful background but not an immediate price trigger. How Far Can Serve Robotics (SERV) Push Its Delivery Robot Opportunity?
• Negative Sentiment: Multiple incidents in Chicago — two bus‑shelter collisions within days and viral video coverage of a robot shattering glass — have drawn local political criticism and safety concerns, creating reputational and potential liability/regulatory risk. There’s Something Incredibly Weird About Two Delivery Robots Crashing Through Glass Bus Shelter in Chicago Within a Few Days of Each Other
• Negative Sentiment: Chicago officials publicly criticized Serve (and another operator) over shelter damage; heightened scrutiny could lead to fines, restrictions or stricter operating rules that would slow expansion and increase costs. Chicago criticizes Serve and Coco Robotics over bus shelter damage
• Negative Sentiment: High-profile media and pundit scrutiny — including Jim Cramer saying he wouldn’t buy due to losses and “complex” macro conditions — amplifies negative sentiment and may pressure short‑term flows despite longer‑term narratives. Jim Cramer on Serve Robotics: “We Can’t Go With Those Right Now. It’s Too Complex a Time”

Insider Transactions at Serve Robotics

In other news, CEO Ali Kashani sold 13,500 shares of the firm’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $9.72, for a total transaction of $131,220.00. Following the sale, the chief executive officer directly owned 3,334,914 shares in the company, valued at $32,415,364.08. This trade represents a 0.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Brian Read sold 3,185 shares of Serve Robotics stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $10.33, for a total transaction of $32,901.05. Following the transaction, the chief financial officer owned 325,856 shares in the company, valued at approximately $3,366,092.48. This trade represents a 0.97% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 95,604 shares of company stock valued at $1,067,547. Company insiders own 5.50% of the company’s stock.

Hedge Funds Weigh In On Serve Robotics

Several large investors have recently made changes to their positions in SERV. First Trust Advisors LP bought a new position in shares of Serve Robotics in the third quarter worth about $8,840,000. Geode Capital Management LLC raised its stake in Serve Robotics by 176.0% during the 2nd quarter. Geode Capital Management LLC now owns 878,668 shares of the company’s stock valued at $10,054,000 after purchasing an additional 560,361 shares during the period. Vanguard Group Inc. lifted its holdings in Serve Robotics by 25.2% in the 3rd quarter. Vanguard Group Inc. now owns 2,594,869 shares of the company’s stock worth $30,178,000 after purchasing an additional 521,945 shares in the last quarter. Creek Drive Management Group LLC purchased a new position in Serve Robotics in the 4th quarter worth approximately $4,912,000. Finally, State Street Corp boosted its stake in Serve Robotics by 29.5% in the 4th quarter. State Street Corp now owns 1,245,411 shares of the company’s stock worth $12,927,000 after purchasing an additional 283,497 shares during the period.

Serve Robotics Company Profile

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.